In July this year, China’s total foreign trade value amounted to $403.08 billion, indicating a year-on-year rise of 18.8 percent, as announced by the Chinese customs authorities on August 8. In the given month, the total value of China’s exports amounted to $215.57 billion, increasing by 12.2 percent year on year, while Chinese imports totaled $187.52 billion in value, rising by 27.3 percent year on year, resulting in a trade surplus of $28.05 billion.
In the January-July period of the current year, China’s total foreign trade value amounted to $2.6 trillion, up 16.4 percent year on year. In the given period, the total value of China’s exports amounted to $1.4 trillion, up 12.6 percent, while the value of its imports rose by 21.0 percent year on year to $1.22 trillion, resulting in a trade surplus of $166.1 billion in the given period.