August 22, 2019
Latest News

China's international trade grows by almost 6 percent in July

Beijing, Aug 8 (efe-epa).- China's international trade increased 5.7 percent year-on-year in July, a slowdown of 6.8 percentage points with respect to the same month in 2018, according to official data released Thursday.

The General Administration of Customs said that in the seventh month of 2019, China's foreign trade stood at 2.74 trillion yuan ($388.64 billion), as exports increased by 10.3 percent and imports by 0.4 percent.

The trade surplus was 310.26 million yuan, an increase of 75.3 percent compared to the same month last year.

Trade with the United States – with whom China has been engaged in a tense trade war since March 2018 – declined by 3.5 percent in July, with sales to the North American country dropping by 0.1 percent and purchases of US products by 14 percent.

From January to July, China's total foreign trade amounted to 17.4 trillion yuan, with exports increasing 6.7 percent and imports increasing 1.3 percent.

Trade surplus for the first seven months of 2019 stood at 1.5 trillion yuan, or 44.5 percent more than during the same period last year.

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