China exports grew 6.7% in the first seven months

Data released by the General Administration of Customs of China on August 7 showed that in July, the total value of imports and exports of goods trade (hereinafter referred to as "common") was 3.68 trillion yuan, a year-on-year increase of 6.5%. Among them, exports were 2.14 trillion yuan, a year-on-year increase of 6.5%. In the first seven months of this year, my country's exports were 14.26 trillion yuan, an increase of 6.7%.

It is worth noting that in the first seven months of this year, the year-on-year growth rate of the total value of imports and exports between my country and developed economies such as the European Union and the United States has turned positive. Exports to the European Union were 2.1 trillion yuan, an increase of 1.5%; exports to the United States were 2.04 trillion yuan, an increase of 5.1%.

The data also shows that in the export product structure, mechanical and electrical products account for more than half of the share. In the first seven months, my country exported 8.41 trillion yuan of mechanical and electrical products, an increase of 8.3%, accounting for 59% of my country's total exports. Among them, the export of integrated circuits was 640.91 billion yuan, an increase of 25.8%; the export of automobiles was 462.86 billion yuan, an increase of 20.7%.

During the same period, the export of labor-intensive products was 2.43 trillion yuan, an increase of 5.1%, accounting for 17%. Among them, clothing and clothing accessories were 632.29 billion yuan, an increase of 1.6%; textiles were 574.53 billion yuan, an increase of 6%; plastic products were 437.21 billion yuan, an increase of 10%. Exports of agricultural products were 403.12 billion yuan, an increase of 4.6%.