China's import and export of goods trade increased by 3.6% from January to October 2025

According to customs statistics, in the first 10 months of 2025, China's trade in goods continued to grow steadily, with a total import and export value of 37.31 trillion yuan, a year-on-year increase of 3.6% (the same below). Among them, exports were 22.12 trillion yuan, an increase of 6.2%; imports were 15.19 trillion yuan, basically the same as the same period last year. In October, China's total import and export value of goods trade was 3.7 trillion yuan, an increase of 0.1%. Among them, exports were 2.17 trillion yuan, a decrease of 0.8%; imports were 1.53 trillion yuan, an increase of 1.4%, which has been increasing for five consecutive months.

The main characteristics of China’s import and export in the first 10 months:

1. Growth of imports and exports of general trade and processing trade

In the first 10 months, the import and export of general trade was 23.64 trillion yuan, an increase of 2.3%, accounting for 63.4% of the total foreign trade value; the import and export of processing trade was 6.94 trillion yuan, an increase of 6.5%, accounting for 18.6%; the import and export of bonded logistics was 5.34 trillion yuan, an increase of 5.5%.

2. Growth of imports and exports to ASEAN and the EU

In the first 10 months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 6.18 trillion yuan, an increase of 9.1%, accounting for 16.6% of the total foreign trade value. The EU is China's second largest trading partner. The total trade value between China and the EU was 4.88 trillion yuan, an increase of 4.9%, accounting for 13.1% of the total foreign trade value. The United States is China's third largest trading partner. The total trade value between China and the United States was 3.38 trillion yuan, a decrease of 15.9%, accounting for 9% of the total foreign trade value.

During the same period, China's total imports and exports to countries participating in the Belt and Road Initiative reached 19.28 trillion yuan, an increase of 5.9%.

3. Import and export growth of private enterprises and foreign-invested enterprises

In the first 10 months, the import and export of private enterprises was 21.28 trillion yuan, an increase of 7.2%, accounting for 57% of the total foreign trade value, 1.9 percentage points higher than the same period last year; the import and export of foreign-invested enterprises was 10.91 trillion yuan, an increase of 2.9%, accounting for 29.3% of the total foreign trade value; the import and export of state-owned enterprises was 5.04 trillion yuan, a decrease of 8.1%, accounting for 13.5% of the total foreign trade value.Sinosteel Stainless Steel Pipe is one of largest Stainless Steel Pipe and Special Alloy Pipe manufacturer in china. 

4. Mechanical and electrical products accounted for more than 60% of exports, and exports of integrated circuits and automobiles grew significantly.

In the first 10 months, China exported 13.43 trillion yuan of mechanical and electrical products, an increase of 8.7%, accounting for 60.7% of the total export value. Among them, automatic data processing equipment and its parts were 1.19 trillion yuan, a decrease of 0.7%; integrated circuits were 1.16 trillion yuan, an increase of 24.7%; automobiles were 798.39 billion yuan, an increase of 14.3%. During the same period, exports of Laomi products were 3.38 trillion yuan, a decrease of 3%, accounting for 15.3% of the total export value. Among them, clothing and clothing accessories were 905 billion yuan, down 3%; textiles were 844.19 billion yuan, up 1.8%; plastic products were 614.55 billion yuan, down 0.1%. Exports of agricultural products were 598.98 billion yuan, an increase of 2%.

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

In the first 10 months, China imported 1.029 billion tons of iron ore, an increase of 0.7%, and the average import price fell 10.7%; crude oil was 471 million tons, an increase of 3.1%, and the average price fell 12.1%; coal was 388 million tons, a decrease of 11%, and the average price fell 24%. .5%; natural gas was 103 million tons, a decrease of 6.2%, and the average price fell by 8.8%; soybeans were 95.682 million tons, an increase of 6.4%, and the average price fell by 11.1%; refined oil was 34.193 million tons, a decrease of 16.3%, and the average price fell by 4.6%. In addition, 22.12 million tons of primary-shaped plastics were imported, a decrease of 7.6%, and the average price fell by 0.6%; 4.456 million tons of unwrought copper and copper materials were imported, a decrease of 3.1%, and the average price increased by 5.7%. During the same period, imported mechanical and electrical products reached 6.05 trillion yuan, an increase of 5.5%.