As of July, China's total import and export value reached 3.68 trillion yuan, a year-on-year increase of 6.5%. Among them, the export value was 2.14 trillion yuan, a year-on-year increase of 6.5%; The import value was 1.54 trillion yuan, a year-on-year increase of 6.6%. This data shows that China's foreign trade continued to maintain a steady growth trend in July. ‌

From a longer-term perspective, China's foreign trade in the first seven months of this year has shown several significant characteristics:

Diversification of trading partners: ASEAN, EU, US, and South Korea have respectively become China's top four trading partners. The total trade volume and growth rate with these countries and regions demonstrate that China's diversification strategy in foreign trade is yielding results. ‌

Optimization of export product structure: Mechanical and electrical products dominate the export market, accounting for over half of the total. Especially, the export growth of integrated circuits and automobiles has been rapid, reaching growth rates of 25.8% and 20.7% respectively, demonstrating China's strong competitiveness in high-tech product exports. ‌

Active foreign trade entities: Private enterprises account for over 80% of foreign trade, with a 10% increase in quantity and double-digit growth in total import and export volume. This trend indicates that the activity and competitiveness of Chinese private enterprises in the international market are constantly increasing. ‌

Optimization of regional opening-up layout: The import and export of eastern, central western, and northeastern regions of China have all achieved growth, especially the growth rate of central western and northeastern regions has accelerated, demonstrating the successful implementation of the national regional opening-up strategy. ‌

In summary, in the first seven months of this year, China's foreign trade continued to maintain a stable and positive development trend, not only reaching a new high in overall scale, but also making significant progress in diversifying trading partners, optimizing product structure, activating foreign trade operators, and optimizing regional opening layout.