In July, The Total Value Of Imports And Exports Was 2 Trillion And 740 Billion Yuan, An Increase Of 5.7% Over The Same Period Last Year.

In August 8th, the General Administration of Customs released data showing that in the first 7 months of this year, the total value of imports and exports of China's goods trade was 17 trillion and 410 billion yuan, an increase of 4.2% over the same period last year (the same below). Among them, exports were 9 trillion and 480 billion yuan, an increase of 6.7%; imports of 7 trillion and 930 billion yuan, an increase of 1.3%; trade surplus of 1 trillion and 550 billion yuan, an expansion of 47.4%.


In July, China's import and export value was 2 trillion and 740 billion yuan, an increase of 5.7%. Among them, exports were 1 trillion and 530 billion yuan, an increase of 10.3%; imports of 1 trillion and 210 billion yuan, an increase of 0.4%; trade surplus of 310 billion 260 million yuan, an expansion of 79%.


"The growth rate of exports in July is higher than expected or is related to the continuation of the export grab in June, and the time window effect brought about by the temporary easing of Sino US trade relations after the G20 meeting. The sustainability and trend are not high." Liu Yaxin, an analyst with China Merchants Securities, told reporters.


Qin Tai, a senior analyst at Shen Wan Hongyuan, told reporters that from the perspective of export commodity structure, the external demand of consumer goods is still relatively stable. Meanwhile, the increase in demand for capital goods and intermediate goods shows that global manufacturing activity has been warmer, and there is no need to be overly pessimistic about the follow-up export situation.


"In terms of imports, the growth rate of imports in July was 0.4%, slightly better than expected, and continued to be significantly lower than exports. The growth rate of imports rebounded on the basis of last year's high base, which may reflect stable domestic demand and marginal improvement." Liu Yaxin said that imports of iron ore, copper and soybeans were significantly higher than the year-on-year growth rate.