China's trade surplus was at USD 51.53 billion in June 2021, far above market consensus of USD 44.2 billion and compared with a surplus of USD 44.8 billion in the same month a year earlier. It was the largest trade surplus since January, amid further recovery in global demand and high commodity prices. Exports soared 32.2 percent from a year earlier to USD 281.42 billion while imports jumped 36.7 percent to 229.89 billion. The country's trade surplus with the US increased to USD 32.58 billion in June from USD 31.78 billion in May. Considering the first half of the year, the trade surplus widened sharply to USD 251.52 billion, from USD 164.33 billion in the same period of 2020, as exports surged 38.6 percent year-on-year to USD 1.52 trillion, while imports jumped 36 percent to USD 1.27 trillion. The trade surplus with the US widened to USD 164.92 billion. source: General Administration of Customs
Balance of Trade in China averaged 114.63 USD HML from 1981 until 2021, reaching an all time high of 769.91 USD HML in December of 2020 and a record low of -619.93 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 July of 2021.
Balance of Trade in China is expected to be 390.00 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 1000.00 in 12 months time. In the long-term, the China Balance of Trade is projected to trend around 1010.00 USD HML in 2022 and 950.00 USD HML in 2023, according to our econometric models.