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

On December 8, the General Administration of Customs announced that according to customs statistics, the total value of China's goods trade imports and exports from January to November 2025 was 41.21 trillion yuan, an increase of 3.6% year-on-year. Out of this, exports were 24.46 trillion yuan, a 6.2% increase, while imports were 16.75 trillion yuan, a 0.2% increase. In November, the growth rate of China's goods trade picked up, with a total value of imports and exports reaching 3.9 trillion yuan, a 4.1% increase. Out of this, exports were 2.35 trillion yuan, a 5.7% increase, while imports were 1.55 trillion yuan, a 1.7% increase. Key points of China's imports and exports in the first 11 months: 1. General trade and processing trade imports and exports grew: In the first 11 months, China's general trade imports and exports totaled 26.04 trillion yuan, a 2.1% increase, accounting for 63.2% of the total foreign trade value; processing trade imports and exports totaled 7.74 trillion yuan, a 7.3% increase, accounting for 18.8%; and bonded logistics imports and exports totaled 5.92 trillion yuan, a 5.5% increase, accounting for 14.4%. 2. Imports and exports with ASEAN and the EU increased: In the first 11 months, ASEAN was China's largest trading partner, with a total trade value of 6.82 trillion yuan, an 8.5% increase, accounting for 16.6% of China's total foreign trade value. The EU was China's second-largest trading partner, with a total trade value of 5.37 trillion yuan, a 5.4% increase, accounting for 13% of China's total foreign trade value. The US was China's third-largest trading partner, with a total trade value of 3.69 trillion yuan, a 16.9% decrease, accounting for 8.9% of China's total foreign trade value. During the same period, China's total imports and exports with countries participating in the "Belt and Road Initiative" amounted to 21.33 trillion yuan, a 6% increase. 3. Imports and exports of private enterprises and foreign-invested enterprises grew: In the first 11 months, imports and exports of private enterprises totaled 23.52 trillion yuan, a 7.1% increase, accounting for 57.1% of China's total foreign trade value, an increase of 1.8 percentage points compared to the same period last year; imports and exports of foreign-invested enterprises totaled 12.07 trillion yuan, a 3.5% increase, accounting for 29.3% of China's total foreign trade value; imports and exports of state-owned enterprises totaled 5.53 trillion yuan, an 8.6% decrease, accounting for 13.4% of China's total foreign trade value. 4. Mechanical and electrical products accounted for over 60% of exports, significant growth in integrated circuits and automotive exports: In the first 11 months, China's exports of mechanical and electrical products reached 14.89 trillion yuan, an 8.8% increase, accounting for 60.9% of China's total exports. Among these, exports of automatic data processing equipment and its components reached 1.31 trillion yuan, a 1.3% decrease; integrated circuits reached 1.29 trillion yuan, a 25.6% increase; and automotive products reached 896.91 billion yuan, a 17.6% increase. During the same period, exports of labor-intensive products reached 3.7 trillion yuan, a 3.5% decrease, accounting for 15.1% of China's total exports. Among these, exports of clothing and accessories reached 987.26 billion yuan, a 3.7% decrease; textiles reached 931.33 billion yuan, a 1.7% increase; plastic products reached 677.6 billion yuan, a 0.5% decrease. Exports of agricultural machinery reached 670.21 billion yuan, a 2% increase. 5. The prices of major imported commodities fell, while the value of mechanical and electrical products imports increased: In the first 11 months, China imported 11.39 billion tons of iron ore, a 1.4% increase, with an average price decrease of 9.4%; 5.22 billion tons of crude oil, a 3.2% increase, with an average price decrease of 12.1%; 4.32 billion tons of coal, a 12% decrease, with an average price decrease of 23.9%; 1.14 billion tons of natural gas, a 4.7% decrease, with an average price decrease of 9.4%; 1.04 billion tons of soybeans, a 6.9% increase, with an average price decrease of 10.7%; 38.433 million tons of refined oil, a 14.5% decrease, with an average price decrease of 4.9%. In addition, China imported 24.281 million tons of primary-shaped plastics, a 7.8% decrease, with an average price decrease of 0.8%; and 4.883 million tons of unwrought copper and copper materials, a 4.7% decrease, with an average price increase of 6.4%. During the same period, imports of mechanical and electrical products reached 6.69 trillion yuan, a 5.5% increase. This article is adapted from the "Customs Release" WeChat public account. Editor of GMTEight: Feng Qiuyi.