According to customs statistics, in the first two months of 2025, China's trade in goods (the same below) import and export value of 6.54 trillion yuan, year-on-year (the same below) decreased by 1.2 per cent (compared with the same period last year, the first two months of this year, two fewer working days, excluding the impact of the incomparable factors, imports and exports increased by 1.7 per cent). Among them, exports were 3.88 trillion yuan, up 3.4 per cent; imports were 2.66 trillion yuan, down 7.3 per cent. In dollar terms, in the first two months, China's total import and export value of 909.37 billion U.S. dollars, down 2.4 per cent. Among them, exports were 539.94 billion U.S. dollars, up 2.3 per cent; imports were 369.43 billion U.S. dollars, down 8.4 per cent.
The main features of China's import and export in the first two months of 2025:
First, general trade import and export decline, processing trade import and export growth
In the first two months, China's general trade imports and exports 4.2 trillion yuan, down 3.6 per cent, accounting for 64.3 per cent of the total value of my foreign trade. Among them, exports 2.55 trillion yuan, an increase of 2.5%; imports 1.65 trillion yuan, down 11.7%. During the same period, processing trade import and export 1.2 trillion yuan, up 7.1 per cent, accounting for 18.3 per cent. Among them, exports were 752.96 billion yuan, up 7.6 per cent; imports were 446.18 billion yuan, up 6.4 per cent.
In addition, China's import and export in the form of bonded logistics 911.31 billion yuan, an increase of 4 per cent. Among them, exports 389.16 billion yuan, an increase of 13.6 per cent; imports of 522.15 billion yuan, down 2.2 per cent.
Second, to ASEAN, the United States import and export growth, to the EU, South Korea import and export decline
In the first two months, ASEAN for my first major trading partner, I and ASEAN trade value of 1.03 trillion yuan, an increase of 4 per cent, accounting for 15.8 per cent of the total value of my foreign trade. Among them, exports to ASEAN 626.68 billion yuan, up 6.8 per cent; imports from ASEAN 406.65 billion yuan, down 0.2 per cent. The EU is my second largest trading partner, the total value of my trade with the EU was 833.34 billion yuan, down 0.2 per cent, accounting for 12.7 per cent. Among them, exports to the EU were 568.26 billion yuan, up 1.8 per cent; imports from the EU were 265.08 billion yuan, down 4.3 per cent. The United States is my third largest trading partner, the total value of my trade with the United States was 733.67 billion yuan, an increase of 3.5 per cent, accounting for 11.2 per cent. Among them, exports to the United States 543.13 billion yuan, an increase of 3.4 per cent; imports from the United States 190.54 billion yuan, an increase of 3.8 per cent. South Korea for my fourth largest trading partner, I and South Korea's total trade value of 335.51 billion yuan, down 0.1 per cent, accounting for 5.1 per cent. Among them, exports to South Korea 148.01 billion yuan, down 1.5 per cent; imports from South Korea 187.5 billion yuan, up 1 per cent.
During the same period, China to build a 'Belt and Road' countries total import and export 3.33 trillion yuan, down 1 per cent. Among them, exports 1.87 trillion yuan, an increase of 2.4%; imports 1.46 trillion yuan, down 5.1%.
Third, the private sector import and export growth
In the first two months, private enterprises import and export 3.69 trillion yuan, an increase of 2%, accounting for 56.4% of the total value of my foreign trade, compared with the same period last year to improve 1.8 percentage points. Among them, exports 2.5 trillion yuan, an increase of 1.6 per cent, accounting for 64.2 per cent of the total value of my exports; imports 1.19 trillion yuan, an increase of 2.7 per cent, accounting for 45 per cent of the total value of my imports. During the same period, foreign-invested enterprises import and export 1.91 trillion yuan, down 0.3 per cent, accounting for 29.2 per cent of my total foreign trade. Among them, exports 1.08 trillion yuan, up 6.9 per cent; imports of 829.91 billion yuan, down 8.3 per cent. State-owned enterprises import and export 9250.4 billion yuan, down 13.4 per cent, accounting for 14.2 per cent of the total value of my foreign trade. Among them, exports 300.74 billion yuan, an increase of 6.6 per cent; imports of 624.3 billion yuan, down 20.6 per cent.
Fourth, electromechanical products accounted for 60% of exports, including automatic data processing equipment and its components, integrated circuits and automotive export growth
The first two months, China's exports of electromechanical products 2.33 trillion yuan, an increase of 5.4%, accounting for 60% of my total exports. Among them, automatic data processing equipment and its parts and components 217.68 billion yuan, an increase of 11.7%; integrated circuits 180.44 billion yuan, an increase of 13.2%; mobile phones 134.08 billion yuan, down 2.2%; 116.02 billion yuan of automobiles, an increase of 3.7%. During the same period, the export of labour-intensive products 608.13 billion yuan, down 8.2 per cent, accounting for 15.7 per cent. Among them, clothing and clothing accessories 155.74 billion yuan, down 5.8 per cent; textiles 152.55 billion yuan, down 0.9 per cent; plastic products 108.98 billion yuan, down 7.3 per cent. Exports of agricultural products 109.44 billion yuan, an increase of 4.2 per cent.
Fifth, iron ore, crude oil and natural gas imports decreased, coal, soybean imports increased
In the first two months, China imported 191 million tonnes of iron ore, a decrease of 8.4%, the average price of imports (the same below) per tonne of 714.2 yuan, down 22.8%; 83.854 million tonnes of crude oil, a decrease of 5%, per tonne of 3,987.3 yuan, a decrease of 4.6%; 76.119 million tonnes of coal, an increase of 2.1%, per tonne of 612.8 yuan, a decrease of 19.3%; 20.311 million tonnes of natural gas. decreased by 7.7%, RMB 3,452.4 per tonne, down 5.5%; 13.606 million tonnes of soybeans, increased by 4.4%, RMB 3,328.9 per tonne, down 17.4%; and 6.343 million tonnes of refined oil products, decreased by 16.2%, RMB 4,361.6 per tonne, up 2.6%. In addition, imports of plastics in primary shapes 4.767 million tonnes, an increase of 2.9%, 10,300 yuan per tonne, up 0.1%; 837,000 tonnes of unwrought copper and copper material, a decrease of 7.2%, 67,700 yuan per tonne, up 9.5%.
During the same period, imports of electromechanical products 1 trillion yuan, an increase of 3.2%. Among them, 83.46 billion integrated circuits, an increase of 6.3 per cent, valued at 402.28 billion yuan, an increase of 3.9 per cent; 56,000 cars, a decrease of 45.8 per cent, valued at 21.6 billion yuan, a decrease of 49.7 per cent.
