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.

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China Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-10-24 02:00 AM Sep $84.74B $79.39B $81B $80B
2022-11-07 03:00 AM Oct $85.15B $84.74B $95.95B $91B
2022-12-07 03:00 AM Nov $85.15B $84B


Related Last Previous Unit Reference
Balance of Trade 85.15 84.74 USD Billion Oct 2022
Imports 213.22 238.01 USD Billion Oct 2022
Exports 298.37 322.76 USD Billion Oct 2022
Terms of Trade 104.53 102.04 points Sep 2022

China Balance of Trade
Since 1995, China has been recording consistent trade surpluses. In 2021, the surplus hit $676.43 billion, the highest since records started in 1950, up from $523.99 bln in 2020 as exports increased more than 20% boosted by the post-covid economic recovery.
Actual Previous Highest Lowest Dates Unit Frequency
85.15 84.74 101.44 -61.99 1981 - 2022 USD Billion Monthly
Current Prices, NSA

News Stream
China Trade Surplus Below Estimates in October
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.
2022-11-07
China Trade Surplus Larger than Estimated
China's trade surplus widened to USD 84.74 billion in September 2022 from USD 67.05 billion in the same month a year earlier, and above market forecasts of USD 81 billion. Exports increased 5.7 percent year-on-year, the least since April, due to weakening external demand amid surging prices and higher borrowing costs; while imports edged up a meager 0.3 percent, as domestic demand remained sluggish. The trade surplus with the US narrowed to USD 36.1 billion in September from August's figure of USD 36.7 billion. For the January to September period, the trade surplus was at USD 645.1 billion, with exports climbing 12.5 percent and imports rising 4.1 percent from a year earlier.
2022-10-24
China Posts Smallest Trade Surplus in 3 Months
China's trade surplus unexpectedly dropped to a three-month low of USD 79.39 billion in August 2022 from USD 59.13 billion in the same month a year earlier, and far below market forecasts of USD 92.7 billion, due to a softer rise in exports, amid disruption in factory output following fresh COVID curbs and historic heatwaves while foreign demand eased as inflation spiked in many countries. Shipments increased 7.1% yoy, the lowest growth in shipments and the first single-digit growth since April, and below market consensus of 12.8%; while imports were up 0.3%, the slowest growth in inbound shipments since a stagnation in April, also softer than forecasts of a 1.1% growth. For the January to August period, the trade surplus was at USD 560.52 billion, with exports rising 13.5% while imports increasing 4.6% from a year earlier. The trade surplus with the US narrowed to USD 36.77 billion in August from July's figure of USD 41.5 billion.
2022-09-07