China Balance of Trade  1983-2017 | Data | Chart | Calendar | Forecast

China's trade surplus fell to USD 41.99 billion in August of 2017 from USD 50.23 billion in the same month a year earlier and below market consensus of USD 48.60 billion. It was the smallest trade surplus since May, as exports rose less than imports. In August, sales grew by 5.5 percent year-on-year to USD 199.22 billion, slowing from a 7.2 percent rise in the prior month while markets expected a 6.0 percent gain. It was the weakest increase in outbound shipments since a 2 percent fall in February, due to softening global demand. Imports increased by 13.3 percent, following an 11 percent increase in a month earlier to USD 157.19 billion and above estimates of a 10.0 percent growth. It marked the tenth straight month of growth in inbound shipments. The trade surplus with the US, China's largest export market, widened to USD 26.23 billion from USD 25.20 billion in July. It is the highest surplus since September of 2015. Balance of Trade in China averaged 94.18 USD HML from 1983 until 2017, reaching an all time high of 628.33 USD HML in February of 2015 and a record low of -319.71 USD HML in February of 2012.

China Balance of Trade
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China Trade Surplus Smallest in 3 Months in August


China's trade surplus fell to USD 41.99 billion in August of 2017 from USD 50.23 billion in the same month a year earlier and below market consensus of USD 48.60 billion. It was the smallest trade surplus since May, as exports rose less than imports.

In August, sales grew by 5.5 percent year-on-year to USD 199.22 billion, slowing from a 7.2 percent rise in the prior month while market expected a 6.0 percent gain. It was the weakest increase in outbound shipments since a 2 percent fall in February, due to softening global demand.

Sales to the US went up 8.4 percent, easing from a 8.9 percent rise in the prior month. Those to the EU countries rose at a slower 5.2 percent (from 10.1 percent in July). In addition, exports to Japan increased less 1.1 percent (after a 6.6 percent rise in a month earlier). Meantime, exports to South Korea grew at a faster 7.7 percent (from 3.6 percent).  

Imports increased by 13.3 percent, following an 11 percent increase in a month earlier to USD 157.19 billion and above estimates of a 10.0 percent. It marked the tenth straight month of growth in inbound shipments, with purchases of industrial commodities continuing to lead the way.

The trade surplus with the US, China's largest export market, widened to USD 26.23 billion from USD 25.20 billion in July. It is the highest surplus since September of 2015.

Considering January to August 2017, the trade surplus came in at USD 273.67 billion. down from a USD 338.07 billion surplus in the same period the preceding year. 
In yuan-denominated terms, exports increased by 6.9 percent from a year earlier in August, following a 11.2 percent rise in July. Inbound shipments rose 14.4 percent, after growing 14.7 percent in the prior month. 


Rida Husna | rida@tradingeconomics.com
9/8/2017 11:46:09 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-13 03:00 AM Balance of Trade $42.77B $40.79B $42.44B $40B
2017-08-08 03:00 AM Balance of Trade $46.74B $42.77B $46.08B $45B
2017-09-08 02:00 AM Balance of Trade $41.99B $46.73B $48.6B $48B
2017-10-13 02:30 AM Balance of Trade $41.99B $48B
2017-11-08 02:00 AM Balance of Trade
2017-12-08 02:00 AM Balance of Trade $40B


China Trade Last Previous Highest Lowest Unit
Balance of Trade 419.92 466.92 628.33 -319.71 USD HML [+]
Exports 1992.29 1936.01 2273.72 13.00 USD HML [+]
Imports 1571.86 1469.09 1830.94 16.60 USD HML [+]
Current Account 529.00 183.89 1330.85 -8.96 USD HML [+]
Current Account to GDP 1.80 2.70 10.10 -3.70 percent [+]
External Debt 14207.00 14162.00 14207.00 158.28 USD HML [+]
Terms of Trade 97.44 100.00 118.33 81.75 Index Points [+]
Foreign Direct Investment 836.60 726.60 1262.67 18.32 USD HML [+]
Capital Flows -529.00 393.08 464.08 -1305.58 USD HML [+]
Tourist Arrivals 128.50 161.00 216.60 21.70 Tens of Thousands [+]
Gold Reserves 1842.56 1842.56 1842.56 395.01 Tonnes [+]
Crude Oil Production 3829.00 3891.00 4408.00 1012.00 BBL/D/1K [+]
Weapons Sales 2123.00 1764.00 2606.00 3.00 USD Million [+]
Terrorism Index 6.11 6.29 6.29 1.47 [+]
Exports to India 6094426.00 5792670.00 6094426.00 2326991.00 USD THO [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



China Balance of Trade Notes

Since 1995, China has been recording consistent trade surpluses which from 2004 to 2009 has increased 10 times. In 2015 as a whole, China’s total trade dropped by 8 percent, as exports shrank 2.8 percent and imports fell sharply by 14.1 percent due to a weaker renminbi and falling commodity prices. In 2015, the biggest trade surpluses were recorded with Hong Kong, the US, the Netherlands, India, the UK, Vietnam, Singapore and Indonesia. China recorded trade deficits with Taiwan, South Korea, Australia, Germany, Brazil and South Africa. This page provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
419.92 466.92 628.33 -319.71 1983 - 2017 USD HML Monthly
Current Prices, NSA



balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.60 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -1259000.00 Jun/17
Switzerland 3511.05 Jul/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17