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2018年以来中美之间发生了较多转口贸易
2018年以来中美之间发生了较多转口贸易
行业数据
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图片格式：PNG
图片大小：545KB
图片尺寸：2268*1825
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所属报告：
2025年中国宏观经济展望：坐看云起时-241231（33页）.pdf
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从数据来看，2018 年以来，虽然中国在美国进口的份额由 21.5%降至 13.5%，但是我们看到中国在全球贸易中的占比不降反升，由 13.2%抬升至 15%，这表明中美贸易并未脱钩，而是产生了更多的转口贸易。从中国对东南亚出口激增，美国从东南亚进口激增也可以看出这种转口贸易的存在。
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2025年中国宏观经济展望：坐看云起时-241231（33页）.pdf
2025年宏观经济预测
2025年美国GDP增速预测（彭博一致预期，Q1为年内低点）
中美经济周期走势具有较强的一致性
房地产市场仍然处在调整之中
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2025-05-30
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