Export Performance - In July, exports showed resilience with a year-on-year increase of 7.2% compared to 5.9% in the previous month, while imports rose by 4.1% from 1.1%[1] - Cumulative export value from January to July increased by 6.1% year-on-year, up from 5.9%, while cumulative imports decreased by 2.7%, an improvement from a decline of 3.8%[1] - The trade surplus in July was $98.24 billion, down from $114.75 billion in the previous month[1] Price and Quantity Indices - The export price index reached 100.5, up from 98.7, marking a recovery since May 2023, while the export quantity index was 106.7, down from 107.7[1] - The import price index slightly increased to 99.3 from 99.2, with the import quantity index rising to 103.0 from 98.7[1] Product Structure - Cumulative export value of electromechanical products rose by 8.1%, accounting for 60.0% of total exports, while high-tech products increased by 6.0%, making up 24.2%[2] - Integrated circuit exports surged by 20.5%, and automotive exports (including chassis) grew by 9.7%, while household appliances and mobile phones saw declines of -0.4% and -10.5%, respectively[2] Regional Export Trends - Exports to the U.S. fell by 12.6%, while exports to ASEAN and the EU increased by 13.5% and 7.0%, respectively[3] - The share of exports to the U.S. was 11.8%, while ASEAN accounted for 17.7% and the EU for 14.9% of total exports[3] Investment Insights - The report highlights the resilience of Chinese exports supported by diversification in destinations and product structure upgrades[4] - Risks include fluctuating U.S. tariff policies and insufficient global demand recovery[5]
7月进出口数据的变与不变
Yong Xing Zheng Quan·2025-08-08 05:11