BEIJING - The value of China's international trade in goods and services reached approximately 4.24 trillion yuan in July 2024, marking an increase of 12 percent year-on-year, official data showed on Friday.

In US dollar terms, the country's exports and imports of goods and services amounted to $317.5 billion and $276.4 billion, respectively, recording a surplus of $41.1 billion, the State Administration of Foreign Exchange said.

The export value of goods reached nearly 2.04 trillion yuan while the import value of goods totaled 1.6 trillion yuan, resulting in a surplus of 431.6 billion yuan.

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The value of exported services amounted to 228.8 billion yuan and the value of imported services stood at 367.1 billion yuan, producing a deficit of 138.2 billion yuan.