China’s exports in July exceeded market expectations in growth, while imports rose to their highest level in a year, amid the ongoing countdown to the end of the tariff truce with the U.S. Customs data showed that Chinese exports rose by 7.2 percent in July (year-on-year, in U.S. dollars).
As for imports, they increased by 4.1 percent last month compared to the same period last year—the largest increase since July 2024. On a cumulative year-on-year basis, Chinese exports jumped by 6.1 percent compared to the same period last year, while imports declined by 2.7 percent. China’s trade surplus by the end of July stood at $683.5 billion, an increase of 32 percent compared to the same period in 2024.
Source (CNBC Arabia Website, Edited)
