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.

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China Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-12-07 03:00 AM Nov $71.72B $84.54B $82.75B $79B
2022-01-14 03:00 AM Dec $94.46B $71.72B $74.5B $ 73B
2022-03-07 03:00 AM Jan-Feb $94.46B $450B


Related Last Previous Unit Reference
Balance of Trade 944.60 717.20 USD HML Dec/21
Imports 2460.35 2538.14 USD HML Dec/21
Exports 3404.99 3255.25 USD HML Dec/21
Terms of Trade 91.41 92.39 points Nov/21

News Stream
China Trade Surplus Hits New High
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.
2022-01-14
China Trade Surplus Smaller than Forecast
China's trade surplus narrowed to USD 71.7 billion in November 2021 from USD 74.25 billion in the same month a year earlier, and far below market forecasts of USD 82.75 billion. Export growth slowed sharply on the back of a strong yuan, weakening demand due to the emergence of the Omicron COVID-19 variant and higher costs, while imports rose at a faster pace following the easing of the power crunch. Considering the first eleven months of the year, the trade surplus widened to USD 582.3 billion from USD 448.2 billion in the same period of 2020.
2021-12-07
China Trade Surplus Hits Record Peak
China's trade surplus surged to a record high of USD 84.54 billion in October 2021 from USD 57.32 billion in the same month a year earlier, easily beating market forecasts of USD 65.55 billion. Exports extended their double-digit growth for the 13th month running, rising by 27.1 percent year-on-year to USD 300.22 billion; while imports grew at a softer 20.6 percent to USD 215.68 billion. Considering the first ten months of the year, the trade surplus widened to USD 513.74 billion from USD 373.92 billion in the same period of 2020. Meanwhile, the trade surplus with the US narrowed to USD 40.75 billion from USD 42.0 billion in September. For the January to October period, China's trade surplus with the country was at USD 320.67 billion.
2021-11-07

China Balance of Trade
Since 1995, China has been recording consistent trade surpluses. In 2021, the surplus hit $676.43 billion, the highest since records started in 1950, up from $523.99 bln in 2020 as exports increased more than 20% boosted by the post-covid economic recovery.