China's Trade in Goods Import and Export Data, January-February 2025

In January-February 2025, the total value of China's import and export of trade in goods amounted to RMB 6.54 trillion, down 1.2% year-on-year. Among them, exports were 3.88 trillion yuan, up 3.4%; imports were 2.66 trillion yuan, down 7.3%.

According to customs statistics, in January-February 2025, China's trade in goods (the same below) import and export value of 6.54 trillion yuan, year-on-year (the same below) down 1.2% (compared with the same period in 2024, the first two months of 2025, 2 working days less, excluding the impact of incomparable factors, imports and exports increased by 1.7%). Among them, exports were 3.88 trillion yuan, up 3.4%; imports were 2.66 trillion yuan, down 7.3%.

In dollar terms, in January-February 2025, China's total import and export value of 909.37 billion U.S. dollars, down 2.4%. Among them, exports were 539.94 billion U.S. dollars, up 2.3%; imports were 369.43 billion U.S. dollars, down 8.4%.

In January-February 2025, the main features of China's import and export are as follows:

First, general trade import and export declined, and processing trade import and export growth.

In the first two months, China's general trade import and export 4.2 trillion yuan, down 3.6%, accounting for 64.3% of China's total foreign trade value. Among them, exports 2.55 trillion yuan, an increase of 2.5%; imports 1.65 trillion yuan, down 11.7%. During the same period, the processing trade import and export 1.2 trillion yuan, an increase of 7.1%, accounting for 18.3%. Among them, exports of 752.96 billion yuan, up 7.6%; imports of 446.18 billion yuan, up 6.4%.

In addition, China's import and export in the form of bonded logistics 911.31 billion yuan, an increase of 4%. Among them, exports of 389.16 billion yuan, an increase of 13.6%; imports of 522.15 billion yuan, down 2.2%.

Secondly, the import and export to ASEAN and the United States grew, and the import and export to the European Union and South Korea declined.

In the first two months, ASEAN is China's largest trading partner, China's trade with ASEAN totaled 1.03 trillion yuan, an increase of 4%, accounting for 15.8% of China's total foreign trade value. Among them, exports to ASEAN 626.68 billion yuan, up 6.8%; imports from ASEAN 406.65 billion yuan, down 0.2%.

The EU is China's second largest trading partner, China's trade with the EU total value of 833.34 billion yuan, down 0.2%, accounting for 12.7%. Among them, exports to the EU 568.26 billion yuan, an increase of 1.8%; imports from the EU 265.08 billion yuan, down 4.3%.

The United States is China's third largest trading partner, China's trade with the United States totaled 733.67 billion yuan, an increase of 3.5%, accounting for 11.2%. Among them, exports to the United States amounted to 543.13 billion yuan, an increase of 3.4%; imports from the United States amounted to 190.54 billion yuan, an increase of 3.8%.

South Korea is China's fourth largest trading partner, the total value of trade between China and South Korea was 335.51 billion yuan, down 0.1 percent, accounting for 5.1 percent. Among them, exports to South Korea 148.01 billion yuan, down 1.5%; imports from South Korea 187.5 billion yuan, up 1%.

During the same period, China to build a “Belt and Road” countries total import and export 3.33 trillion yuan, down 1%. Among them, exports 1.87 trillion yuan, up 2.4%; imports 1.46 trillion yuan, down 5.1%.

Third, private enterprises import and export growth.

In the first two months, private enterprises imported and exported 3.69 trillion yuan, an increase of 2%, accounting for 56.4% of China's total foreign trade value, 1.8 percentage points higher than the same period in 2024. Among them, exports of 2.5 trillion yuan, an increase of 1.6%, accounting for 64.2% of the total value of China's exports; imports of 1.19 trillion yuan, an increase of 2.7%, accounting for 45% of the total value of China's imports.

During the same period, foreign-invested enterprises import and export 1.91 trillion yuan, down 0.3%, accounting for 29.2% of China's total foreign trade. Among them, exports 1.08 trillion yuan, up 6.9%; imports of 829.91 billion yuan, down 8.3%. State-owned enterprises import and export 9250.4 billion yuan, down 13.4%, accounting for 14.2% of China's total foreign trade. Among them, exports amounted to 300.74 billion yuan, an increase of 6.6 per cent; imports amounted to 624.3 billion yuan, a decrease of 20.6 per cent.

Fourthly, electromechanical products accounted for 60 per cent of exports, of which automatic data-processing equipment and its parts and components, integrated circuits and automobiles grew.

In the first two months, China's exports of electromechanical products amounted to 2.33 trillion yuan, an increase of 5.4 per cent, accounting for 60 per cent of the total value of China's exports. Among them, automatic data processing equipment and its parts and components 217.68 billion yuan, an increase of 11.7%; integrated circuits 180.44 billion yuan, an increase of 13.2%; cell phones 134.08 billion yuan, a decline of 2.2%; automobiles 116.02 billion yuan, an increase of 3.7%.

During the same period, the export of labor-intensive products 608.13 billion yuan, down 8.2%, accounting for 15.7%. Among them, clothing and clothing accessories 155.74 billion yuan, down 5.8%; textiles 152.55 billion yuan, down 0.9%; plastic products 108.98 billion yuan, down 7.3%. Exports of agricultural products amounted to 109.44 billion yuan, an increase of 4.2%.