In July, China’s export volume increased by 7.2% year-on-year — the highest growth since April — reaching $321.8 billion, according to China’s General Administration of Customs.
Imports grew by 4.1% year-on-year — the highest increase in a year — reaching $223.5 billion. The purchase volume hit a five-month high. In June, exports rose by 5.8% and imports by 1.1%.
In July, exports to Japan grew by 2.4%, to European Union countries by 9.2%, to South Korea by 4.6%, to ASEAN countries by 16.6%, and to Australia by 14.8%. Meanwhile, shipments to the United States fell by 21.7%.
From January to July, China’s exports increased by 6.1%, reaching $2.13 trillion. Exports to ASEAN countries rose by 0.2%, and to South Korea by 0.3%. Exports to the United States declined by 10.3%, to Russia by 7.7%, to India by 7.1%, and to the United Kingdom by 5.2%.
Shipments of agricultural products increased by 1.8%, fertilizers by 49.3%, and ships by 15.5% over the seven-month period.
China’s imports from January to July declined by 2.7%, totaling $1.45 trillion. Imports decreased from the United States (-9.3%), European Union countries (-4.2%), and Russia (-6.7%), while imports from ASEAN countries grew by 1.3%.
China’s positive trade balance in July rose to $98.23 billion, up from $85.27 billion in the same month of 2024.
The trade surplus for the seven-month period totaled $683.5 billion.
