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Data released by the General Administration of Customs on December 8 showed that in the first 11 months of 2025, China’s total value of goods trade imports and exports amounted to 41.21 trillion yuan, representing a 3.6% increase on a year-on-year basis. Of this, exports amounted to 24.46 trillion yuan, representing a growth of 6.2% ； Imports amounted to 16.75 trillion yuan, a rise of 0.2%. In November, the growth rate of China’s goods trade picked up, with the total value of imports and exports reaching 3.9 trillion yuan, a rise of 4.1%. Of this, exports amounted to 2.35 trillion yuan, a rise of 5.7% ； Imports amounted to 1.55 trillion yuan, an increase of 1.7%. In the first 11 months, China’s imports and exports under general trade amounted to 26.04 trillion yuan, representing a 2.1% increase; this accounted for 63.2% of the country’s total foreign trade volume ； Import and export under processing trade amounted to 7.74 trillion yuan, a increase of 7.3%, accounting for 18.8% ； Imports and exports via bonded logistics amounted to 5.92 trillion yuan, representing a 5.5% increase and accounting for 14.4% of the total. In the first 11 months, ASEAN was my largest trading partner; my trade volume with ASEAN amounted to 6.82 trillion yuan, representing a growth of 8.5%, and accounting for 16.6% of my total foreign trade volume. The EU is my second-largest trading partner; my total trade volume with the EU amounted to 5.37 trillion yuan, representing a 5.4% increase, and accounting for 13% of my total foreign trade volume. The United States is my third-largest trading partner; our total trade volume with the U.S. amounted to 3.69 trillion yuan, a decrease of 16.9%, accounting for 8.9% of my total foreign trade volume. During the same period, China’s total imports and exports related to the joint development of the Belt and Road Initiative amounted to 21.33 trillion yuan, representing a growth rate of 6%. Mechanical and electrical products account for over 60% of exports, with significant growth in the export of integrated circuits and automobiles. In the first 11 months, China exported mechanical and electrical products worth 14.89 trillion yuan, a increase of 8.8%, accounting for 60.9% of the total value of China’s exports. Among them, automatic data processing equipment and their parts amounted to 1.31 trillion yuan, a decrease of 1.3% ； Integrated circuits: 1.29 trillion yuan, a growth of 25.6% ； Automobiles: 896.91 billion yuan, a growth of 17.6%. During the same period, exports of labor-intensive products amounted to 3.7 trillion yuan, a decrease of 3.5%, accounting for 15.1% of China’s total export value. Among them, clothing and accessories accounted for 987.26 billion yuan, a decrease of 3.7% ； Textiles: 931.33 billion yuan, a 1.7% increase ； Plastic products amounted to 677.6 billion yuan, a decrease of 0.5%. Exports of agricultural products amounted to 670.21 billion yuan, an increase of 2%. Import prices of major commodities declined, while the value of imports of mechanical and electrical products increased. In the first 11 months, China imported 1.139 billion tons of iron ore, a 1.4% increase, while the average import price dropped by 9.4% ； 522 million tons of crude oil, an increase of 3.2%, with an average price drop of 12.1% ； Coal: 432 million tons, a 12% decrease, with an average price drop of 23.9% ； Natural gas: 114 million tons, a decrease of 4.7%; the average price dropped by 9.4% ； Soybeans: 104 million tons, a 6.9% increase, with an average price drop of 10.7% ； Finished oil products amounted to 38.433 million tons, a decrease of 14.5%, with an average price drop of 4.9%. In addition, 24.281 million tons of plastic in primary forms were imported, a decrease of 7.8%, with an average price drop of 0.8% ； Unworked copper and copper products amounted to 4.883 million tons, a decrease of 4.7%, while the average price rose by 6.4%. During the same period, imports of mechanical and electrical products amounted to 6.69 trillion yuan, an increase of 5.5%.