China customs data indicate 18% more exports in July

Exports from China rose 18% in July from a year earlier, the fastest pace recorded since January 2022, which beat analysts’ expectations, while imports rose 2.3%, customs data showed on Sunday, August 7th.

Analysts consulted by Reuters expected exports to rise 15% after 17.9% in June. The forecast for imports had been 3.7% after the 1% rise seen in the previous month.

Thanks to its exports, China saw a record trade surplus of US$101.26 billion in July, vis-a-vis a forecast of a US$90 billion surplus and a US$97.94 billion surplus in June.

Source: G1

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