General Administration of Customs: China's goods trade import and export increased by 3.6% in the first 10 months.

On November 7th, the General Administration of Customs announced that in the first 10 months of 2025, China's goods trade continued to grow steadily, with a total import and export value of 37.31 trillion yuan, a year-on-year increase of 3.6%. Of this, exports amounted to 22.12 trillion yuan, a 6.2% increase, while imports stood at 15.19 trillion yuan, almost flat compared to the same period last year. In October, China's total import and export value of goods was 3.7 trillion yuan, a 0.1% increase. Exports were 2.17 trillion yuan, a 0.8% decrease, while imports were 1.53 trillion yuan, a 1.4% increase, marking the fifth consecutive month of growth. In the first 10 months, the main characteristics of China's imports and exports were as follows: 1. General trade and processing trade increased In the first 10 months, China's general trade import and export amounted to 23.64 trillion yuan, a 2.3% increase, accounting for 63.4% of the total foreign trade value; processing trade import and export totaled 6.94 trillion yuan, a 6.5% increase, representing 18.6%; bonded logistics import and export reached 5.34 trillion yuan, a 5.5% increase. 2. Imports and exports to ASEAN and the EU increased In the first 10 months, ASEAN was China's largest trading partner, with a total trade value of 6.18 trillion yuan, a 9.1% increase, accounting for 16.6% of the total foreign trade value. The EU was the second largest trading partner, with a trade value of 4.88 trillion yuan, a 4.9% increase, accounting for 13.1% of total foreign trade value. The U.S. was the third largest trading partner, with a trade value of 3.38 trillion yuan, a 15.9% decrease, accounting for 9% of total foreign trade value. During the same period, China's total imports and exports with Belt and Road countries reached 19.28 trillion yuan, a 5.9% increase. 3. Imports and exports of private enterprises and foreign-invested enterprises increased In the first 10 months, exports and imports of private enterprises reached 21.28 trillion yuan, a 7.2% increase, accounting for 57% of the total foreign trade value, up 1.9 percentage points from the same period last year. Foreign-invested enterprises' imports and exports amounted to 10.91 trillion yuan, a 2.9% increase, accounting for 29.3% of total foreign trade value; imports and exports of state-owned enterprises were 5.04 trillion yuan, down 8.1%, accounting for 13.5% of total foreign trade value. 4. Machinery and electrical products accounted for over 60% of exports, with significant growth in integrated circuits and automobile exports In the first 10 months, exports of machinery and electrical products reached 13.43 trillion yuan, an 8.7% increase, accounting for 60.7% of total exports. Integrated circuits saw a 24.7% increase, automobiles rose by 14.3%. Labor-intensive product exports totaled 3.38 trillion yuan, a 3% decrease. 5. Import prices of major commodities fell, while imports of machinery and electrical products increased In the first 10 months, China imported 10.29 billion tons of iron ore, with prices falling by 10.7%; 4.71 billion tons of crude oil, with prices down by 12.1%; 3.88 billion tons of coal, with prices down by 24.5%; 1.03 billion tons of natural gas, with prices down by 8.8%; 956.82 million tons of soybeans, with prices down by 11.1%; and 341.93 million tons of refined oil, with prices down by 4.6%. In addition, imports of primary plastic shapes decreased by 7.6%, while prices fell by 0.6%; and imports of unworked copper and copper materials decreased by 3.1%, with prices rising by 5.7%. Imports of machinery and electrical products grew by 5.5%. This article is sourced from the official website of the General Administration of Customs; edited by Chen Xiaoyi.