Exports increased 5.7 percent in July of 2014 from a year earlier, recording USD 48.4 billion. Sales increased to a recorded level for wireless communications equipment (24.6 percent), followed by higher deliveries of steel (22.4 percent) and automobiles (20.8 percent).
In July, higher exports were recorded for the US (19.4 percent), European Union (11.5 percent), Japan (6.0 percent) compared with a year earlier. In contrast, exports declined for China (-7.0 percent), the top destination market.
Imports amounted to USD 45.9 billion in July, a 5.8 percent increase from July of 2013.