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.