AI Data Insight
In July 2026 (Q3), China's credit of international trade in goods recorded 26,144.72 hundred million RMB. Although it retreated slightly from the previous value of 27,351.29 hundred million RMB in June, the year-on-year growth rate of foreign trade remains strong and outperforms market consensus. The export momentum in this cycle is mainly driven by the stocking of AI servers and the semiconductor supply chain, and is gradually shifting to a "price-driven" model. Looking ahead, close attention must be paid to the potential impact of end-consumer demand and US-European tariff barriers on the mid-term sustainability of foreign trade.