China's foreign trade achieves a "good start" in the first two months of 2025: regional synergy and cooperation between emerging products and ASEAN become growth engines
2025.03.14
1、Highlights of Regional Foreign Trade
Beijing Tianjin Hebei region
Guangdong Hong Kong Macao Greater Bay Area
Liaoning Province
Jiangsu Province
2、Performance of key trading partners
- ASEAN
- For five consecutive years, it has maintained its position as China's largest trading partner, with a total import and export value of 1.03 trillion yuan in the first two months, a year-on-year increase of 4%, accounting for 15.8% of China's total import and export value.
- Guangxi's import and export to ASEAN increased by 14.3%, with a processing trade growth rate of 73%. The export growth rate of products such as new energy vehicles and lithium batteries exceeded 50%.
3、Product structure upgrade
- Emerging industries
- The emerging industries in the Beijing Tianjin Hebei region are experiencing a strong rise in exports, with Guangxi's exports of automobiles, spare parts, and household appliances growing by 57.7% and 81.5% respectively, and lithium battery exports increasing by 112.4%.
- The proportion of Jiangsu's electromechanical product exports has increased to 69.5%, with outstanding performance in the export of high-tech products such as integrated circuits and electric vehicles.
4、Processing trade stabilizes and rebounds
- The growth rate of Guangxi's processing trade import and export has turned from negative to positive, with a growth of 73% in the first two months. Among them, the import of resource-based products such as copper concentrate and nickel sulfur processing trade has doubled, while the export of unprocessed nickel and cardboard processing trade has increased by 45.6% and 53.8% respectively.
5、Open platform efficiency improvement
- The policy dividends of free trade zones and comprehensive bonded zones have been released, such as the export growth rate of Beijing Pilot Free Trade Zone reaching 8.9%, and the general trade and bonded logistics in Guangxi increasing by 50.4% and 9.2% respectively.
The above data shows that in the first two months of 2025, China's foreign trade showed a positive trend in regional coordination, deepening of trading partners, and optimization of product structure.
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