China's trade surplus widened to USD 45.34 billion in April 2020 from USD 13.02 billion in the same month the previous year and far above market expectations of a USD 9.7 billion surplus. Exports unexpectedly rose for the first time in four months while imports posted the biggest drop in over four years amid the coronavirus outbreak. China's politically sensitive trade surplus with the US was USD 22.9 billion in April, compared to USD 15.3 billion in March. Considering the first four months of the year, the trade surplus narrowed to USD 58.40 billion from USD 85.89 billion in the corresponding period of 2019.

Balance of Trade in China averaged 102.71 USD HML from 1981 until 2020, reaching an all time high of 612.86 USD HML in October of 2015 and a record low of -320.02 USD HML in February of 2012. 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 June of 2020. source: General Administration of Customs

Balance of Trade in China is expected to be 600.00 USD HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in China to stand at 490.00 in 12 months time. In the long-term, the China Balance of Trade is projected to trend around 410.00 USD HML in 2021, according to our econometric models.

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China Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
453.39 199.33 612.86 -320.02 1981 - 2020 USD HML Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-01-14 03:00 AM Dec $46.79B $37.93B $48B $50.8B
2020-03-07 03:00 AM Jan-Feb $-7.09B $47.21B $24.6B $34.5B
2020-04-14 03:30 AM Mar $19.9B $-7.09B $18.55B $18B
2020-05-07 03:00 AM Apr $45.34B $19.93B $9.7B $9.0B
2020-06-07 03:00 AM May $45.34B $39B $41.8B
2020-07-14 03:00 AM Jun $ 60B
2020-08-07 03:00 AM Jul
2020-09-07 03:00 AM Aug


News Stream
China April Trade Surplus Larger than Forecast
China's trade surplus widened to USD 45.34 billion in April 2020 from USD 13.02 billion in the same month the previous year and far above market expectations of a USD 9.7 billion surplus. Exports unexpectedly rose for the first time in four months while imports posted the biggest drop in over four years amid the coronavirus outbreak. China's politically sensitive trade surplus with the US was USD 22.9 billion in April, compared to USD 15.3 billion in March. Considering the first four months of the year, the trade surplus narrowed to USD 58.40 billion from USD 85.89 billion in the corresponding period of 2019.
2020-05-07
China March Trade Surplus Larger than Forecast
China's trade surplus narrowed sharply to USD 19.9 billion in March 2020 from USD 31.5 billion in the same month of the previous year, but slightly above market expectations of USD 18.55 billion. Exports and imports fell less than anticipated as factories resumed production. China's politically sensitive trade surplus with the United States was USD 15.3 billion, accounting for three-quarters of its March surplus. For the first three months of the year, China's trade surplus totaled USD 12.8 billion.
2020-04-14
China Posts First Trade Gap Since March 2018
China unexpectedly reported a trade deficit of USD 7.09 billion in January-February 2020 combined, missing market expectations of a surplus of USD 24.6 billion. This was the first trade gap since March 2018, reflecting the severe impact of the rapid spread of COVID-19 outbreak to the country's economy. Year-on-year, exports slumped 17.2 percent to USD 292.49 billion, compared with market estimates of a 14.2 percent fall; while imports shrank 4% to USD 299.54 billion, compared with consensus of a 15 percent decline. China's trade surplus with the US for the first two months of the year stood at USD 25.37 billion, much lower than a surplus of USD 42.16 billion in the corresponding period a year earlier.
2020-03-07
China Delays Trade Data Release
China will combine January and February trade data, instead of releasing separate figures for each month, Reuters reported. The country applies the same procedure to other indicators such as industrial production, fixed investment and retail sales, aiming to better deal with distortions caused by the Lunar New Year holidays which fall in either January or February, depending on the years. China trade data for January was expected to be released on February 7th but was delayed.
2020-02-07

China Balance of Trade
Since 1995, China has been recording consistent trade surpluses which from 2004 to 2009 has increased 10 times. In 2019, China posted a trade surplus of USD 421.9 billion, the biggest since 2016, as exports increased 0.5 percent and imports fell 2.7 percent on weak domestic demand and trade tensions with the US. The biggest trade surpluses were recorded with the US, Hong Kong, the EU - in particular the Netherlands, the UK, Poland, Spain, Italy and Belgium - India, Vietnam, the Philippines, Singapore, the UAE, Pakistan, Turkey and Indonesia. The largest deficits were recorded with Taiwan, Australia, South Korea, Brazil, Saudi Arabia, Japan, Germany, Switzerland, Malaysia, Oman, Chile and Russia.