本报告基于瑞银证据实验室（UBS Evidence Lab）中国出口监测，将约6000个六位HS编码商品归入九大行业和112个细分领域（覆盖2024年中国出口总额的90%以上），从终端市场与行业两个维度拆解中国出口。核心结论：2026年8月中国出口同比增长25%，较7月的24%小幅加快。分行业看，科技（+61%）、汽车（+29%）和公用事业（+21%）仍是出口额增速的前三大贡献者。科技继续主导增长，半导体与面板出口额同比增幅均超260%，两者合计贡献近45%的增量出口额；汽车出口增速由7月的35%放缓至29%，主要受汽车零部件和客车动能减弱拖累；公用事业由27%放缓至21%，太阳能产品降幅扩大至-23%，风电设备转为-5%。消费品出口复苏延续，增速升至11%；工业品增速由19%小幅放缓至11%。
This report leverages UBS Evidence Lab's China Export Monitor, classifying about 6,000 six-digit HS Code goods into nine industries and 112 sectors (over 90% of China's 2024 exports), and breaks down China's exports by end market and sector. Key findings: China's exports rose 25% YoY in August 2026, edging up from 24% YoY in July. By industry, technology (up 61% YoY), autos (up 29%) and utilities (up 21%) remained the top three contributors to export value growth. Technology stayed the dominant driver, with semiconductor and panel export values both surging more than 260% YoY and together accounting for nearly 45% of incremental export value. Auto export growth eased from 35% in July to 29% YoY, mainly on slower auto parts and buses. Utilities softened from 27% to 21% YoY, with solar products down 23% and wind equipment turning to -5%. The consumer product recovery extended, with growth reaching 11% YoY, while industrial export growth slowed modestly from 19% to 11%. By destination, ex