China's trade surplus was at USD 58.34 billion in August 2021, above market consensus of USD 51.05 billion and compared with a surplus of USD 57.14 billion in the same month a year earlier. It was the largest trade surplus since January, amid surging commodity prices, and as both exports and imports hit record values. Exports grew 25.6 percent from a year earlier to USD 294.32 billion, while imports jumped 33.1 percent to USD 235.98 billion. The trade surplus with the United States widened to USD 37.68 billion from USD 35.43 billion in July. Considering the first eight months of the year, the trade surplus widened to USD 370 billion from USD 342.52 billion in the same period of 2020, as exports surged 33.7 percent year-on-year to USD 2.10 trillion, while imports jumped 34.8 percent to USD 1.73 trillion. source: General Administration of Customs
Balance of Trade in China averaged 116.35 USD HML from 1981 until 2021, reaching an all time high of 759.61 USD HML in December of 2020 and a record low of -619.92 USD HML 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 September of 2021.
Balance of Trade in China is expected to be 267.00 USD HML 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 910.00 USD HML in 2022 and 950.00 USD HML in 2023, according to our econometric models.