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.