China's trade surplus was at USD 45.5 billion in May 2021, below market consensus of USD 50.5 billion and compared with a surplus of USD 61.9 billion in the same month a year earlier, amid strengthening yuan, a further recovery global demand and higher commodity prices. Exports jumped 27.9 percent while imports soared at a faster 51.1 percent. The country's trade surplus with the US increased to USD 31.78 billion in May from USD 28.11 billion in April. For the first five months of the year, China’s trade surplus with the US widened to USD 132.46 billion from USD 100.68 billion in January – April. Considering the first five months of the year, the trade surplus widened sharply to USD 203.45 billion, from USD 119.54 billion in the same period of 2020, as exports jumped 40.2 percent year-on-year to USD 1.24 trillion, while imports soared 35.6 percent to USD 1.03 trillion source: General Administration of Customs
Balance of Trade in China averaged 113.80 USD HML from 1981 until 2021, reaching an all time high of 769.91 USD HML in December of 2020 and a record low of -619.93 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 June of 2021.
Balance of Trade in China is expected to be 300.00 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 1020.00 in 12 months time. In the long-term, the China Balance of Trade is projected to trend around 1010.00 USD HML in 2022 and 950.00 USD HML in 2023, according to our econometric models.