China’s trade surplus jumped to USD 47.38 billion in March 2022, up from USD 11.83 billion in the same month a year earlier, easily beating market forecasts of USD 22.4 billion. Export extended their double-digit growth, increasing by 14.7 percent yoy; while imports fell 0.1 percent, the first drop since August 2020. China's trade surplus with the US rose by 50% yoy to USD 32.09 billion. Meantime, total trade with Russia grew 27.8% to USD 38.18 billion in Q1, while those with Ukraine increased 10.6%. Considering the first three months of the year, the goods account posted a surplus of USD 162.9 billion. source: General Administration of Customs
Balance of Trade in China averaged 12.43 USD Billion from 1981 until 2022, reaching an all time high of 94.38 USD Billion in December of 2021 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 May of 2022.
Balance of Trade in China is expected to be 70.00 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.