China's trade surplus surged to USD 58.44 billion in October 2020 from USD 42.3 billion in the same month the previous year, and far above market expectations of USD 46 billion. Exports jumped by 11.4 percent while imports rose at a softer 4.7 percent. The country's trade surplus with the US widened to USD 31.37 billion in October from USD 30.75 billion in September. Considering the first ten months of the year, the trade surplus was USD 384.5 billion, as exports were up 0.5 percent from a year earlier to USD 2.05 trillion, while imports dropped 2.3 percent to USD 1.66 trillion. source: General Administration of Customs
Balance of Trade in China averaged 108.23 USD HML from 1981 until 2020, reaching an all time high of 630.33 USD HML in May of 2020 and a record low of -320.02 USD HML in February of 2012. 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 2020.
Balance of Trade in China is expected to be 590.00 USD HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in China to stand at 570.00 in 12 months time. In the long-term, the China Balance of Trade is projected to trend around 410.00 USD HML in 2021 and 490.00 USD HML in 2022, according to our econometric models.