China's July Exports Rise 23.9% as Typhoons Cut Trade Surplus to $112.5 Billion
Updated
Updated · The Associated Press · Aug 7
China's July Exports Rise 23.9% as Typhoons Cut Trade Surplus to $112.5 Billion
3 articles · Updated · The Associated Press · Aug 7
Summary
$112.5 billion — China’s July trade surplus narrowed from $125.6 billion in June as export growth slowed to 23.9% year on year from 27%.
Typhoon-driven port disruptions helped cool trade flows, while imports still rose 27.5% from a year earlier, though down from June’s 36% increase.
High-tech demand kept overall trade elevated: January-July exports of high-tech goods jumped nearly 41%, vehicles rose 55%, and electronics and machinery gained 26%.
China’s trade mix kept shifting toward advanced manufacturing, with exports to the U.S. up just 2.6% in the first seven months versus nearly 17% to the EU and 25% to Southeast Asia.