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China's July exports rise 23.9%, with shipments to the EU up about 16%

China's exports rose 23.9% year on year in July to about $397.9 billion, a little slower than June. Exports to the EU grew about 16%, while technology goods drove most of the gain.

China manufacturing

Customs data released on 7 August showed exports up 23.9% in dollar terms, ahead of the 22.2% forecast but below June's 27.0%. Imports rose 27.5%, and the trade surplus narrowed to $112.5 billion from $125.6 billion in June.

Technology led the way. Semiconductor exports roughly doubled in value in July, and high-tech exports were up nearly 41% over the first seven months. Exports to the EU grew by about 16% and to ASEAN by about 38%.

Not every category grew. Ceramics exports fell 28.3% in July, a reminder that the headline strength was concentrated in electronics and components rather than consumer goods.

Sources

A summary of the public sources above, checked when it was published. General information, not legal, tax or financial advice.

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