Nation's foreign trade up sharply in July

August 9, 2022

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China's foreign trade posted strong growth in July, and the momentum in trade expansion is expected to continue in the second half of the year, industry experts said on Sunday.

The country's exports in July surged almost 24 percent year-on-year to 2.25 trillion yuan ($330 billion), while imports rose 7.4 percent to 1.56 trillion yuan, said the General Administration of Customs. Total trade in July hit 3.81 trillion yuan, up 16.6 percent from a year earlier. For the first seven months, China's imports and exports totaled 23.6 trillion yuan, rising 10.4 percent year-on-year.