Trade: Chinese exports to Germany are rising strongly again

China's exports to Germany have surged again significantly, according to recent figures from the Chinese customs authority released on Friday. The surge can be attributed primarily to a global investment boom in the artificial intelligence (AI) sector, which managed to offset weather-related disruptions in trade and logistics. Year-on-year, exports increased by 23.9 percent, the authority reported.

Imports had risen by 27.5 percent. The trade balance surplus, however, saw a slight decrease, from 125.62 billion dollars in June to 112.5 billion dollars in July. Nonetheless, the trend remains consistent: China is selling more goods abroad than it imports.

The trend is particularly evident in trade with Germany. In July, China exported goods worth 12.3 billion dollars to Germany, a 17.4 percent increase compared to the same period last year, according to the data. Imports from Germany, on the other hand, decreased by 2.7 percent to 7.9 billion dollars. Over a longer period, China's exports to Germany have grown, from January to July, reaching 79.7 billion dollars, up 18.8 percent.

Imports from Germany, however, only grew by 1.1 percent to 53 billion dollars. Consequently, China's trade surplus with Germany expanded to nearly 27 billion dollars in the first seven months.