BEIJING, Aug 7 – China’s exports in July surged 7.2% from a year earlier, while imports dropped 1.4%, customs data showed on Friday.
Analysts in a Reuters poll had forecast exports would fall 0.2% from a year earlier after an unexpected 0.5% expansion in June.
Imports were estimated to have climbed 1.0%, versus an increase of 2.7% in June.
China posted a trade surplus of $62.33 billion last month, compared with the poll’s forecast for a $42.00 billion surplus and $46.42 billion surplus in June. (Reporting by Colin Qian and Ryan Woo; Editing by Jacqueline Wong)