China July 2025 trade data shows USD denominated exports +7.2% y/y (vs +5.4% expected) | investingLive

Better than expected Chinese exports in July 2025.

Exports +7.2% y/y

• expected +5.4%, prior 5.8%

Imports +4.1% y/y

• expected -1.0%, prior +1.1%

Trade balance is a surplus of 84.2bn USD

• expected 105bn, prior 114.8bn

Exports to the US are down 21.6% y/y in July, but of course trans shipments are hidden in these numebrs

These are still solid figures from China.

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For the YTD number, January – July:

• exports +6.1% y/y
• imports -2.7% y/y
• trade balance a whopping 683.5bn USD
• YTD exports to the US are down 12.6% y/y (but of course trans shipment is difficult to discern and there is plenty going on) while imports down 10.3% y/y

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The yuan is not doing much on the data release, USD/CNH just a few tics up circa 7.1840