China's trade surplus surged to USD 90.2 billion in April 2023 from USD 49.5 billion in the same period a year earlier, easily beating market forecasts of USD 71.6 billion. Exports rose by 8.5% yoy, the second straight month of increase, above market consensus of an 8% growth, while imports unexpectedly fell by 7.9% amid weakening domestic demand and lower commodity prices. Meanwhile, the politically sensitive trade surplus with the United States widened to USD 29.7 billion in April from USD 27.6 billion in March. source: General Administration of Customs
Balance of Trade in China averaged 14.09 USD Billion from 1981 until 2023, reaching an all time high of 102.65 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 June of 2023.
Balance of Trade in China is expected to be 89.00 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 76.00 USD Billion in 2024 and 83.00 USD Billion in 2025, according to our econometric models.