China's trade surplus dropped to USD 78.01 billion in December 2022 from a revised USD 93.21 billion in the same month the prior year and compared to market forecasts of USD 76.2 billion. The data came in amid weakening global and domestic demand. Exports plunged 9.9%, the largest decline in nearly three years, while imports fell at a softer 7.5%, the third straight month of decrease. Considering 2022 full year, the country's trade surplus widened 31 percent year-on-year to USD 876.91 billion, the highest since records started in 1950, as exports rose 7% and imports increased by only 1%. source: General Administration of Customs

Balance of Trade in China averaged 13.61 USD Billion from 1981 until 2022, reaching an all time high of 101.86 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 January of 2023.

Balance of Trade in China is expected to be 39.00 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.

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China Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-12-07 03:00 AM Nov $69.84B $85.15B $78.1B $81B
2023-01-13 03:00 AM Dec $78B $69.25B $76.2B $ 80B
2023-03-07 03:00 AM Jan-Feb $78B $140B


Related Last Previous Unit Reference
Balance of Trade 78.01 69.25 USD Billion Dec 2022
Imports 228.07 226.25 USD Billion Dec 2022
Exports 306.08 295.50 USD Billion Dec 2022
Terms of Trade 105.60 106.39 points Dec 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
78.01 69.25 101.86 -61.99 1981 - 2022 USD Billion Monthly
Current Prices, NSA

News Stream
China Trade Surplus Slightly Above Forecasts
China's trade surplus dropped to USD 78.01 billion in December 2022 from a revised USD 93.21 billion in the same month the prior year and compared to market forecasts of USD 76.2 billion. The data came in amid weakening global and domestic demand. Exports plunged 9.9%, the largest decline in nearly three years, while imports fell at a softer 7.5%, the third straight month of decrease. Considering 2022 full year, the country's trade surplus widened 31 percent year-on-year to USD 876.91 billion, the highest since records started in 1950, as exports rose 7% and imports increased by only 1%.
2023-01-13
China Posts Smallest Trade Surplus in 7 Months
China's trade surplus declined to USD 69.84 billion in November 202 from USD 71.7 billion in the same month the prior year, far below market forecasts of a surplus of USD 78.1 billion. This was the smallest trade surplus since April, due to weakening global and domestic demand. Exports slumped 8.7% yoy, the second straight month of decline, amid weakening overseas demand due to high inflation and supply disruptions; while imports fell at a faster 10.6%, the second straight month of decrease as domestic demand weakened amid widespread COVID curbs.
2022-12-07
China Trade Surplus Below Estimates in October
China's trade surplus was at USD 85.2 billion in October 202, little changed from a surplus of USD 84.8 billion in the same month the prior year, missing market forecasts of a surplus of USD 95.95 billion. Exports fell 0.3% yoy, the first drop since May 2020, amid lackluster overseas demand as cost pressures grew globally; while imports shrank at a faster 0.7%, the first decline since August 2020 as domestic demand weakened amid strict COVID curbs. Meantime, China's trade surplus with the US narrowed to USD 34.19 billion from USD 36.07 billion in September.
2022-11-07