Analysis of the current situation and potential of China's foreign trade market in 2024

In November this year, China's total import and export value was 3.7 trillion yuan.

In the first 11 months, my country's general trade imports and exports were 24.58 trillion yuan, an increase of 1.6%, accounting for 64.8% of my country's total foreign trade value, an increase of 1 percentage point over the same period last year.

Mechanical and electrical products accounted for nearly 60% of exports, among which mobile phones, automobiles, and chemical raw materials exports increased. In the first 11 months, my country exported 12.66 trillion yuan of mechanical and electrical products, an increase of 2.8%, accounting for 58.6% of the total export value. Among them, mobile phones were 885.25 billion yuan, an increase of 3.3%; automobiles were 652.92 billion yuan, an increase of 79.6%, and chemical raw materials increased by 5.8%.

In addition, imports of major commodities such as iron ore, crude oil, coal, natural gas and soybeans increased. In the first 11 months, my country imported 1.078 billion tons of iron ore, an increase of 6.2%.