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

China's trade surplus narrowed sharply to USD 38.17 billion in October 2017 from USD 48.42 billion in the same month a year earlier, and missing market consensus of USD 39.50 billion. Imports jumped 17.2 percent from the previous year to USD 150.81 billion in October, while exports rose at a softer 6.9 percent to USD 188.98 billion. The trade surplus with the US, China's largest export market, came in at USD 26.6 billion after hitting a record high of USD 28.1 billion in September. Considering January to October 2017, the trade surplus narrowed to USD 340.02 billion from USD 427.42 billion in the same period the preceding year. China's January-October trade surplus with the US was USD 222.98 billion. Balance of Trade in China averaged 95.34 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 October Trade Surplus Smaller than Expected


China's trade surplus narrowed sharply to USD 38.17 billion in October 2017 from USD 48.42 billion in the same month a year earlier, and missing market consensus of USD 39.50 billion.

Imports jumped 17.2 percent from the previous year to USD 150.81 billion in October, beating market expectations of a 16 percent expansion but easing from 18.7 percent in September. It marked the twelfth straight month of annual growth in inbound shipments, boosted by higher purchases of crude oil, copper, iron ore, soybeans and coal. Oil imports rose from a year ago to 31.03 million tonnes, or 7.3 million barrels per day, but fell sharply from a near record-high of about 9 million barrels in September, touching their lowest level since October 2016. Also, imports of soybean rose 12 percent to 5.86 million tonnes from 5.21 million tonnes last year, but eased from a 12.7 percent gain in September. Compared with the previous month, imports of soybean fell 28 percent from 8.1 million tonnes due to a seasonal gap in overseas supply and as some shipments were delayed. The country's iron ore imports stood at 79.49 million tonnes compared with September's record high of 103 million tonnes, due to steel production cuts; and copper imports were 330,000 tonnes in October, versus 430,000 tonnes in September. Also, China imported 21.28 million tonnes of coal, down from 27.08 million tonnes in September, as the country tries to replace coal with cleaner fuel in the northern part of the country to meet tough air quality targets.

Exports rose 6.9 percent to USD 188.98 billion, below forecasts of 7.2 percent and slowing from September's 8.1 percent. 

The trade surplus with the US, China's largest export market, came in at USD 26.6 billion after hitting a record high of USD 28.1 billion in September, as exports to the country rose 8.3 percent to USD 37.8 billion while imports grew 4.3 percent to USD 11.1 billion. Also, the trade surplus with the EU was USD 11.3 billion, with exports rising by 11.4 percent and imports by 25.3 percent; and that with ASEAN countries was USD 3.7 billion, as exports advanced 10.1 percent and imports 20.6 percent. Meanwhile, the biggest trade deficit was recorded with Taiwan (USD 10.4 billion, with exports increasing 6.5 percent and imports 13 percent), followed by South Korea (USD 7.0 billion, with exports increasing 4.8 percent and imports 16.9 percent), Australia (USD 4.2 billion, with exports increasing 14.8 percent and imports 24.6 percent) and Japan (USD 2.0 billion, with exports increasing 5.7 and imports 13.4 percent).

Considering January to October 2017, the trade surplus came in at USD 340.02 billion, down from a USD 427.42 billion surplus in the same period the preceding year. China's January-October trade surplus with the US was USD 222.98 billion.

In yuan-denominated terms, exports increased by 6.1 percent from a year earlier in October, following a 9 percent rise in September. Inbound shipments rose 15.9 percent, after growing 19.5 percent in the prior month. 


General Administration of Customs of China l Rida Husna | rida@tradingeconomics.com
11/8/2017 9:55:19 AM



Calendar GMT Actual Previous Consensus TEForecast
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 $28.47B $41.99B $39.5B $40B
2017-11-08 03:00 AM Balance of Trade $38.2B $28.61B $39.50B $39B
2017-12-08 02:00 AM Balance of Trade $38.2B $40B


China Trade Last Previous Highest Lowest Unit
Balance of Trade 381.74 284.67 628.33 -319.71 USD HML [+]
Exports 1889.80 1982.59 2273.72 13.00 USD HML [+]
Imports 1508.06 1697.92 1830.94 16.60 USD HML [+]
Current Account 371.00 508.87 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 94.25 96.77 118.33 81.75 Index Points [+]
Foreign Direct Investment 1021.58 920.89 1262.67 18.32 USD HML [+]
Capital Flows -371.00 -4.49 464.08 -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 3827.00 3944.00 4408.00 1012.00 BBL/D/1K [+]
Terrorism Index 6.11 6.29 6.29 1.47 [+]
Weapons Sales 2123.00 1764.00 2606.00 3.00 USD Million [+]
Exports to India 5096382.00 5768041.00 6094426.00 2326991.00 USD THO [+]

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



China Balance of Trade

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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
381.74 284.67 628.33 -319.71 1983 - 2017 USD HML Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1745.00 Sep/17
Brazil 5201.00 Oct/17
Canada -3179.70 Sep/17
China 381.74 Oct/17
Euro Area 26364.90 Sep/17
France -4669.00 Sep/17
Germany 24100.00 Sep/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 670.17 Sep/17
Mexico -1886.40 Sep/17
Netherlands 6258.00 Sep/17
Russia 10222.00 Sep/17
South Korea 7300.00 Oct/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -8134.57 Sep/17
United Kingdom -2754.00 Sep/17
United States -43495.00 Sep/17