China's exports in yuan-denominated terms rose 2.9% year on year in July, while imports fell 5.7%, customs data showed Monday.
This led to a monthly trade surplus of 342.8 billion yuan about (51.5 billion US dollars), up 34% from one year earlier, according to figures from the General Administration of Customs (GAC).
Foreign trade in the first seven months was 3% lower than a year before, with exports down 1.6% and imports down 4.8%, according to China's (Xinhua) News Agency.
Trade surplus for the first seven months widened 8.7% from one year earlier to 1.99 trillion yuan.
Foreign trade with the European Union, China's biggest trade partner, climbed 1.8% year on year in the first seven months, GAC data showed.
In the same period, foreign trade with the United States, China's second-biggest trade partner, fell 4.8% and that with the ASEAN, its third-largest trade partner, declined 2.2%.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©