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. source: General Administration of Customs

Balance of Trade in China averaged 13.12 USD Billion from 1981 until 2022, reaching an all time high of 101.26 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 October of 2022.

Balance of Trade in China is expected to be 75.00 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
2022-08-07 03:00 AM Jul $101.26B $97.94B $90B $99B
2022-09-07 03:00 AM Aug $79.39B $101.26B $92.7B $90B
2022-10-14 03:00 AM Sep $79.39B $ 75B


Related Last Previous Unit Reference
Balance of Trade 79.39 101.26 USD Billion Aug 2022
Imports 235.53 231.70 USD Billion Aug 2022
Exports 314.92 332.96 USD Billion Aug 2022
Terms of Trade 102.04 98.89 points Aug 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
79.39 101.26 101.26 -61.99 1981 - 2022 USD Billion Monthly
Current Prices, NSA

News Stream
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
China Trade Surplus Unexpectedly Hits New High
China's trade surplus unexpectedly surged to a fresh record peak of USD 101.26 billion in July 2022 from USD 55.89 billion in the same month a year earlier, far above market forecasts of USD 90 billion, mainly boosted by a jump in exports. Shipments climbed 18% yoy, the most in six months; while imports grew much slower at 2.3%. For the January to July period, the trade surplus was at USD 482.3 billion. The trade surplus with the US was at USD 41.5 billion, little changed from June's print of USD 41.4 billion.
2022-08-07
China Trade Surplus Hits Fresh High
China's trade surplus surged to a record high of USD 97.94 billion in June 2022 from USD 50.14 billion in the same month a year earlier, easily beating market forecasts of a surplus of USD 75.7 billion as export surged and imports remained subdued. Exports grew 17.9% yoy, the most in five months, as logistic issues eased after COVID-19 control measures were lifted in Shanghai. Meanwhile, imports rose at a much softer 1 percent, below market consensus of a 3.9% gain in May. The trade surplus with the US widened to USD 41 billion in June, from USD 36.1 billion in May.
2022-07-13