2024 foreign trade report card bright, 2025 China's exports will be how to renew the glory?

Release Date:2025-01-08

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Hello, friends! Happy New Year! Today is the first working day of 2025. Let us review the foreign trade export data of 2024 and look forward to the new trends in 2025!

1. China's overall foreign trade performance in 2024 is impressive

Customs data show that in the first 11 months of 2024, the total value of China's import and export of goods reached 39.79 trillion yuan, an increase of 4.9% compared with the same period last year. Among them, exports performed particularly well, reaching 23.04 trillion yuan, with a growth rate of 6.7%; imports also reached 16.75 trillion yuan, an increase of 2.4%. This report card fully demonstrates the resilience and vitality of China's foreign trade.

Let's focus on Zhuzhou, a major export center. In the first 11 months of 2024, the total import and export value of Zhuzhou reached 22.6 billion yuan, an increase of 27.1% over the same period last year. Exports in particular reached 17.15 billion yuan, with an astonishing growth rate of 36.6%, ranking first in the province. Imports also reached 5.45 billion yuan, an increase of 4.4%. Zhuzhou's foreign trade export performance is undoubtedly a microcosm of China's overall improvement in foreign trade.

2. Exports of certain industries have been pleasantly surprised

When it comes to exports in specific industries, there are even more surprises. From January to November 2024, China's new energy vehicle production and sales were booming, with production reaching 11.345 million units and sales reaching 11.262 million units, up 34.6% and 35.6% year-on-year respectively. New energy vehicle sales have steadily exceeded 40% of total new car sales, and the "new three" are even more powerful, with annual exports directly exceeding the trillion yuan mark. This truly demonstrates the green and low-carbon competitive advantages of China's manufacturing industry in the global industrial chain and supply chain.

In the first 11 months of 2024, Zhuzhou's exports of electromechanical products and high-tech products also soared. The export of electromechanical products was 12.1 billion yuan, an increase of 43.5%; the export of high-tech products was 2.79 billion yuan, an astonishing increase of 167.8%. These data fully demonstrate that China's export strength in the field of high-tech products is constantly increasing.

3. Yiwu's foreign trade exports have achieved great results again

Yiwu, a master of foreign trade exports, also delivered impressive results in the first 11 months of 2024. The total export value soared to 613.99 billion yuan, a year-on-year increase of 17.6%, exceeding the total value of last year early, setting a new historical height. Yiwu's foreign trade export performance once again proved its important position in global trade.

4. Shandong’s “10,000 Enterprises Going Abroad” Plan is in full swing

On the morning of January 1, 2025, Shandong started the first train of the 2025 "Ten Thousand Enterprises Going to Sea, Shandong Trade Globally" program. The train was fully loaded with our characteristic and advantageous products, such as auto parts and tires with a value of more than 15 million yuan. This train goes west and will reach Kazakhstan and Uzbekistan in 7 days. At the same time, the first flight to the sea in the province took off from Yantai, and the first cargo ship set sail from Qingdao.

Shandong's current operation focuses on emerging markets such as Latin America, the Middle East, Africa, Russia, and Central Asia, and aims to promote more than 10,000 companies to go overseas to expand markets, increase orders, and stabilize market share. The Shandong Provincial Department of Commerce will also implement the "10,000 Enterprises Going Overseas, Shandong Trade Global" international market development action, introduce a series of foreign trade support policies, intensify efforts to expand emerging markets, and focus on stabilizing traditional markets.

5. Zhejiang builds an international hub province for cross-border e-commerce

Zhejiang has clearly proposed to build a high-level cross-border e-commerce international hub province, striving to double the scale of cross-border e-commerce exports by 2027 compared with 2024, and double it again by 2030. At the same time, Zhejiang will promote the expansion and transformation of Jinhua Railway Hub, innovate business models, increase operating routes, strive to run full-time schedule trains on a regular basis, and increase the integration of "China-Europe Express + cross-border e-commerce". This move will undoubtedly further enhance Zhejiang's competitiveness in the global cross-border e-commerce field.

VI. Guangdong introduces trade facilitation measures

The Guangdong Branch of the General Administration of Customs also issued the "Twenty Measures for Guangdong Customs to Support Guangdong in Further Improving the Level of Trade Facilitation and Promoting the Quality and Quantity of Foreign Trade". These measures focus on supporting Guangdong's high-level opening up to the outside world, supporting the high-quality development of Guangdong's key industrial chains and supply chains, helping to cultivate new momentum for foreign trade development, helping enterprises reduce costs and increase efficiency, and continuously improving the level of customs clearance facilitation. The introduction of these measures will provide more powerful support for Guangdong's foreign trade exports.

How about it, friends? After listening to these new developments in foreign trade exports, do you feel that the future of China's foreign trade is bright? The report card in 2024 is already impressive enough, and how will China's foreign trade continue to write brilliant achievements in 2025? Let's look forward to it together!

With the continuous development and changes of the global economy, China's foreign trade will also face more opportunities and challenges. However, as long as we adhere to the development concept of innovation-driven, open and cooperative, and continuously improve our competitiveness and adaptability, we will surely occupy a more important position in global trade. Let us work together to boost the future development of China's foreign trade!

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