> 数据图表如何了解1.6 外贸：贸易逆差创近21个月新低 持续降低中国商品占比2025-9-11.6 外贸：贸易逆差创近21个月新低 持续降低中国商品占比来源：Wind、iFinD、方正中期研究院整理✓ 特朗普关税政策再见成效，6月美国贸易逆差继续缩减至601.77亿美元，创2023年10月以来新低。其中，商品贸易逆差规模收窄11.7%，服务贸易顺差规模扩张0.2%。需要警惕的是，中国占美国进口商品比重继续下滑。6月中国对美国商品出口贸易额录得189.49亿亿美元，占美国进口商品比重为7.2%，今年以来逐月回落，而在今年1月依然能达到7.2%。墨西哥和加拿大继续保持美国商品供应前两位，虽有微降，但6月依然分别能达到16.9%和11.2%，对美国形成巨额贸易顺差，这也是特朗普对北美两国分别征收30%和35%高额关税的原因。与此同时，越南对美商品出口占比大幅攀升，从今年1月4.9%连续攀升至6月6.7%，已经逼近中国7.2%，主要由于产业外迁和转口贸易所致。随着美国持续打压中国外贸以及产业链“中国＋1”战略，或许在今年下半年越南对美商品出口占比就会超越中国。19墨西哥加拿大2025年6月2025年5月2025年4月2025年3月2025年2月2025年1月20242023202220212020201920182017201620152014201320122011201016.9%17.5%15.8%18.1%15.7%15.7%14.8%15.2%13.8%13.4%13.8%14.2%13.4%13.3%13.3%13.0%12.4%12.2%12.0%11.7%11.9%11.2%11.4%11.1%13.5%13.2%14.5%13.4%13.5%13.4%12.5%11.5%12.7%12.5%12.7%12.6%13.0%14.6%14.5%14.1%14.1%14.3%中国7.2%7.7%9.6%11.1%11.9%15.7%14.2%13.8%16.4%17.7%18.4%17.9%21.1%21.4%21.0%21.3%19.6%19.2%18.5%17.8%18.8%2010-2025年美国商品进口来源国占比德国爱尔兰越南日本韩国印度英国法国巴西荷兰4.2%5.0%5.0%5.9%4.8%5.2%5.2%5.1%4.5%4.7%4.9%5.1%4.9%5.0%5.2%5.5%5.2%5.0%4.7%4.4%4.3%2.5%5.1%4.1%11.6%5.8%5.1%2.8%2.7%2.5%2.6%2.8%2.5%2.2%2.1%2.1%1.7%1.4%1.4%1.4%1.8%1.7%6.7%6.0%5.6%5.6%4.5%4.9%4.4%3.7%3.9%3.6%3.4%2.6%1.9%2.0%1.9%1.7%1.3%1.1%0.9%0.8%0.8%4.5%4.5%5.1%5.1%4.2%4.8%4.7%4.7%4.5%4.7%5.1%5.7%5.6%5.8%6.0%5.8%5.6%6.0%6.4%5.8%6.2%4.3%4.3%3.7%4.6%3.4%4.0%4.2%3.7%3.5%3.3%3.2%3.1%2.9%3.0%3.2%3.2%2.9%2.7%2.6%2.5%2.5%3.5%3.6%3.8%4.2%3.2%3.1%2.8%2.7%2.6%2.6%2.2%2.3%2.1%2.1%2.1%2.0%1.9%1.8%1.8%1.6%1.5%2.0%1.8%1.8%2.7%2.1%2.3%2.2%2.1%2.0%2.0%2.1%2.5%2.4%2.3%2.5%2.6%2.3%2.3%2.4%2.3%2.6%1.8%1.9%2.5%2.9%1.8%1.9%1.8%1.9%1.8%1.8%1.8%2.3%2.1%2.1%2.1%2.1%2.0%2.0%1.8%1.8%2.0%1.4%1.6%1.2%1.5%1.3%1.4%1.4%1.3%1.2%1.1%1.0%1.2%1.2%1.3%1.2%1.2%1.3%1.2%1.4%1.4%1.2%0.9%1.4%1.3%1.5%1.0%1.2%0.9%1.2%1.1%1.2%1.2%1.2%1.0%0.8%0.7%0.7%0.9%0.8%1.0%1.0%1.0%方正中期期货综合其他
