China's trade surplus widened sharply to USD 58.93 billion in August 2020 from USD 34.72 billion in the same month the previous year and far above market expectations of USD 50.5 billion. Exports rose by 9.5 percent, the fastest pace since March last year, while imports unexpectedly fell by 2.1 percent. The country's trade surplus with the United States widened to USD 34.24 billion in August from USD 32.46 billion in July.

Balance of Trade in China averaged 106.68 USD HML from 1981 until 2020, reaching an all time high of 630.33 USD HML in May of 2020 and a record low of -320.02 USD HML in February of 2012. 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 2020. source: General Administration of Customs

Balance of Trade in China is expected to be 590.00 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 570.00 in 12 months time. In the long-term, the China Balance of Trade is projected to trend around 410.00 USD HML in 2021 and 490.00 USD HML in 2022, according to our econometric models.

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China Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
589.25 623.30 630.33 -320.02 1981 - 2020 USD HML Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-07 03:00 AM May $62.93B $45.33B $39B $41.8B
2020-07-14 03:00 AM Jun $46.42B $62.93B $58.6B $ 60B
2020-08-07 03:00 AM Jul $62.33B $46.42B $42B $41.9B
2020-09-07 03:00 AM Aug $58.93B $62.33B $50.5B $47B
2020-10-13 03:00 AM Sep $58.93B $58B $ 60B
2020-11-07 03:00 AM Oct
2020-12-07 03:00 AM Nov


News Stream
China Trade Surplus Larger than Expected
China's trade surplus widened sharply to USD 58.93 billion in August 2020 from USD 34.72 billion in the same month the previous year and far above market expectations of USD 50.5 billion. Exports rose by 9.5 percent, the fastest pace since March last year, while imports unexpectedly fell by 2.1 percent. The country's trade surplus with the United States widened to USD 34.24 billion in August from USD 32.46 billion in July.
2020-09-07
China Trade Surplus Larger than Expected
China's trade surplus widened sharply to USD 62.33 billion in July 2020 from USD 44.02 billion in the same month the previous year and far above market expectations of USD 42.0 billion. Exports rose by 7.2 percent, the fastest pace since December last year, while imports unexpectedly fell by 1.4 percent. The country's trade surplus with the United States widened to USD 32.46 billion in July from USD 29.41 billion in June. Renewed tensions between the US and China could hit trade figures ahead of the US presidential election in November. Meanwhile, Washington and Beijing are set to meet on August 15th to review the implementation of the Phase 1 trade deal reached early this year.
2020-08-07
China Trade Surplus Below Estimates
China's trade surplus narrowed to USD 46.42 billion in June 2020 from USD 49.60 billion in the same month the previous year and far less than market expectations of a USD 58.6 billion surplus. Exports unexpectedly grew by 0.5 percent yoy, defying market consensus of a 1.5 percent fall; while imports unexpectedly rose at a faster 2.7 percent, also beating estimates of a 10 percent slump. China's politically sensitive trade surplus with the US widened to USD 29.41 billion in June from USD 27.89 billion in May. Considering the first six months of the year, the trade surplus narrowed to USD 168.02 billion from USD 176.69 billion in the corresponding period of 2019. Exports were 6.2 percent lower than in 2019, while imports were down 7.1 percent.
2020-07-14
China Trade Surplus Largest on Record
China's trade surplus widened sharply to USD 62.93 billion in May 2020 from USD 41.20 billion in the same month the previous year and far above market expectations of a USD 39 billion surplus. It was the largest trade surplus since the series began in January 1981, as exports dropped less imports, amid growing tensions with the US. Exports dropped by 3.3 percent year-on-year to USD 206.81 billion, after a 3.5 percent rise in the previous month and better than market expectations of a 7 percent decline, as the coronavirus health crisis ravaged business activity and global demand. Meanwhile, Imports slumped 16.7 percent year-on-year USD 143.89 billion, following a 14.2 percent fall in the prior month and compared to market expectations of a 9.7 percent drop. China's trade surplus with the US stood at USD 27.89 billion in May. Considering the first five months of the year, the trade surplus narrowed to USD 121.36 billion from USD 127.09 billion in the corresponding period of 2019.
2020-06-07

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.