In the first seven months of this year, China's total value of goods trade imports and exports reached 30.13 trillion yuan, an increase of 17.3% year-on-year.

In the first seven months of this year, Chinas total import and export value of goods reached 30.13 trillion yuan, a year-on-year increase of 17.3%, continuing a strong growth trend. Among them, exports amounted to 17.44 trillion yuan, rising by 14%; imports were 12.69 trillion yuan, growing by 22%. In July alone, imports and exports totaled 4.66 trillion yuan, up 19.2% year-on-year. Exports were 2.71 trillion yuan, a growth of 17.8%, while imports reached 1.95 trillion yuan, increasing by 21.2%. Since the beginning of this year, despite economic pressures, China has made steady progress towards quality improvement, providing strong support for the growth of foreign trade. In July, Chinas foreign trade maintained the good growth trend from the first half of the year, accelerating by 2.3 percentage points compared to the first half, with import and export scale exceeding 4 trillion yuan for five consecutive months. The export product structure has been innovating and greening. In the first seven months of this year, China exported 11.12 trillion yuan worth of electromechanical products, an increase of 21.2%, accounting for 63.8% of the countrys total exports, a rise of 3.8 percentage points compared to the same period last year. Specifically, exports of green and low-carbon products like electric vehicles, lithium batteries, and wind turbines increased by 71.2%, 35.8%, and 34.8%, respectively. Exports of 3D printers, industrial robots, and ships reached 11.2 billion yuan, 7.34 billion yuan, and 268.14 billion yuan, respectively, showing growth of 110%, 13.2%, and 32.7%. China has become one of the fastest-growing countries in terms of innovation capability. The deep integration of technological and industrial innovation continuously translates into new advantages and momentum for foreign trade competitiveness and growth. In July, exports of high-tech products increased by over 50%, contributing nearly 60% of the increase in total exports, with green and low-carbon products like electric vehicles and lithium batteries maintaining double-digit growth for 17 consecutive months. The growth rate of imports continued to outpace exports. In the first seven months of this year, the volume of imports of bulk commodities increased by 3% year-on-year, with metal ore imports rising by 8.2%. During the same period, imports of electromechanical products reached 5.31 trillion yuan, a growth of 29.7%, accounting for 41.9% of the total import value. China is actively expanding its autonomous openness and proactively increasing imports to promote balanced development of imports and exports. So far, zero tariff policies have been implemented for 63 countries, and the import scale has remained the second largest globally for 17 consecutive years. In the first seven months of this year, Chinas import growth outpaced export growth by 8 percentage points, bringing more high-quality products into the Chinese market to share in Chinas opportunities.