The export growth rate in my country in July is generally expected to expand the trade surplus of 81.5%

my country's export growth rate in July Super Market is generally expected

The trade surplus was 1012.6 billion US dollars, an enlarged 81.5%, a record high

The growth rate of my country's import and exports has accelerated further.

On August 7, the General Administration of Customs announced that according to the US dollar, the total value of my country's import and export in July was US $ 564.66 billion, a year -on -year increase of 11%. Among them, exports were US $ 332.96 billion, a year -on -year increase of 18%; imports were 231.7 billion US dollars, a year -on -year increase of 2.3%; trade surplus was 101.26 billion US dollars, an increase of 81.5%, a record high.

In July, the total value of my country's imports and exports was 3.81 trillion yuan in July, a year -on -year increase of 16.6%. Among them, exports were 2.25 trillion yuan, a year -on -year increase of 23.9%; imports were 1.56 trillion yuan, a year -on -year increase of 7.4%; trade surplus was 682.69 billion yuan, an increase of 90.9%.

Li Kuiwen, director of the Department of Statistics and Analysis of the General Administration of Customs, said that in July, my country imported 1.17 trillion yuan to RCEP trading partners, an increase of 18.8%year -on -year, and the overall import and export increased by 5.6 percentage points. RCEP officially implemented this year, further deepening the regional economic interconnection and trade investment cooperation, and provided new momentum for regional economic recovery and development.

Pang Ye, chief economist and director of the research department of the Digang Federation of Digging, said in an interview with a reporter from the Securities Daily that whether it is exported or imported items, or to major trade objects such as ASEAN, the European Union, the United States, etc. According to the data, in July, the Chinese foreign trade structure showed signs of better rebound recovery.

The export growth rate in July exceeded market expectations. "In July, the export growth rate was high. One of the reasons was that the base was lower in the same period last year, and the growth rate of this year was pushed up this year." Wang Qing, chief macro analyst of Dongfang Jincheng, told the Securities Daily reporter that in July, China, my country The exports of the European Union, ASEAN and India have been high year -on -year. In addition, the rise in export products is also an important factor in supporting the rapid growth of exports.

At present, the main export destinations such as the United States and Europe are experiencing high inflation, driving the price of major export goods in my country. Trade data in July showed that the growth rate of shoes, boots and steel exports was significantly higher than the growth rate of exports; in the context of rising international oil prices, the export volume of refined oil products decreased significantly year -on -year, and exports increased significantly year -on -year.

From imports, the growth rate of imports in July increased slightly. Wang Qing believes that this is mainly due to the significant sinking base in the same period last year. The low increase in imports is also related to the weaker demand for upstream commodities in the country. In addition, the recent decline in the price experience of commodity commodities has formed a certain suppression of my country's imports.

In the later period, in terms of exports, Pang Yan said that under the circumstances that there is still quite uncertainty in foreign demand, my country's foreign trade exports are still expected to maintain a certain toughness. In the short term Trends and structural advantages can still drive foreign trade exports and buffer downward pressure on export growth.

In terms of imports, Wang Qing expects that with the recent rounds of international commodity prices such as crude oil, the cost of imports will decline, and my country's import cost will decline, which will form a certain inhibitory effect on the growth rate of imports. In addition, considering that the domestic economic restoration will be milder in the second half of the year, and the probability of great increase in import demand is not high. It is expected that imports in the second half of the year will continue the low growth rate.

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