According to customs statistics, China's total import and export value of goods reached 41.21 trillion yuan in the first 11 months of 2025, marking a year-on-year increase of 3.6%. Exports amounted to 24.46 trillion yuan, up 6.2%, while imports totaled 16.75 trillion yuan, rising 0.2%. In November, China's goods trade growth rebounded, with total imports and exports reaching 3.9 trillion yuan, up 4.1%. Exports amounted to 2.35 trillion yuan, rising 5.7%, while imports totaled 1.55 trillion yuan, increasing 1.7%.

Key features of China's imports and exports in the first 11 months:

I. Growth in General Trade and Processing Trade Imports and Exports

In the first 11 months, China's general trade imports and exports reached 26.04 trillion yuan, up 2.1%, accounting for 63.2% of the total foreign trade value. Processing trade imports and exports amounted to 7.74 trillion yuan, up 7.3%, accounting for 18.8%. Bonded logistics imports and exports totaled 5.92 trillion yuan, up 5.5%, accounting for 14.4%.

II. Growth in Trade with ASEAN and the EU

In the first 11 months, ASEAN remained China's largest trading partner, with bilateral trade totaling 6.82 trillion yuan, up 8.5%, accounting for 16.6% of China's total foreign trade value. The EU was China's second-largest trading partner, with bilateral trade reaching 5.37 trillion yuan, up 5.4%, accounting for 13% of China's total foreign trade value. The United States ranked as China's third-largest trading partner, with bilateral trade totaling 3.69 trillion yuan, down 16.9% year-on-year, accounting for 8.9% of China's total foreign trade. During the same period, China's total imports and exports with countries participating in the Belt and Road Initiative reached 21.33 trillion yuan, up 6%.

III. Growth in Imports and Exports by Private Enterprises and Foreign-Invested Enterprises

In the first 11 months, private enterprises recorded imports and exports totaling 23.52 trillion yuan, up 7.1%, accounting for 57.1% of China's total foreign trade value, an increase of 1.8 percentage points over the same period last year. Foreign-invested enterprises recorded imports and exports of 12.07 trillion yuan, up 3.5%, accounting for 29.3% of China's total foreign trade value. State-owned enterprises recorded imports and exports of 5.53 trillion yuan, down 8.6%, accounting for 13.4% of China's total foreign trade value.

IV. Machinery and Electrical Products Account for Over 60% of Exports; Integrated Circuits and Automobiles Show Significant Growth

In the first 11 months, China's exports of mechanical and electrical products reached 14.89 trillion yuan, up 8.8%, accounting for 60.9% of total exports. Among these, exports of automatic data processing equipment and parts amounted to 1.31 trillion yuan, down 1.3%; integrated circuits reached 1.29 trillion yuan, up 25.6%; and automobiles totaled 896.91 billion yuan, up 17.6%. During the same period, labor-intensive product exports totaled 3.7 trillion yuan, down 3.5%, accounting for 15.1% of total exports. Among these, clothing and accessories reached 987.26 billion yuan, down 3.7%; textiles amounted to 931.33 billion yuan, up 1.7%; and plastic products totaled 677.6 billion yuan, down 0.5%. Agricultural product exports reached 670.21 billion yuan, up 2%.

V. Import Prices of Major Commodities Decline, While Import Value of Machinery and Electrical Products Increases

In the first 11 months, China imported 1.139 billion tons of iron ore, up 1.4%, with the average import price falling 9.4%; crude oil imports reached 522 million tons, up 3.2%, with the average price declining 12.1%; coal imports totaled 432 million tons, down 12%, with the average price dropping 23.9%; natural gas imports totaled 114 million tons, down 4.7%, with the average price falling 9.4%; soybean imports reached 104 million tons, up 6.9%, with the average price declining 10.7%; refined oil imports amounted to 38.433 million tons, down 14.5%, with the average price decreasing 4.9%. Additionally, imports of plastics in primary forms totaled 24.281 million tons, down 7.8%, with the average price falling 0.8%; unprocessed copper and copper products reached 4.883 million tons, down 4.7%, with the average price rising 6.4%. During the same period, imports of mechanical and electrical products amounted to 6.69 trillion yuan, up 5.5%.