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.

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China Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-03-07 03:00 AM Jan-Feb $115.95B $94.46B $99.5B $120B
2022-04-13 04:30 AM Mar $47.38B $115.95B $22.4B $25B
2022-05-09 03:00 AM Apr $47.38B


Related Last Previous Unit Reference
Balance of Trade 47.38 30.58 USD Billion Mar 2022
Imports 228.70 186.83 USD Billion Mar 2022
Exports 276.08 217.42 USD Billion Mar 2022
Terms of Trade 98.23 99.82 points Mar 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
47.38 30.58 94.38 -61.99 1981 - 2022 USD Billion Monthly
Current Prices, NSA

News Stream
China Trade Surplus Larger than Estimated
China’s trade surplus jumped to USD 47.38 billion in March 2022 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 posted a surplus of USD 162.9 billion.
2022-04-13
China Trade Surplus Larger than Estimated
China’s trade surplus widened to USD 115.95 billion in January – February 2022 combined from USD 97.05 billion in the same month a year earlier, easily beating market forecasts of USD 99.5 billion. Export extended their double-digit growth, increasing by 16.3 percent from a year earlier, while imports rose at a softer 15.5 percent. Data for January and February are combined to smooth out the impact of the Lunar New Year holiday, which can fall in either month. This year, the week-long holiday started on January 31st. China's trade surplus with the US stood at USD 59.77 billion in the first two months of the year, amid reports that the Biden administration is mulling a new China tariff investigation. In 2021, China's trade surplus notched a record high of USD 676.4 billion, with exports and imports growing by 29.9% and 30.1%, respectively. China’s trade surplus with the US in 2021 was at USD 396.58 billion, a jump of 25% from 2020.
2022-03-07
China Trade Surplus Hits New High
China's trade surplus widened sharply to a fresh record high of USD 94.46 billion in December 2021 from USD 75.8 billion in the same month a year earlier, easily beating market forecasts of USD 74.5 billion. Export extended their double-digit growth for the 15th month running, increasing by 20.9 percent from a year earlier to USD 340.50 billion, while imports rose at a softer 19.5 percent to USD 246.04 billion. For full year 2021, the trade surplus widened to USD 676.4 billion, the highest on record, from USD 524 billion in 2020, as exports surged 29.9 percent and imports 30.1 percent. China's trade surplus with the US was USD 39.23 billion in December and USD 396.58 billion for the whole of 2021, 25 percent higher than in 2020.
2022-01-14