General Administration of Customs: China's total import and export value of goods trade was 41.21 trillion yuan in the first 11 months, up 3.6% year on year

The Zhitong Finance App learned that the General Administration of Customs announced on December 8 that according to customs statistics, in the first 11 months of 2025, China's total import and export value of goods trade was RMB 41.21 trillion, an increase of 3.6% over the same period (same below). Among them, exports amounted to 24.46 trillion yuan, an increase of 6.2%; imports amounted to 16.75 trillion yuan, an increase of 0.2%. In November, the growth rate of China's goods trade rebounded, with a total import and export value of 3.9 trillion yuan, an increase of 4.1%. Among them, exports amounted to 2.35 trillion yuan, an increase of 5.7%; imports amounted to 1.55 trillion yuan, an increase of 1.7%.

Main characteristics of China's imports and exports in the first 11 months:

I. Growth in imports and exports of general trade and processing trade

In the first 11 months, China's general trade imports and exports amounted to 26.04 trillion yuan, an increase of 2.1%, accounting for 63.2% of our total foreign trade value; processing trade imports and exports amounted to 7.74 trillion yuan, an increase of 7.3%, accounting for 18.8%; and imports and exports of bonded logistics methods amounted to 5.92 trillion yuan, an increase of 5.5%, accounting for 14.4%.

II. Growth in imports and exports to ASEAN and the EU

In the first 11 months, ASEAN was my largest trading partner. My total trade value with ASEAN was 6.82 trillion yuan, an increase of 8.5%, accounting for 16.6% of our total foreign trade value. The EU is my second largest trading partner. My total trade value with the EU was 5.37 trillion yuan, an increase of 5.4%, accounting for 13% of our total foreign trade value. The US is my third largest trading partner. My total trade value with the US was 3.69 trillion yuan, a decrease of 16.9%, accounting for 8.9% of our total foreign trade value.

Over the same period, China's imports and exports to the “Belt and Road” countries totaled 21.33 trillion yuan, an increase of 6%.

III. Growth in imports and exports of private enterprises and foreign-invested enterprises

In the first 11 months, private enterprises imported and exported 23.52 trillion yuan, up 7.1%, accounting for 57.1% of our total foreign trade value, up 1.8 percentage points over the same period last year; foreign-invested enterprises imported and exported 12.07 trillion yuan, up 3.5%, accounting for 29.3% of our total foreign trade value; state-owned enterprises imported and exported 5.53 trillion yuan, a decrease of 8.6%, accounting for 13.4% of our total foreign trade value.

4. Electromechanical products account for more than 60% of exports, and exports of integrated circuits and automobiles have increased significantly

In the first 11 months, China exported 14.89 trillion yuan of mechanical and electrical products, an increase of 8.8%, accounting for 60.9% of our total export value. Among them, automatic data processing equipment and components amounted to 1.31 trillion yuan, a decrease of 1.3%; integrated circuits amounted to 1.29 trillion yuan, an increase of 25.6%; and automobiles amounted to 896.91 billion yuan, an increase of 17.6%. In the same period, exports of Laomi products amounted to 3.7 trillion yuan, a decrease of 3.5%, accounting for 15.1% of our total export value. Among them, clothing and accessories amounted to $987.26 billion, a decrease of 3.7%; textiles amounted to $931.33 billion, an increase of 1.7%; and plastic products amounted to $677.6 billion, a decrease of 0.5%. Exports of agricultural products amounted to 670.21 billion yuan, an increase of 2%.

5. Import prices of major commodities fell, and the import value of mechanical and electrical products increased

In the first 11 months, China imported 1,139 million tons of iron ore, an increase of 1.4%, and the average import price fell 9.4%; crude oil was 522 million tons, an increase of 3.2%, the average price decreased by 12.1%; coal was 432 million tons, a decrease of 12%, the average price decreased by 23.9%; natural gas was 114 million tons, a decrease of 4.7%, the average price decreased by 10.7%; refined oil was 384.33 million tons, a decrease of 14.5%, and the average price fell by 4.4%. In addition, imports of plastic in primary form amounted to 24.281,000 tons, a decrease of 7.8%, and the average price decreased by 0.8%; unwrought copper and copper materials decreased by 4.7%, and the average price increased by 6.4%. In the same period, imports of mechanical and electrical products amounted to 6.69 trillion yuan, an increase of 5.5%.

This article was compiled from the “Customs Release” WeChat account, Zhitong Finance Editor: Feng Qiuyi.