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

China's trade surplus fell to USD 46.74 billion in July of 2017 from USD 48.61 billion in the same month a year earlier but above market consensus of USD 46.08 billion. Exports rose 7.2 percent from a year earlier to USD 193.6 billion, down from June's 11.3 percent growth, while imports rose 11 percent to USD 146.9 billion, down from the previous month's 17.2 percent gain. Considering January to July 2017, the trade surplus fell to USD 231.7 billion from USD 287.8 billion in the same period of 2016. Balance of Trade in China averaged 93.39 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 Beats Expectations in July


China's trade surplus widened to USD 46.74 billion in July of 2017 from USD 48.61 billion in the same month a year earlier but above market consensus of USD 46.08 billion as exports and imports grew less.

Exports from China rose 7.2 percent year-on-year to USD 193.6 billion in July of 2017, easing from an 11.3 percent in the prior month and missing market expectations of 10.9 percent. It was the weakest incraese since February, as shipments to most major trading partners grew less, mainly to the US, South Korea and the EU. Meanwhile, exports to Japan rose at a faster pace.

Imports to China increased by 11 percent year-on-year to USD 146.9 billion in July of 2017, slowing from a 17.2 percent rise in June and missing market expectations of 16.6 percent. It was the slowest growth in imports since December last year due to cooling domestic demand.

The trade surplus with the United States narrowed to USD 25.2 billion from USD 25.4 billion in June, as exports grew less (8.9 percent versus 19.8 percent in June). The US and China have failed recently to agree on new steps to reduce the trade imbalances, worsening the economic and security relations. In contrast, the trade surplus with the European Union, the country's biggest trading partner, rose to USD 12.2 billion from USD 11.4 billion in June.

Considering January to July 2017, the trade surplus fell to USD 231.7 billion from USD 287.8 billion in the same period of 2016. 

In yuan-denominated terms, exports increased by 11.2 percent from a year earlier in July, following a 17.3 percent rise in June. Inbound shipments rose 14.7 percent, after growing 23.1 percent in the prior month. 

Rida Husna | rida@tradingeconomics.com
8/8/2017 12:52:14 PM


Recent Releases

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Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-08 03:00 AM May $40.81B $38.05B $46.32B $40B
2017-07-13 03:00 AM Jun $42.77B $40.79B $42.44B $40B
2017-08-08 03:00 AM Jul $46.74B $42.77B $46.08B $45B
2017-09-08 02:00 AM Aug $46.74B
2017-10-13 02:30 AM Sep $48B
2017-11-08 02:00 AM Oct


China Trade Last Previous Highest Lowest Unit
Balance of Trade 467.36 428.10 628.33 -319.71 USD HML [+]
Exports 1936.46 1965.80 2273.72 13.00 USD HML [+]
Imports 1469.09 1537.70 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 100.00 93.78 118.33 81.75 Index Points [+]
Foreign Direct Investment 726.60 656.46 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 3891.00 3903.00 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 5792670.00 6087765.00 6087765.00 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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
467.36 428.10 628.33 -319.71 1983 - 2017 USD HML Monthly
Current Prices, NSA



balance of trade by Country

Last
Australia 856.00 Jun/17
Brazil 6298.00 Jul/17
Canada -3601.90 Jun/17
China 467.36 Jul/17
Euro Area 26587.50 Jun/17
France -4657.00 Jun/17
Germany 22324.00 Jun/17
India -11449.80 Jul/17
Indonesia -271.20 Jul/17
Italy 4502.18 Jun/17
Japan 418.77 Jul/17
Mexico 61.53 Jun/17
Netherlands 6620.00 Jun/17
Russia 8690.00 Jun/17
South Korea 10646.00 Jul/17
Spain -1431000.00 May/17
Switzerland 2812.51 Jun/17
Turkey -6010.95 Jun/17
United Kingdom -4564.00 Jun/17
United States -43642.00 Jun/17