China’s goods foreign exchange hit 3.91 trillion yuan in July, presenting year-on-year growth of 6.7%. The growth went up 1.5% faster than the previous month, reaching the record high since this January, according to the data that the nation’s General Administration of Customs released on August 07.
Hence, the nation’s goods import and export volume of the first 7 months in 2025 totaled 25.7 trillion yuan, surging year on year by 3.5%, at a growth rate 0.6% up from that of the first 6 months.
The economy progressed steadily amid the external complexities, and the foreign trade sector maintained positive and promising momentum, expressed by Lv Daliang, the director of Statistical Analysis Department of the General Administration of Customs.
During the first 7 months of this year, the nation’s export volume of mechanical and electrical products rose year on year by 9.3% to 9.18 trillion yuan, accounting for 60% of the total export volume over the same period. In detail, the export of the integrated circuit, automobile and automatic data processing apparatus and components, increased respectively by 21.8%, 10.9% and 1.1%.
The private enterprises, from this January to this July, witnessed a year-on-year increase of 7.4% in the foreign trade volume, which stood at 14.68 trillion yuan totally. The private sector shared 57.1% of the nation’s total foreign trade, which went up 2.1% as compared with the January-July period of the previous year. The foreign-invested enterprises also recorded the growth of 2.6% in the imports and exports.
During the first 7 months, the nation’s trade with ASEAN (Association of Southeast Asian Nations) members, EU(European Union) members, African countries, Central Asian countries, respectively went up 9.4%, 3.9%, 17.2% and 16.3% on the year-on-year basis. Notably, the trade with ASEAN members and EU members generated nearly 33% of the total foreign trade value. Moreover, the imports from and exports to the economies involved in the Belt and Road Initiative surged by 5.5%.
Reference: People’s Daily
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