China's import and export data for the first two months is out
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% (compared with the same period last year, the first two months of this year, two fewer working days, excluding the impact of incomparable factors, imports and exports increased by 1.7%). Among them, exports 3.88 trillion yuan, up 3.4%; imports 2.66 trillion yuan, down 7.3%. In dollar terms, the first two months, China's total import and export value of 909.37 billion U.S. dollars, down 2.4%. Among them, exports of 539.94 billion U.S. dollars, an increase of 2.3%; imports of 369.43 billion U.S. dollars, down 8.4%.
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 import and export 4.2 trillion yuan, down 3.6%, accounting for 64.3% 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, the processing trade import and export 1.2 trillion yuan, an increase of 7.1%, accounting for 18.3%. Among them, exports of 752.96 billion yuan, up 7.6%; imports of 446.18 billion yuan, up 6.4%.
In addition, China's import and export in the form of bonded logistics 911.31 billion yuan, an increase of 4%. Among them, exports 389.16 billion yuan, an increase of 13.6%; imports of 522.15 billion yuan, down 2.2%.
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 trade with ASEAN total value of 1.03 trillion yuan, an increase of 4%, accounting for 15.8% of my total foreign trade value. Among them, exports to ASEAN 626.68 billion yuan, up 6.8%; imports from ASEAN 406.65 billion yuan, down 0.2%. The European Union for my second largest trading partner, my total trade with the EU value of 833.34 billion yuan, down 0.2%, accounting for 12.7%. Among them, exports to the EU 568.26 billion yuan, an increase of 1.8%; imports from the EU 265.08 billion yuan, down 4.3%. The United States is my third largest trading partner, my trade with the United States totaled 733.67 billion yuan, an increase of 3.5%, accounting for 11.2%. Among them, exports to the United States 543.13 billion yuan, an increase of 3.4%; from the United States imported 190.54 billion yuan, an increase of 3.8%. South Korea for my fourth largest trading partner, my trade with South Korea totaled 335.51 billion yuan, down 0.1%, accounting for 5.1%. Among them, exports to South Korea 148.01 billion yuan, down 1.5%; imports from South Korea 187.5 billion yuan, up 1%.
During the same period, China to build a “Belt and Road” countries total import and export 3.33 trillion yuan, down 1%. Among them, exports 1.87 trillion yuan, up 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, up 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%, accounting for 64.2% of the total value of my exports; imports 1.19 trillion yuan, an increase of 2.7%, accounting for 45% of the total value of my imports. During the same period, foreign-invested enterprises import and export 1.91 trillion yuan, down 0.3%, accounting for 29.2% of my total foreign trade. Among them, exports 1.08 trillion yuan, up 6.9%; imports of 829.91 billion yuan, down 8.3%. State-owned enterprises import and export 9250.4 billion yuan, down 13.4%, accounting for 14.2% of my total foreign trade. Among them, exports 300.74 billion yuan, an increase of 6.6%; imports of 624.3 billion yuan, down 20.6%.
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 components 217.68 billion yuan, an increase of 11.7%; integrated circuits 180.44 billion yuan, an increase of 13.2%; cell phones 134.08 billion yuan, a decline of 2.2%; 116.02 billion yuan of automobiles, an increase of 3.7%. During the same period, the export of labor-military products 608.13 billion yuan, down 8.2%, accounting for 15.7%. Among them, clothing and clothing accessories 155.74 billion yuan, down 5.8%; textiles 152.55 billion yuan, down 0.9%; plastic products 108.98 billion yuan, down 7.3%. Export of agricultural products 109.44 billion yuan, an increase of 4.2%.
Fifth, iron ore, crude oil and natural gas imports decreased, coal, soybean imports increased
The first two months, China's imports of 191 million tons of iron ore, a decrease of 8.4%, the average price of imports (the same below) 714.2 yuan per ton, down 22.8%; 83.854 million tons of crude oil, a decrease of 5%, 3,987.3 yuan per ton, a decrease of 4.6%; 76.119 million tons of coal, an increase of 2.1%, 612.8 yuan per ton, a decrease of 19.3%; 20.311 million tons of natural gas. Decrease of 7.7%, 3452.4 yuan per ton, down 5.5%; 13.606 million tons of soybeans, an increase of 4.4%, 3328.9 yuan per ton, down 17.4%; 6.343 million tons of refined oil, a decrease of 16.2%, 4,361.6 yuan per ton, up 2.6%. In addition, imports of plastics in primary shapes 4.767 million tons, an increase of 2.9%, 10,300 yuan per ton, up 0.1%; 837,000 tons of unwrought copper and copper, a decrease of 7.2%, 67,700 yuan per ton, 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%, valued at 402.28 billion yuan, an increase of 3.9%; 56,000 cars, a decrease of 45.8%, valued at 21.6 billion yuan, a decline of 49.7%.