China's trade surplus widened to USD 45.34 billion in April 2020 from USD 13.02 billion in the same month the previous year and far above market expectations of a USD 9.7 billion surplus. Exports unexpectedly rose for the first time in four months while imports posted the biggest drop in over four years amid the coronavirus outbreak. China's politically sensitive trade surplus with the US was USD 22.9 billion in April, compared to USD 15.3 billion in March. Considering the first four months of the year, the trade surplus narrowed to USD 58.40 billion from USD 85.89 billion in the corresponding period of 2019.
Balance of Trade in China averaged 102.71 USD HML from 1981 until 2020, reaching an all time high of 612.86 USD HML in October of 2015 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 May of 2020. source: General Administration of Customs
Balance of Trade in China is expected to be 600.00 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 490.00 in 12 months time. In the long-term, the China Balance of Trade is projected to trend around 110.00 USD HML in 2021 and 410.00 USD HML in 2022, according to our econometric models.
China April Trade Surplus Larger than Forecast
China March Trade Surplus Larger than Forecast
China Posts First Trade Gap Since March 2018
China Delays Trade Data Release
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.