7月数据出炉，出口同比增长8%

Core Insights - China's total goods trade value for the first seven months reached 25.7 trillion yuan, a year-on-year increase of 3.5% [1] - Exports amounted to 15.31 trillion yuan, growing by 7.3%, while imports were 10.39 trillion yuan, showing a decline of 1.6% [1] Trade Performance - In July, the total goods trade value was 3.91 trillion yuan, reflecting a year-on-year growth of 6.7% [2] - Exports in July were 2.31 trillion yuan, up by 8%, and imports were 1.6 trillion yuan, increasing by 4.8% [2] Product Categories - Exports of electromechanical products reached 9.18 trillion yuan, a growth of 9.3%, accounting for 60% of total exports [3] - Exports of labor-intensive products decreased by 0.8% to 2.41 trillion yuan, representing 15.7% of total exports [3] - Agricultural product exports grew by 2.9% to 414.66 billion yuan [3] Trade Partners - ASEAN remained China's largest trading partner with a trade value of 4.29 trillion yuan, up by 9.4% [4] - The EU was the second-largest partner with a trade value of 3.35 trillion yuan, increasing by 3.9% [4] - Trade with the US decreased by 11.1% to 2.42 trillion yuan [4] Enterprise Performance - Private enterprises' imports and exports totaled 14.68 trillion yuan, a growth of 7.4%, making up 57.1% of total foreign trade [5] - Foreign-invested enterprises had a trade value of 7.46 trillion yuan, increasing by 2.6% [5] - State-owned enterprises saw a decline in trade value by 8.8% to 3.49 trillion yuan [5]