China's July exports increased 19% from last year Against the backdrop of demand for nesting

China's exports last month increased 19% compared to the same month last year, partly due to increased exports to the United States and Europe.

According to last month's trade statistics released by Chinese customs officials on the 7th, the total trade value of exports and imports was $ 508.74 billion, an increase of 23.1% from the same month last year.

Of this, exports amounted to $ 282.66 billion, an increase of 19.3%.

This is due to the fact that vaccinations are progressing in major export destinations such as the United States and Europe, and demand is recovering, and that exports of electronic devices continue to increase against the backdrop of the so-called global rise in demand for nesting. It is a factor.

China's exports have been positive since June last year, supporting the recovery of the Chinese economy.

Meanwhile, last month's import value was $ 226.07 billion, a significant increase of 28.1%.

Although the rate of increase was smaller than in the previous month, the international rise in raw material prices such as crude oil and metals continues to push up imports.

The Chinese government is becoming more cautious, saying that if the impact of soaring raw material prices on small and medium-sized enterprises spreads, it could lead to a slowdown in the economy.