China’s dollar-denominated exports rose 7.2% while imports fell 1.4% from a year ago, data from the country’s General Administration of Customs showed on Friday.
Economists polled by Reuters had expected China’s dollar-denominated exports to fall by 0.2% from a year ago, while imports were predicted to have risen 1% from a year ago.
In June, China’s dollar-denominated exports posted a rise of 0.5% compared to a year ago, and imports rose 2.7% in the same period.
In July, China posted a trade surplus of $62.33 billion, beating the $42 billion economists had expected. China’s trade surplus was $46.42 billion in June.
Despite the coronavirus pandemic hitting global demand, exports from China have held up as exports in medical supplies jumped in the first half of the year.
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