China's trade surplus surged to a record high of USD 84.54 billion in October 2021 from USD 57.32 billion in the same month a year earlier, easily beating market forecasts of USD 65.55 billion. Exports extended their double-digit growth for the 13th month running, rising by 27.1 percent year-on-year to USD 300.22 billion; while imports grew at a softer 20.6 percent to USD 215.68 billion. Considering the first ten months of the year, the trade surplus widened to USD 513.74 billion from USD 373.92 billion in the same period of 2020. Meanwhile, the trade surplus with the US narrowed to USD 40.75 billion from USD 42.0 billion in September. For the January to October period, China's trade surplus with the country was at USD 320.67 billion. source: General Administration of Customs
Balance of Trade in China averaged 118.92 USD HML from 1981 until 2021, reaching an all time high of 845.40 USD HML in October of 2021 and a record low of -619.92 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 December of 2021.
Balance of Trade in China is expected to be 710.00 USD HML 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 910.00 USD HML in 2022 and 950.00 USD HML in 2023, according to our econometric models.