China's trade surplus unexpectedly dropped to a three-month low of USD 79.39 billion in August 2022 from USD 59.13 billion in the same month a year earlier, and far below market forecasts of USD 92.7 billion, due to a softer rise in exports, amid disruption in factory output following fresh COVID curbs and historic heatwaves while foreign demand eased as inflation spiked in many countries. Shipments increased 7.1% yoy, the lowest growth in shipments and the first single-digit growth since April, and below market consensus of 12.8%; while imports were up 0.3%, the slowest growth in inbound shipments since a stagnation in April, also softer than forecasts of a 1.1% growth. For the January to August period, the trade surplus was at USD 560.52 billion, with exports rising 13.5% while imports increasing 4.6% from a year earlier. The trade surplus with the US narrowed to USD 36.77 billion in August from July's figure of USD 41.5 billion. source: General Administration of Customs
Balance of Trade in China averaged 13.12 USD Billion from 1981 until 2022, reaching an all time high of 101.26 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 October of 2022.
Balance of Trade in China is expected to be 75.00 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.