7月货物贸易进出口同比增长6.7%

Core Insights - In July, China's total goods trade import and export value reached 3.91 trillion yuan, a year-on-year increase of 6.7%, marking the highest growth rate of the year [1] - For the first seven months, the total goods trade value was 25.7 trillion yuan, with a year-on-year growth of 3.5%, accelerating by 0.6 percentage points compared to the first half of the year [1] - The overall performance of foreign trade remains positive despite complex external conditions, indicating a stable economic operation [1] Trade Performance - In the first seven months, exports of mechanical and electrical products amounted to 9.18 trillion yuan, up 9.3%, accounting for 60% of total exports [1] - Key export products included integrated circuits (up 21.8%), automobiles (up 10.9%), and automatic data processing equipment and parts (up 1.1%) [1] Business Entities - Private enterprises' import and export value reached 14.68 trillion yuan, a year-on-year increase of 7.4%, representing 57.1% of China's total foreign trade, an increase of 2.1 percentage points from the previous year [1] - Foreign-invested enterprises saw a growth of 2.6% in their import and export activities [1] Trade Partners - Trade with ASEAN, EU, Africa, and Central Asia grew by 9.4%, 3.9%, 17.2%, and 16.3% respectively in the first seven months [1] - Trade with ASEAN and EU accounted for nearly 30% of China's total foreign trade [1] - Imports and exports with countries involved in the Belt and Road Initiative increased by 5.5% [1]