Trade: Chinese exports to Germany are rising strongly again

China's exports to Germany surged once again in July, according to recent data from the Chinese customs authority released on Friday. This surge was primarily driven by the global investment boom in artificial intelligence (AI), which helped offset weather-related disruptions in trade and transportation. Year-on-year, exports increased by 23.9 percent, the authority reported.

In contrast, imports rose by 27.5 percent. Consequently, the trade balance surplus marginally decreased from $125.62 billion in June to $112.5 billion in July. However, the trend remained unbroken: China continues to export more goods abroad than it imports. This trend is evident in the trade with Germany: in July, China exported goods worth $12.3 billion to Germany, a 17.4 percent increase compared to the same period last year.

Imports from Germany, on the other hand, decreased by 2.7 percent to $7.9 billion. Over a longer period, the surplus has been growing: from January to July, China's exports to Germany increased by 18.8 percent to $79.7 billion. Imports from Germany, however, only grew by 1.1 percent to $53 billion. Thus, China's trade surplus with Germany reached nearly $27 billion in the first seven months.