China's import and export data for the first two months were released
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, down 1.2% (compared with the same period last year, the first two months of this year less than 2 working days, excluding the impact of non-comparable factors, import and export growth of 1.7%). Of this total, the export was 3.88 trillion yuan, up by 3.4%; Imports were 2.66 trillion yuan, down 7.3%. In dollar terms, in the first two months, China's import and export value was 909.37 billion US dollars, down 2.4%. Among them, the export was 539.94 billion US dollars, up by 2.3%; Imports totaled 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:
I. The import and export of general trade decreased, while the import and export of processing trade increased
In the first two months, China's general trade imports and exports were 4.2 trillion yuan, down 3.6%, accounting for 64.3% of the total value of China's foreign trade. Of this total, exports were 2.55 trillion yuan, up by 2.5%; Imports reached 1.65 trillion yuan, down 11.7%. During the same period, the import and export of processing trade reached 1.2 trillion yuan, an increase of 7.1%, accounting for 18.3%. Among them, the export was 752.96 billion yuan, up by 7.6%; Imports reached 446.18 billion yuan, up 6.4%.
In addition, China imported and exported 911.31 billion yuan by bonded logistics, an increase of 4%. Of this total, the export was 389.16 billion yuan, up by 13.6 percent; Imports were 522.15 billion yuan, down 2.2%.
2. imports and exports to ASEAN and the United States increased, while imports and exports to the European Union and South Korea declined
In the first two months, ASEAN was China's largest trading partner. The total value of China's trade with ASEAN reached 1.03 trillion yuan, an increase of 4%, accounting for 15.8% of China's total foreign trade. Among them, the export to ASEAN was 626.68 billion yuan, up by 6.8%; Imports from ASEAN totaled 406.65 billion yuan, down 0.2%. The EU is my second largest trading partner, and the total value of my trade with the EU was 833.34 billion yuan, down 0.2%, accounting for 12.7%. Among them, the export to the European Union was 568.26 billion yuan, up by 1.8%; Imports from the EU totaled 265.08 billion yuan, down 4.3%. The United States is China's third largest trading partner, with the total value of China's trade with the United States reaching 733.67 billion yuan, up 3.5% and accounting for 11.2%. Among them, the export to the United States was 543.13 billion yuan, up by 3.4%; Imports from the United States reached 190.54 billion yuan, up 3.8 percent. South Korea is my fourth largest trading partner, and the total value of my trade with South Korea was 335.51 billion yuan, down 0.1%, accounting for 5.1%. Among them, the export to South Korea was 148.01 billion yuan, down 1.5%; Imports from South Korea reached 187.5 billion yuan, up 1%.
In the same period, China's total imports and exports to countries jointly building the Belt and Road Initiative totaled 3.33 trillion yuan, down 1%. Of this total, the export was 1.87 trillion yuan, up by 2.4%; Imports were 1.46 trillion yuan, down 5.1%.
3. Imports and exports of private enterprises increased
In the first two months, the import and export of private enterprises reached 3.69 trillion yuan, an increase of 2%, accounting for 56.4% of the total value of China's foreign trade, an increase of 1.8 percentage points over the same period last year. Among them, exports were 2.5 trillion yuan, up by 1.6%, accounting for 64.2% of China's total exports; Imports reached 1.19 trillion yuan, an increase of 2.7% and accounting for 45% of China's total imports. In the same period, the import and export of foreign-invested enterprises was 1.91 trillion yuan, down 0.3%, accounting for 29.2% of China's total foreign trade. Of this total, the export was 1.08 trillion yuan, up by 6.9%; Imports were 829.91 billion yuan, down 8.3%. Imports and exports of state-owned enterprises reached 925.04 billion yuan, down 13.4 percent, accounting for 14.2 percent of China's total foreign trade. Of this total, the export was 300.74 billion yuan, up by 6.6%; Imports reached 624.3 billion yuan, down 20.6 percent.
4.Mechanical and electrical products accounted for 60% of exports, of which automatic data processing equipment and its parts, integrated circuits and automobiles exports increased
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 value of China's exports. Among them, automatic data processing equipment and its parts and components were 217.68 billion yuan, an increase of 11.7%; Integrated circuit 180.44 billion yuan, up 13.2%; Mobile phone 134.08 billion yuan, down 2.2%; Automobiles reached 116.02 billion yuan, up 3.7 percent. During the same period, the export of labor products was 608.13 billion yuan, down 8.2%, accounting for 15.7%. Among them, clothing and clothing accessories 155.74 billion yuan, down 5.8%; 152.55 billion yuan for textiles, down 0.9%; Plastic products were 108.98 billion yuan, down 7.3%. The export of agricultural products reached 109.44 billion yuan, up 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, down 8.4%, and the average import price (the same below) was 714.2 yuan per ton, down 22.8%; 83.854 million tons of crude oil, down 5%, 3,987.3 yuan per ton, down 4.6%; Coal 76.119 million tons, an increase of 2.1%, 612.8 yuan per ton, down 19.3%; Natural gas 20.311 million tons, down 7.7%, 3,452.4 yuan per ton, down 5.5%; 13.606 million tons of soybeans, up 4.4%, 3,328.9 yuan per ton, down 17.4%; Refined oil was 6.343 million tons, a decrease of 16.2%, up 2.6%, to 4,361.6 yuan per ton. In addition, the import of primary shape plastic 4.767 million tons, an increase of 2.9%, 10,300 yuan per ton, up 0.1%; Unforged rolled copper and copper material 837,000 tons, down 7.2%, 67,700 yuan per ton, up 9.5%.
During the same period, the import of mechanical and electrical products reached 1 trillion yuan, an increase of 3.2%. Among them, there were 83.46 billion integrated circuits, an increase of 6.3%, with a value of 402.28 billion yuan, an increase of 3.9%; The number of cars was 56,000, down 45.8%, with a value of 21.6 billion yuan, down 49.7%.
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