Beijing - Saba: China's exports in July exceeded market expectations, while imports rose to their highest level in a year, as the countdown to the end of the tariff truce with the United States continues.
Customs data released Thursday showed that Chinese exports rose 7.2% in July (year-on-year, in US dollars), exceeding economists polled by Reuters who had expected growth of 5.4%.
Imports rose 4.1% last month compared to the same period the previous year, the largest increase since July 2024, according to data from the International Customs Service (ISS). These figures show a recovery in import levels after a slight increase of 1.1% in June.
Customs data released Thursday showed that Chinese exports rose 7.2% in July (year-on-year, in US dollars), exceeding economists polled by Reuters who had expected growth of 5.4%.
Imports rose 4.1% last month compared to the same period the previous year, the largest increase since July 2024, according to data from the International Customs Service (ISS). These figures show a recovery in import levels after a slight increase of 1.1% in June.