Foreign Trade Rises By Over 16 Percent In First 7 Months

- Aug 14, 2018 -


China maintained strong foreign trade growth of 16.4 percent year-on-year in the first seven months of the year, reaching $2.61 trillion, amid intensified trade friction with the United States over tariff increases.

The country's exports rose 12.6 percent year-on-year to $1.39 trillion in the January-July period while imports grew 21 percent to $1.22 trillion, the General Administration of Customs said on Wednesday.

In July, exports rose 12.2 percent year-on-year to $215.57 billion, while imports jumped 27.3 percent to $187.52 billion.


The country's trade with major trading partners saw an increase between January and July. Trade with the European Union and ASEAN countries respectively climbed 13.2 percent and 19.7 percent year-on-year.

Bilateral trade between China and the US rose 12.9 percent year-on-year to $356.56 billion. Their trade volume amounted to $54.98 billion in July, with China's exports jumping 13.3 percent from the same month a year earlier to $41.54 billion.


China maintained strong foreign trade growth of 16.4 percent year-on-year in the first seven months of the year, reaching $2.61 trillion, amid intensified trade friction with the United States over tariff increases.

The country's exports rose 12.6 percent year-on-year to $1.39 trillion in the January-July period while imports grew 21 percent to $1.22 trillion, the General Administration of Customs said on Wednesday.

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