According to the information of the press conference held by the State Council Information Office on July 14, the General Administration of Customs announced the import and export situation of China's trade in goods in the first half of the 2025 year. In the first half of China's total trade in goods amounted to 21.79 trillion yuan, an increase of 2.9%. It is worth noting that, despite the complex and volatile international trade environment, China's foreign trade is still showing strong resilience, realizing a steady growth in scale, continuous improvement in quality, and the risk of effective and controllable.
Customs statistics show that in the first half of 2025, China's exports totaled 13 trillion yuan, a year-on-year increase of 7.2%; imports totaled 8.79 trillion yuan, a year-on-year decline of 2.7%.With the arrival of June, China's imports and exports, exports and imports of the three indicators of the year-on-year growth of positive growth, the growth rate also showed a significant upturn.
From the composition of the main body of trade, private enterprises in the first half of the import and export amounted to 12.48 trillion yuan, an increase of 7.3%, accounting for 57.3% of the country's total foreign trade, an increase of 2.3 percentage points over the same period last year. At the same time, foreign-funded enterprises import and export amounted to 6.32 trillion yuan, up 2.4% year-on-year, has been five consecutive quarters to maintain the growth trend. As of now, the number of foreign-funded enterprises with actual import and export operations in China has reached 75,000, hitting the highest level since 2021 for the same period.
Analyzing from the perspective of trade partners, in the first half of the year, China's trade with the European Union amounted to 2.82 trillion yuan, an increase of 3.5%, with an average daily trade volume of more than 15 billion yuan, which is equivalent to the total volume of trade in the early years of diplomatic relations for an entire year. Trade with other BRICS countries and partner countries amounted to 6.11 trillion yuan, up 3.9% year-on-year, accounting for 28.1% of the total value of China's foreign trade.At the same time, trade with countries along the "Belt and Road" amounted to 11.29 trillion yuan, up 4.7% year-on-year, accounting for 51.8% of the total value of foreign trade. 51.8%.
In addition, the General Administration of Customs (GAC) highlighted the specifics of U.S.-China trade in the first half of 2025.
In the first half of 2025, the total bilateral trade between China and the U.S. amounted to 2.08 trillion yuan, a year-on-year decline of 9.3%.Among them, China's exports to the U.S. amounted to 1.55 trillion yuan, a decline of 9.9%, and imports from the U.S. amounted to 530.35 billion yuan, a decline of 7.7%.The change was mainly influenced by the so-called "reciprocal tariffs This change is mainly due to the so-called "reciprocal tariffs" policy implemented by the United States, resulting in the U.S.-China trade from the first quarter of the year-on-year growth to the second quarter of the year-on-year decline, a drop of up to 20.8%.
It is worth paying attention to is that with the recent Geneva and London economic and trade talks have made positive progress, China and the United States trade has shown signs of warming up. bilateral trade in June from less than 300 billion yuan in May rebounded to more than 350 billion yuan, the year-on-year rate of decline has also significantly narrowed.
At present, the Chinese and United States teams are actively implementing the relevant outcomes of the London framework. China emphasizes that it was not easy to reach the Geneva Consensus and the London framework, and that mutual threats and pressure are not the way to solve problems; only dialogue and cooperation are the right way forward. We expect the United States side to work hand in hand with the Chinese side to establish cooperation as the main theme of China-United States economic and trade relations, and to jointly promote the return of the global trading system to the right track of fairness and openness, so as to make a positive contribution to global economic recovery and growth.
If you need to know more about international trade dynamics or seek professional logistics services, welcome to contact Xindashun International Logistics (Shenzhen) Co.
Author: Kim
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