China's trade surplus narrowed to USD 71.7 billion in November 2021 from USD 74.25 billion in the same month a year earlier, and far below market forecasts of USD 82.75 billion. Export growth slowed sharply on the back of a strong yuan, weakening demand due to the emergence of the Omicron COVID-19 variant and higher costs, while imports rose at a faster pace following the easing of the power crunch. Considering the first eleven months of the year, the trade surplus widened to USD 582.3 billion from USD 448.2 billion in the same period of 2020. source: General Administration of Customs

Balance of Trade in China averaged 120.07 USD HML from 1981 until 2021, reaching an all time high of 845.40 USD HML in October of 2021 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 January of 2022.

Balance of Trade in China is expected to be 610.00 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.

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China Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-11-07 03:00 AM Oct $84.54B $66.76B $65.55B $62B
2021-12-07 03:00 AM Nov $71.72B $84.54B $82.75B $79B
2022-01-13 03:00 AM Dec $71.72B $ 61B


Related Last Previous Unit Reference
Balance of Trade 717.11 845.40 USD HML Nov/21
Imports 2538.14 2156.82 USD HML Nov/21
Exports 3255.25 3003.41 USD HML Nov/21
Terms of Trade 91.41 92.39 points Nov/21

News Stream
China Trade Surplus Smaller than Forecast
China's trade surplus narrowed to USD 71.7 billion in November 2021 from USD 74.25 billion in the same month a year earlier, and far below market forecasts of USD 82.75 billion. Export growth slowed sharply on the back of a strong yuan, weakening demand due to the emergence of the Omicron COVID-19 variant and higher costs, while imports rose at a faster pace following the easing of the power crunch. Considering the first eleven months of the year, the trade surplus widened to USD 582.3 billion from USD 448.2 billion in the same period of 2020.
2021-12-07
China Trade Surplus Hits Record Peak
China's trade surplus surged to a record high of USD 84.54 billion in October 2021 from USD 57.32 billion in the same month a year earlier, easily beating market forecasts of USD 65.55 billion. Exports extended their double-digit growth for the 13th month running, rising by 27.1 percent year-on-year to USD 300.22 billion; while imports grew at a softer 20.6 percent to USD 215.68 billion. Considering the first ten months of the year, the trade surplus widened to USD 513.74 billion from USD 373.92 billion in the same period of 2020. Meanwhile, the trade surplus with the US narrowed to USD 40.75 billion from USD 42.0 billion in September. For the January to October period, China's trade surplus with the country was at USD 320.67 billion.
2021-11-07
China Trade Surplus Largest in 9 Months
China's trade surplus widened to USD 66.76 billion in September 2021, from USD 35.34 billion in the same month a year earlier and far above market consensus of USD 46.8 billion. It was the largest trade surplus since last December, as exports extended their double-digit growth to a fresh all-time high while imports rose at a softer pace, but also hit a new record. The trade surplus with the United States rose to USD 42 billion, up from USD 37.68 billion in August. Considering the first nine months of the year, the trade surplus widened to USD 429.2 billion from USD 316.6 billion in the same period of 2020.
2021-10-13

China Balance of Trade
Since 1995, China has been recording consistent trade surpluses which from 2004 to 2009 has increased 10 times. In 2019, China posted a trade surplus of USD 421.9 billion, the biggest since 2016, as exports increased 0.5 percent and imports fell 2.7 percent on weak domestic demand and trade tensions with the US. The biggest trade surpluses were recorded with the US, Hong Kong, the EU - in particular the Netherlands, the UK, Poland, Spain, Italy and Belgium - India, Vietnam, the Philippines, Singapore, the UAE, Pakistan, Turkey and Indonesia. The largest deficits were recorded with Taiwan, Australia, South Korea, Brazil, Saudi Arabia, Japan, Germany, Switzerland, Malaysia, Oman, Chile and Russia.