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.

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China Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
137.98 378.80 781.74 -619.43 1981 - 2021 USD HML Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-07 03:00 AM Nov $75.42B $58.44B $53.5B $49.6B
2021-01-14 03:00 AM Dec $78.17B $75.4B $72.35B $65B
2021-03-07 03:00 AM Jan-Feb $103.25B $78.17B $60B $60B
2021-04-13 03:00 AM Mar $13.8B $103.25B $52.05B $51B
2021-05-07 03:00 AM Apr $13.8B
2021-06-07 03:00 AM May
2021-07-13 03:00 AM Jun $ 50B
2021-08-07 03:00 AM Jul


News Stream
China Trade Surplus Smaller than Forecast
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.
2021-04-13
China Trade Surplus Larger than Expected
China reported a trade surplus of USD 103.25 billion in January-February 2021 combined, rebounding sharply from a USD 7.21 billion deficit in the same period a year earlier, and easily beating market consensus of a USD 60 billion surplus, as the economy recovered from the disruption caused by COVID-19, with more factories resuming their production. Exports surged 60.6 percent year-on-year, the eighth straight month of increase; while imports rose at a softer 22.2 percent, the fifth consecutive month of growth. China's trade surplus with the US for the first two months of the year stood at USD 51.26 billion, much larger than a surplus of USD 25.37 billion in the corresponding period a year earlier. To smooth distortions due to the Lunar New Year festival, Chinese customs combine January and February trade data.
2021-03-07
China Trade Surplus Hits New Record High
China's trade surplus jumped to a fresh record high of USD 78.17 billion in December 2020 from USD 47.25 billion in the same month a year earlier, beating market expectations of a USD 72.35 billion. Exports soared 18 percent year-on-year, the seventh straight month of increase; while imports rose at a softer 6.5 percent, the fourth consecutive month of growth, amid improving global demand. The country's trade surplus with the US narrowed to USD 29.92 billion in December from USD 37.42 billion in November. For 2000 full year, the trade surplus was USD 535.03 billion, the largest since 2015, as exports rose 3.6 percent, while imports fell 1.1 percent. Exports to the US increased 7.9 percent to USD 451.8 billion, while imports from the US were up 9.8 percent to USD 134.9 billion, bringing a trade surplus of USD 316.9 billion.
2021-01-14
China Posts Largest Trade Surplus on Record
China's trade surplus widened to USD 75.42 billion in November 2020 from USD 37.18 billion in the same month the previous year, and far above market expectations of USD 53.5 billion. This was the largest trade surplus since at least 1981, as exports jumped to an all-time high amid improving global demand. The country's trade surplus with the US widened to USD 37.42 billion in November from USD 31.37 billion in October. Considering the first eleven months of the year, the trade surplus was USD 459.92 billion, as exports rose 2.5 percent and imports fell 1.6 percent.
2020-12-07

China Balance of Trade
Since 1995, China has been recording consistent trade surpluses which from 2004 to 2009 has increased 10 times. In 2019, China posted a trade surplus of USD 421.9 billion, the biggest since 2016, as exports increased 0.5 percent and imports fell 2.7 percent on weak domestic demand and trade tensions with the US. The biggest trade surpluses were recorded with the US, Hong Kong, the EU - in particular the Netherlands, the UK, Poland, Spain, Italy and Belgium - India, Vietnam, the Philippines, Singapore, the UAE, Pakistan, Turkey and Indonesia. The largest deficits were recorded with Taiwan, Australia, South Korea, Brazil, Saudi Arabia, Japan, Germany, Switzerland, Malaysia, Oman, Chile and Russia.