China's trade surplus was at USD 85.2 billion in October 202, little changed from a surplus of USD 84.8 billion in the same month the prior year, missing market forecasts of a surplus of USD 95.95 billion. Exports fell 0.3% yoy, the first drop since May 2020, amid lackluster overseas demand as cost pressures grew globally; while imports shrank at a faster 0.7%, the first decline since August 2020 as domestic demand weakened amid strict COVID curbs. Meantime, China's trade surplus with the US narrowed to USD 34.19 billion from USD 36.07 billion in September. source: General Administration of Customs
Balance of Trade in China averaged 13.39 USD Billion from 1981 until 2022, reaching an all time high of 101.44 USD Billion in July of 2022 and a record low of -61.99 USD Billion in February of 2020. This page provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Balance of Trade in China is expected to be 80.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Balance of Trade is projected to trend around 95.00 USD Billion in 2023, according to our econometric models.