研究报告全文：InvestmentconsultingbusinessqualificationSECLicense2012No669ChinaAugusttradedatacommentary中国8月外贸数据点评LiuDaoyuQualificationNoF3061482ConsultingNoZ0016422GuiChenxiQualificationNoF3023159ConsultingNoZ001363220230907DATAAugustexpectedJulyJuneMayExportUSDYoY-88-95-145-124-71ImportUSDYoY-73-82-124-69-461出口弱稳8月中国出口金额美元环比增长12为季节性回升低基数效应导致其同比增速回升57个百分点至-88年内海外需求仍偏弱预计中国出口维持弱稳2进口改善8月中国进口额显著改善主要原因是原材料补库带动大宗商品进口金额环比增加109亿美元次要原因是国内需求温和改善带动机电产品进口环比增加25亿美元1WeakbutstableexportsInAugustChinasexportvalueincreasedby12MoMindicatingaseasonalreboundthelowbaseeffectcauseditsYoYgrowthratetoreboundby57to-88InthecomingmonthsChinaexportsmayremainweakbutstable2ImprovedImportChinasimportincreasedinAugustmainlyduetoaMoMincreaseof109billionUSDinbulkcommodityimportsdrivenbyrawmaterialrestockingthesecondaryreasonisthatthemildimprovementindomesticdemanddrovetheimportofmechanicalandelectricalproductstoincreaseby25billionUSDmonthonmonthExportValueYoYImportValueYoYExportValue100millionUSDImportValue100millionUSD2540002530002020350025001515103000102000552500150000-52000-51000-10-101500500-15-15-201000-200Jan-20Jan-21Jan-22Jan-23Jan-20Jan-21Jan-22Jan-23SourcesWindCITICSFImportantReminderThisreportisnotaserviceunderthefuturestradingconsultingbusinessandtheopinionsandinformationprovidedareforreferenceonlyanddonotconstituteinvestmentadvicetoanyoneCITICFuturesdonotconsiderrelevantpersonnelasclientduetotheirattentionreceiptorreadingofthecontentofthisreport重要提示本报告难以设置访问权限若给您造成不便敬请谅解我司不会因为关注收到或阅读本报告内容而视相关人员为客户市场有风险投资需谨慎DisclaimerUnlessotherwisespecifiedCITICFuturesCoLtdpossessesthecopyrightandorotherrelatedintellectualpropertyrightsofthisreportWithoutauthorizationnocontentofthisreportmaybesentorcopiedCITICFuturesCoLtdmakesnoexpressorimpliedwarrantiesregardingtheaccuracyreliabilitytimelinessorcompletenessoftheinformationviewpointsanddatacontainedinthisreportThisreportdoesnotconstituteanypersonalconsultationoradvicegiventoyoubyCITICFuturesCoLtd免责声明除非另有说明中信期货有限公司拥有本报告的版权和或其他相关知识产权未经授权不得发送或复制本报告任何内容中信期货有限公司对于本报告所载的信息观点以及数据的准确性可靠性时效性以及完整性不作任何明确或隐含的保证此报告并不构成中信期货有限公司给予阁下的任何私人咨询建议