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China's Export Increases Sharply
China's export had reached 136 billion U.S. dollars from January to July, an increase of 35.8 percent over the same period last year, according to statistics released by China's General Administration of Customs Wednesday.
In July alone, the figure was 41 billion U.S. dollars, soaring 24.1 percent over a year ago.
China's imports and exports had reached 257.6 billion U.S. dollars in the first seven months, an increase of 36.3 percent on a yearly basis. China's imports stood at 121.6 billion U.S. dollars, 36.8 percent more than a year ago.
China's trade surplus was 14.4 billion U.S. dollars from January to July.
The increase in China's exports in July slowed down mainly due to a sharp increase of China's export from July last year, a local analyst said, predicting that the growth of China's exports in the coming months will continue to slide.
The top four destinations for China's exports from January to July were the United States, Hong Kong, Japan and the European Union (EU). China had exported commodities worth 96.27 billion U.S. dollars to the four regions, accounting for 71 percent of China's
total exports.
China's export to the U.S., HK, Japan and the EU increased 29 percent, 31.9 percent, 33.3 percent and 35.8 percent, respectively.
Among export commodities, primary products including crude and refined oil, sea products and grain had increased by 30.2 percent, while the growth rate for industrial products was 36 percent.
Industrial products include mechanical and electronic products, garments, furniture and steel.
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