China’s exports up in July on stronger US, global demand

Exports to the US rose 12.5% in July from a year ago, the fastest rise since 2018. - Reuters

BEIJING (Bloomberg): China’s exports rose in July as economic activity in the rest of the world recovered and shipments to the US jumped, while imports unexpectedly contracted due to falling commodity prices and the ongoing fragility of China’s own recovery.

Exports rose 7.2% in dollar terms in July from a year earlier, while imports fell 1.4%, the customs administration said Friday (Aug 7). That widened the trade surplus to US$62.33 billion in the month. Economists had forecast that exports would fall by 0.6% while imports would increase by 0.9%.