China's trade surplus was at USD 45.5 billion in May 2021, below market consensus of USD 50.5 billion and compared with a surplus of USD 61.9 billion in the same month a year earlier, amid strengthening yuan, a further recovery global demand and higher commodity prices. Exports jumped 27.9 percent while imports soared at a faster 51.1 percent. The country's trade surplus with the US increased to USD 31.78 billion in May from USD 28.11 billion in April. For the first five months of the year, China’s trade surplus with the US widened to USD 132.46 billion from USD 100.68 billion in January – April. Considering the first five months of the year, the trade surplus widened sharply to USD 203.45 billion, from USD 119.54 billion in the same period of 2020, as exports jumped 40.2 percent year-on-year to USD 1.24 trillion, while imports soared 35.6 percent to USD 1.03 trillion source: General Administration of Customs

Balance of Trade in China averaged 113.80 USD HML from 1981 until 2021, reaching an all time high of 769.91 USD HML in December of 2020 and a record low of -619.93 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 June of 2021.

Balance of Trade in China is expected to be 300.00 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 1020.00 in 12 months time. In the long-term, the China Balance of Trade is projected to trend around 1010.00 USD HML in 2022 and 950.00 USD HML in 2023, according to our econometric models.

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China Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
455.30 428.60 769.91 -619.93 1981 - 2021 USD HML Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-07 03:00 AM Jan-Feb $103.25B $78.17B $60B $60B
2021-04-13 03:00 AM Mar $13.8B $103.25B $52.05B $51B
2021-05-07 03:00 AM Apr $42.85B $13.8B $28.1B $14.5B
2021-06-07 03:00 AM May $45.54B $42.86B $50.5B $55B
2021-07-13 03:00 AM Jun $45.53B $ 30B
2021-08-07 03:00 AM Jul
2021-09-07 03:00 AM Aug
2021-10-13 03:00 AM Sep $ 39B


News Stream
China Trade Surplus Smaller than Expected
China's trade surplus was at USD 45.5 billion in May 2021, below market consensus of USD 50.5 billion and compared with a surplus of USD 61.9 billion in the same month a year earlier, amid strengthening yuan, a further recovery global demand and higher commodity prices. Exports jumped 27.9 percent while imports soared at a faster 51.1 percent. The country's trade surplus with the US increased to USD 31.78 billion in May from USD 28.11 billion in April. For the first five months of the year, China’s trade surplus with the US widened to USD 132.46 billion from USD 100.68 billion in January – April. Considering the first five months of the year, the trade surplus widened sharply to USD 203.45 billion, from USD 119.54 billion in the same period of 2020, as exports jumped 40.2 percent year-on-year to USD 1.24 trillion, while imports soared 35.6 percent to USD 1.03 trillion.
2021-06-07
China Trade Surplus Larger than Estimated
China's trade surplus was at USD 42.8 billion in April 2021, easily beating market consensus of USD 28.1 billion and compared with a surplus of USD 45.0 billion in the same month a year earlier, amid an improving global demand and higher commodity prices. Exports jumped 32.3 percent and imports soared 43.1 percent. The country's trade surplus with the US increased to USD 28.11 billion in April from USD 21.37 billion in March. Considering the first four months of the year, the trade surplus widened sharply to USD 157.91 billion, from USD 55.65 billion in the same period of 2020, as exports jumped 44 percent year-on-year to USD 973.7 billion, while imports soared 31.9 percent to USD 815.79 billion.
2021-05-07
China Trade Surplus Smaller than Forecast
China's trade surplus narrowed to USD 13.8 billion in March 2021, from USD 20.0 billion in the same month of the previous year and far below market expectations of USD 52.05 billion, amid an improving global demand and higher commodity prices. Exports soared 30.6 percent and imports jumped 38.1 percent to an all-time high, at the fastest pace since February 2017. The country's trade surplus with the US declined to USD 21.37 billion in March from USD 23.01 billion in February. Considering the first three months of the year, the trade surplus widened sharply to USD 117.1 billion, from USD 12.8 billion in the same period of 2020, as exports and imports soared from last year's record slumps.
2021-04-13
China Trade Surplus Larger than Expected
China reported a trade surplus of USD 103.25 billion in January-February 2021 combined, rebounding sharply from a USD 7.21 billion deficit in the same period a year earlier, and easily beating market consensus of a USD 60 billion surplus, as the economy recovered from the disruption caused by COVID-19, with more factories resuming their production. Exports surged 60.6 percent year-on-year, the eighth straight month of increase; while imports rose at a softer 22.2 percent, the fifth consecutive month of growth. China's trade surplus with the US for the first two months of the year stood at USD 51.26 billion, much larger than a surplus of USD 25.37 billion in the corresponding period a year earlier. To smooth distortions due to the Lunar New Year festival, Chinese customs combine January and February trade data.
2021-03-07

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.