China July exports rise 7.2% y/y, imports down 1.4%

China's exports in July surged 7.2% from a year earlier, while imports dropped 1.4%, customs data showed on Friday. Analysts in a Reuters poll had forecast exports would fall 0.2% from a year earlier after an unexpected 0.5% expansion in June. Imports were estimated to have climbed 1.0%, versus an increase of 2.7% in June.


Reuters | Beijing | Updated: 07-08-2020 08:52 IST | Created: 07-08-2020 08:52 IST
China July exports rise 7.2% y/y, imports down 1.4%
  • Country:
  • China

China's exports in July surged 7.2% from a year earlier, while imports dropped 1.4%, customs data showed on Friday. Analysts in a Reuters poll had forecast exports would fall 0.2% from a year earlier after an unexpected 0.5% expansion in June.

Imports were estimated to have climbed 1.0%, versus an increase of 2.7% in June. China posted a trade surplus of $62.33 billion last month, compared with the poll's forecast for a $42.00 billion surplus and $46.42 billion surplus in June.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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