China's trade surplus widened sharply to a fresh record high of USD 94.46 billion in December 2021 from USD 75.8 billion in the same month a year earlier, easily beating market forecasts of USD 74.5 billion. Export extended their double-digit growth for the 15th month running, increasing by 20.9 percent from a year earlier to USD 340.50 billion, while imports rose at a softer 19.5 percent to USD 246.04 billion. For full year 2021, the trade surplus widened to USD 676.4 billion, the highest on record, from USD 524 billion in 2020, as exports surged 29.9 percent and imports 30.1 percent. China's trade surplus with the US was USD 39.23 billion in December and USD 396.58 billion for the whole of 2021, 25 percent higher than in 2020. source: General Administration of Customs
Balance of Trade in China averaged 121.75 USD HML from 1981 until 2021, reaching an all time high of 944.60 USD HML in December 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 January of 2022.
Balance of Trade in China is expected to be 620.00 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 950.00 USD HML in 2023, according to our econometric models.