China's exports slowed slightly in July from the previous month despite robust demand for high-tech electronics and vehicles. This was reported by Qazaqyia.kz citing Associated Press.
Customs data released Friday showed China's trade surplus narrowed to $112.5 billion from $125.6 billion in June.
Exports rose nearly 24% in July from a year earlier, compared with a 27% increase in June. Imports climbed 27.5% year-on-year, but that was lower than June's jump of 36%.
Disruptions to port operations due to typhoons helped to slow trade, analysts said.
"The boom in Chinese trade slowed a touch in July but the big picture is that export and import values remain elevated, helped by soaring global demand for electronics and green tech products," Julian Evans-Pritchard of Capital Economics said in a report.
The Iran war interfered with shipments of aluminum from the Middle East, leading to an increase in Chinese exports of the metal, he noted.
Trade data show China has fully transitioned from providing mostly low cost manufacturing to supplying vital machinery and components for advanced technologies.