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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
On December 8, the General Administration of Customs of the People's Republic of China released data showing that China's total foreign trade volume in goods for the first 11 months of this year amounted to 41.21 trillion yuan, an increase of 3.6% year-on-year—the same growth rate as the first 10 months. In November, import and export growth recovered to 4.1%, a positive trend that has persisted for 10 consecutive months since February.
A more detailed analysis of the latest data shows that the recovery in monthly growth rates has become a key support for the increase in import and export volumes. In November, China's exports totaled 2.35 trillion yuan, while imports reached 1.55 trillion yuan, up 5.7% and 1.7% year-on-year, respectively. Compared to the previous month, these growth rates accelerated by 6.5 and 0.3 percentage points, further demonstrating the resilience and vitality of China's foreign trade.
Private enterprises were the main driving force behind these results. According to customs statistics, in the first 11 months, imports and exports by China's private enterprises totaled 23.52 trillion yuan, an increase of 7.1% year-on-year, while the number of private companies engaged in foreign trade operations increased by 66,000 compared to the same period last year. In November, the growth rate of imports and exports accelerated by 3.9 percentage points compared to the previous month, with both exports and imports growing for nine consecutive months.
Thanks to innovative and green development, China's foreign trade competitiveness continues to strengthen. According to customs statistics, in the first 11 months of this year, China's exports of machinery and electronic products totaled 14.89 trillion yuan, up 8.8% year-on-year and accounting for 60.9% of the country's total exports. Specifically, exports of the "new three" products (new energy vehicles, lithium batteries, and photovoltaic products) and ships increased by 24.1% and 27.8%, respectively.
Currently, with the winter sports season in full swing in the Northern Hemisphere, exports of ice and snow sports products continue to grow. "In recent years, winter sports equipment has become a new growth driver for us, with orders already booked through April next year," noted Wang Jialu, head of foreign trade at Zhejiang Yuanjing Sports Goods Co., Ltd., located in Songmen Township, Wenling City. "In the first 10 months of this year, ski goggle exports reached 65 million yuan, an increase of 37.5% year-on-year. We are currently rapidly fulfilling the fifth batch of orders for the European winter season."
According to customs statistics, since the second half of this year, the growth rate of exports of skates to the countries of Central and Eastern Europe, as well as ski suits and other winter sports products to the North American market, has exceeded double digits.
With a strong manufacturing base and a comprehensive industrial system, China's economic and trade ties with its trading partners are becoming increasingly close, with emerging markets providing even greater growth.
According to data, in the first 11 months of 2025, China's foreign trade volume with ASEAN, its largest trading partner, amounted to 6.82 trillion yuan, an increase of 8.5% year-on-year. Trade volume with Africa, Latin America, and the European Union grew by 18.7%, 5.6%, and 5.4%, respectively.
Lü Dalian, Director of the Statistical Analysis Department of the General Administration of Customs, noted that China consistently adheres to the principles of open and mutually beneficial cooperation, constantly expanding bilateral ties with trading partners and promoting joint development. In the first 11 months of this year, China's trade with more than 110 countries and regions saw a simultaneous increase in exports and imports, exceeding the same period last year by more than 20 countries and regions.
Industry experts note that at the end of the year, when all areas of work are in their final stages, amid external challenges such as rising global unilateralism and protectionism, China needs to further strengthen innovation drivers, expand international cooperation, and enhance trade resilience to ensure sustainable growth in foreign trade. This will transform the accumulated positive trends into a powerful flow, providing a strong impetus for achieving annual foreign trade goals and laying a solid foundation for a successful launch of the 15th Five-Year Plan.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.