China's trade surplus in July stood at 101.26 billion dollars (99.47 billion euros). Photo: Russia Today

The volume of China's trade exchanges grew by 11% in July compared to the previous year, reaching 564,660 million dollars (554,553 million euros)

, with a total of 3.6 billion dollars (3.57 billion euros) in the first seven months of 2022.

Chinese exports totaled 332.96 billion dollars (327 billion euros) in July, which represents a monthly increase of 0.7% and 18% compared to the same month of 2021, due to the easing of the restrictions imposed to contain covid-19.

On its side, the Asian giant's purchases abroad reached a total value of 231,700 million dollars (227,553 million euros), a figure that represents a monthly decline of 0.7%, but represents an advance of 2.3% in the year-on-year comparison.

China's trade surplus in July stood at 101.26 billion dollars (99.47 billion euros).

Thus, in the first seven months of 2022, China's trade exchanges totaled 3.64 trillion dollars (3.57 trillion euros), 10.4% more than in the equivalent period of 2021.

China's exports between January and July totaled 2.06 billion dollars (2.02 billion euros), 14.6% more, while imports increased by 5.3%, to 1.58 billion dollars ( 1.55 billion euros).

On the other hand,

information from the General Administration of Customs of China reveals that during the month of July the Asian giant increased its commercial exchanges with its Russian neighbor by 37% per year

, up to 16,790 million dollars (16,489 million euros) .

Specifically, China exported to Russia worth 6,770 million dollars (6,648 million euros), 22.2% more than in July 2021, while imports from Russia reached a value of 10,019 million dollars. dollars (9,839 million euros), 49% more than a year before.

Thus, in the first seven months of 2022, trade between China and Russia increased by 29%, to 75,489 million dollars (74,138 million euros).

Chinese exports to Russia until July totaled 36,266 million dollars (35,617 million euros), 5.2% more, while purchases from the Eurasian giant increased by 48.8%, to 61,447 million dollars (60,347 million euros ).

(Taken from Banking News)