According to the statistics released by China's General Administration of Customs, China's total trading volume in July amounted to $200.21 billion, down 19.4 percent over the same period last year but up 9.6 percent month on month. Exports in July decreased 23 percent year on year to $105.42 billion, while imports were down 14.9 percent to $94.79 billion. With the July figures China's trading volume has posted an increase for the fifth straight month.
China's trading volume for the first seven months of the current year totaled $1.14671 trillion in value, down 22.7 percent year on year. Meanwhile, Chinese exports for the period in question came to $627.1 billion, down 22 percent year on year, while imports amounted to $519.61 billion, down 23.6 percent. China's total trade surplus for the period stood at $107.49 billion, down 12.4 percent year on year.
In the January-July period, the value of trade between China and the European Union, its biggest trading partner, totaled $192.73 billion, down 20.7 percent year on year. The trading volume between China and the US during the period in question was worth $158.68 billion, down 16.1 percent year on year. Finally, Japan continued to be China's third largest trading partner, with bilateral trade falling 22.6 percent year on year to $119.9 billion. In addition, the trading value between China and ASEAN countries reached $107.43 billion, down 22.4 percent year on year.