China's trade surplus narrowed to USD 13.8 billion in March 2021, from USD 20.0 billion in the same month of the previous year and far below market expectations of USD 52.05 billion, amid an improving global demand and higher commodity prices. Exports soared 30.6 percent and imports jumped 38.1 percent to an all-time high, at the fastest pace since February 2017. The country's trade surplus with the US declined to USD 21.37 billion in March from USD 23.01 billion in February. Considering the first three months of the year, the trade surplus widened sharply to USD 117.1 billion, from USD 12.8 billion in the same period of 2020, as exports and imports soared from last year's record slumps. source: General Administration of Customs
Balance of Trade in China averaged 112.63 USD HML from 1981 until 2021, reaching an all time high of 781.74 USD HML in December of 2020 and a record low of -619.43 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 April of 2021.
Balance of Trade in China is expected to be 640.00 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 1010.00 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.