General Administration of Customs: The total value of China's merchandise trade imports and exports in the first two months was 6.54 trillion yuan, a year-on-year decrease of 1.2%.

On March 7th, according to customs statistics, in the first two months of 2025, China's total value of goods trade imports and exports was 6.54 trillion yuan, a decrease of 1.2% year-on-year. Among them, exports were 3.88 trillion yuan, an increase of 3.4%; imports were 2.66 trillion yuan, a decrease of 7.3%. In terms of US dollars, in the first two months, China's total import and export value was 909.37 billion US dollars, a decrease of 2.4%. Among them, exports were 539.94 billion US dollars, an increase of 2.3%; imports were 369.43 billion US dollars, a decrease of 8.4%. In addition, China's import and export through bonded logistics reached 911.31 billion yuan, an increase of 4%. Among them, exports were 389.16 billion yuan, an increase of 13.6%; imports were 522.15 billion yuan, a decrease of 2.2%. The key points of China's import and export in the first two months of 2025 are as follows: 1. General trade imports and exports decreased, while processing trade imports and exports increased. In the first two months, China's general trade imports and exports were 4.2 trillion yuan, a decrease of 3.6%, accounting for 64.3% of the total foreign trade. Among them, exports were 2.55 trillion yuan, an increase of 2.5%; imports were 1.65 trillion yuan, a decrease of 11.7%. In the same period, processing trade imports and exports were 1.2 trillion yuan, an increase of 7.1%, accounting for 18.3%. Among them, exports were 752.96 billion yuan, an increase of 7.6%; imports were 446.18 billion yuan, an increase of 6.4%. 2. Imports and exports to ASEAN and the United States increased, while imports and exports to the European Union and South Korea decreased. In the first two months, ASEAN was China's largest trading partner, with a total trade value of 1.03 trillion yuan, an increase of 4%, accounting for 15.8% of China's total foreign trade. Among them, exports to ASEAN were 626.68 billion yuan, an increase of 6.8%; imports from ASEAN were 406.65 billion yuan, a decrease of 0.2%. The European Union was China's second largest trading partner, with a total trade value of 833.34 billion yuan, a decrease of 0.2%, accounting for 12.7%. Among them, exports to the European Union were 568.26 billion yuan, an increase of 1.8%; imports from the European Union were 265.08 billion yuan, a decrease of 4.3%. The United States was China's third largest trading partner, with a total trade value of 733.67 billion yuan, an increase of 3.5%, accounting for 11.2%. Among them, exports to the United States were 543.13 billion yuan, an increase of 3.4%; imports from the United States were 190.54 billion yuan, an increase of 3.8%. South Korea was China's fourth largest trading partner, with a total trade value of 335.51 billion yuan, a decrease of 0.1%, accounting for 5.1%. Among them, exports to South Korea were 148.01 billion yuan, a decrease of 1.5%; imports from South Korea were 187.5 billion yuan, an increase of 1%. During the same period, China's total import and export with countries participating in the Belt and Road Initiative was 3.33 trillion yuan, a decrease of 1%. Among them, exports were 1.87 trillion yuan, an increase of 2.4%; imports were 1.46 trillion yuan, a decrease of 5.1%. 3. Private enterprises' imports and exports grew. In the first two months, imports and exports of private enterprises were 3.69 trillion yuan, an increase of 2%, accounting for 56.4% of China's total foreign trade, an increase of 1.8 percentage points from the same period last year. Among them, exports were 2.5 trillion yuan, an increase of 1.6%, accounting for 64.2% of the total export value; imports were 1.19 trillion yuan, an increase of 2.7%, accounting for 45% of the total import value. During the same period, imports and exports of foreign-invested enterprises were 1.91 trillion yuan, a decrease of 0.3%, accounting for 29.2% of China's total foreign trade. Among them, exports were 1.08 trillion yuan, an increase of 6.9%; imports were 829.91 billion yuan, a decrease of 8.3%. State-owned enterprises' imports and exports were 925.04 billion yuan, a decrease of 13.4%, accounting for 14.2% of China's total foreign trade. Among them, exports were 300.74 billion yuan, an increase of 6.6%; imports were 624.3 billion yuan, a decrease of 20.6%. 4. Mechanical and electrical products accounted for 60% of exports, with exports of automatic data processing equipment and components, integrated circuits, and automobiles increasing. In the first two months, China's exports of mechanical and electrical products were 2.33 trillion yuan, an increase of 5.4%, accounting for 60% of the total export value. Among them, exports of automatic data processing equipment and components were 217.68 billion yuan, an increase of 11.7%; integrated circuits were 180.44 billion yuan, an increase of 13.2%; mobile phones were 134.08 billion yuan, a decrease of 2.2%; automobiles were 116.02 billion yuan, an increase of 3.7%. During the same period, exports of labor-intensive products were 608.13 billion yuan, a decrease of 8.2%, accounting for 15.7%. Among them, exports of clothing and accessories were 155.74 billion yuan, a decrease of 5.8%; textile products were 152.55 billion yuan, a decrease of 0.9%; plastic products were 108.98 billion yuan, a decrease of 7.3%. Exports of Shenzhen Agricultural Power Group were 109.44 billion yuan, an increase of 4.2%. 5. Imports of iron ore, crude oil, and natural gas decreased, while imports of coal and soybeans increased. In the first two months, China imported 191 million tons of iron ore, a decrease of 8.4%, with an average import price of 714.2 yuan per ton, a decrease of 22.8%; 83.854 million tons of crude oil, a decrease of 5%, with an average import price of 3987.3 yuan per ton, a decrease of 4.6%; 76.119 million tons of coal, an increase of 2.1%, with an average import price of 612.8 yuan per ton, a decrease of 19.3%; 20.311 million tons of natural gas, a decrease of 7.7%, with an average import price of 3452.4 yuan per ton, a decrease of 5.5%; and 1.360.6 million tons, an increase of 4.4%, at 3328.9 yuan per ton, a decrease of 17.4%; Finished oil 634.3 million tons, a decrease of 16.2%, at 4361.6 yuan per ton, an increase of 2.6%. In addition, 476.7 million tons of imported primary-shaped plastics increased by 2.9%, at 10,300 yuan per ton, an increase of 0.1%; Unforged copper and copper materials 83.7 million tons, a decrease of 7.2%, at 67,700 yuan per ton, an increase of 9.5%.In the same period, the total import of electromechanical products reached 1 trillion yuan, an increase of 3.2%. Among them, integrated circuits reached 83.46 billion units, an increase of 6.3%, with a value of 402.28 billion yuan, an increase of 3.9%; there were 56,000 automobiles, a decrease of 45.8%, with a value of 21.6 billion yuan, a decrease of 49.7%. This article was selected from the official website of the General Administration of Customs of the People's Republic of China. GMTEight Editor: Chen Xiaoyi.