China’s exports grew at a faster-than-expected pace in July, posting their strongest gain since April, defying heightened US tariffs and underscoring continued global demand for goods from the world’s second-largest economy.
Dollar-denominated exports rose 7.2% year-on-year (YoY) in July, customs data showed on Thursday, beating economists’ forecast for a 5.4% increase.
Imports also climbed 4.1% from a year earlier, marking the fastest pace since July 2024 and reversing expectations for a 1% decline. That pushed China’s monthly trade surplus to $98.2 billion.
Shipments to the United States, however, slumped 22% YoY, deepening from a 16% drop in June, as Washington and Beijing have yet to reach a broader trade agreement. A temporary tariff truce between the two countries is set to expire on Aug. 12.
Since the start of the year, China’s exports are up 6.1% compared with the same period in 2024, while imports have fallen 2.7%. The country’s trade surplus has reached $683.5 billion through July, up 32% from a year earlier.
China’s exports grew at a faster-than-expected pace in July, posting their strongest gain since April, defying heightened US tariffs and underscoring continued global demand for goods from the world’s second-largest economy.
Dollar-denominated exports rose 7.2% year-on-year (YoY) in July, customs data showed on Thursday, beating economists’ forecast for a 5.4% increase.
Imports also climbed 4.1% from a year earlier, marking the fastest pace since July 2024 and reversing expectations for a 1% decline. That pushed China’s monthly trade surplus to $98.2 billion.
Shipments to the United States, however, slumped 22% YoY, deepening from a 16% drop in June, as Washington and Beijing have yet to reach a broader trade agreement. A temporary tariff truce between the two countries is set to expire on Aug. 12.
Since the start of the year, China’s exports are up 6.1% compared with the same period in 2024, while imports have fallen 2.7%. The country’s trade surplus has reached $683.5 billion through July, up 32% from a year earlier.
