China's trade surplus surged to USD 58.44 billion in October 2020 from USD 42.3 billion in the same month the previous year, and far above market expectations of USD 46 billion. Exports jumped by 11.4 percent while imports rose at a softer 4.7 percent. The country's trade surplus with the US widened to USD 31.37 billion in October from USD 30.75 billion in September. Considering the first ten months of the year, the trade surplus was USD 384.5 billion, as exports were up 0.5 percent from a year earlier to USD 2.05 trillion, while imports dropped 2.3 percent to USD 1.66 trillion. source: General Administration of Customs

Balance of Trade in China averaged 108.23 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 November of 2020.

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
584.43 369.99 630.33 -320.02 1981 - 2020 USD HML Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
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 $37B $58.93B $58B $ 60B
2020-11-07 03:00 AM Oct $58.44B $37B $46B $42B
2020-12-07 03:00 AM Nov $58.44B $45B
2021-01-14 03:00 AM Dec $ 59B
2021-03-07 03:00 AM Jan-Feb
2021-04-14 03:30 AM Mar $ 64B


News Stream
China October Trade Surplus Larger than Expected
China's trade surplus surged to USD 58.44 billion in October 2020 from USD 42.3 billion in the same month the previous year, and far above market expectations of USD 46 billion. Exports jumped by 11.4 percent while imports rose at a softer 4.7 percent. The country's trade surplus with the US widened to USD 31.37 billion in October from USD 30.75 billion in September. Considering the first ten months of the year, the trade surplus was USD 384.5 billion, as exports were up 0.5 percent from a year earlier to USD 2.05 trillion, while imports dropped 2.3 percent to USD 1.66 trillion.
2020-11-07
China Trade Surplus Smaller than Forecast
China's trade surplus narrowed to USD 37.0 billion in September 2020 from USD 39.1 billion in the same month the previous year, the smallest since March and far below market expectations of USD 58 billion. Both exports and imports hit all-time highs as the global demand continued to recover from the pandemic shock. The country's trade surplus with the US narrowed to USD 30.75 billion in September from USD 34.24 billion in August. For the first nine months of the year, China’s trade surplus with the US totaled USD 218.57 billion.
2020-10-13
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 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.