According to China Customs statistics, in the first 11 months of 2025, China's total import and export value of goods trade was 41.21 trillion yuan, a year-on-year increase of 3.6% (the same below). Among them, exports were 24.46 trillion yuan, an increase of 6.2%; imports were 16.75 trillion yuan, an increase of 0.2%. In November, China's trade in goods growth picked up, with the total import and export value reaching 3.9 trillion yuan, an increase of 4.1%. Among them, exports were 2.35 trillion yuan, an increase of 5.7%; imports were 1.55 trillion yuan, an increase of 1.7%.

The main characteristics of China’s import and export in the first 11 months:

1. Growth of import and export of general trade and processing trade

In the first 11 months, China's general trade imports and exports were 26.04 trillion yuan, an increase of 2.1%, accounting for 63.2% of the total foreign trade value; processing trade imports and exports were 7.74 trillion yuan, an increase of 7.3%, accounting for 18.8%; bonded logistics imports and exports were 5.92 trillion yuan, an increase of 5.5%, accounting for 14.4%.

2. Growth of imports and exports to ASEAN and the EU

In the first 11 months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 6.82 trillion yuan, an increase of 8.5%, accounting for 16.6% of the total foreign trade value. The EU is China's second largest trading partner. The total trade value between China and the EU was 5.37 trillion yuan, an increase of 5.4%, accounting for 13% of the total foreign trade value. The United States is China's third largest trading partner. The total trade value between China and the United States was 3.69 trillion yuan, a decrease of 16.9%, accounting for 8.9% of the total foreign trade value.

During the same period, China's total imports and exports to countries participating in the Belt and Road Initiative reached 21.33 trillion yuan, an increase of 6%.

3. Import and export growth of private enterprises and foreign-invested enterprises

In the first 11 months, the import and export of private enterprises was 23.52 trillion yuan, an increase of 7.1%, accounting for 57.1% of the total foreign trade value, 1.8 percentage points higher than the same period last year; the import and export of foreign-invested enterprises was 12.07 trillion yuan, an increase of 3.5%, accounting for 29.3% of the total foreign trade value; the import and export of state-owned enterprises was 5.53 trillion yuan, a decrease of 8.6%, accounting for 13.4% of the total foreign trade value.

4. Mechanical and electrical products accounted for more than 60% of exports, and exports of integrated circuits and automobiles grew significantly.

In the first 11 months, China exported 14.89 trillion yuan of mechanical and electrical products, an increase of 8.8%, accounting for 60.9% of the total export value. Among them, automatic data processing equipment and its parts were 1.31 trillion yuan, a decrease of 1.3%; integrated circuits were 1.29 trillion yuan, an increase of 25.6%; automobiles were 896.91 billion yuan, an increase of 17.6%. During the same period, exports of Laomi products were 3.7 trillion yuan, a decrease of 3.5%, accounting for 15.1% of the total export value. Among them, clothing and clothing accessories were 987.26 billion yuan, down 3.7%; textiles were 931.33 billion yuan, up 1.7%; plastic products were 677.6 billion yuan, down 0.5%. Exports of agricultural products were 670.21 billion yuan, an increase of 2%.

5. The import prices of major commodities fell, while the import value of mechanical and electrical products increased.

In the first 11 months, China imported 1.139 billion tons of iron ore, an increase of 1.4%, and the average import price fell 9.4%; crude oil was 522 million tons, an increase of 3.2%, and the average price fell 12.1%; coal was 432 million tons, a decrease of 12%, and the average price fell 23. .9%; natural gas was 114 million tons, a decrease of 4.7%, and the average price fell by 9.4%; soybeans were 104 million tons, an increase of 6.9%, and the average price fell by 10.7%; refined oil was 38.433 million tons, a decrease of 14.5%, and the average price fell by 4.9%. In addition, 24.281 million tons of primary-shaped plastics were imported, a decrease of 7.8%, and the average price fell by 0.8%; 4.883 million tons of unwrought copper and copper materials were imported, a decrease of 4.7%, and the average price increased by 6.4%. During the same period, imported mechanical and electrical products amounted to 6.69 trillion yuan, an increase of 5.5%.

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