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

China's trade surplus fell to USD 40.8 billion in May of 2017 from USD 44.7 billion a year earlier and missing market consensus of a USD 46.3 billion surplus, as exports rose less than imports. Year-on-year, sales grew by 8.7 percent to USD 191.0 billion, faster than a 8.0 percent rise in the prior month while markets expected a 7.0 percent gain. Purchases went up 14.8 percent to USD 150.2 billion, after an 11.9 percent increase in a month earlier and above estimates of a 8.5 percent rise. In April 2017, trade surplus stood at USD 38 billion. Balance of Trade in China averaged 91.70 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-13 02:00 AM Mar $23.93B $-9.15B $10B $9B
2017-05-08 04:00 AM Apr $38.05B $23.93B $35.5B $32B
2017-06-08 03:00 AM May $40.81B $38.05B $46.32B $40B
2017-07-13 02:00 AM Jun $40.79B $40B
2017-08-08 03:00 AM Jul
2017-09-08 02:00 AM Aug




China Trade Surplus Below Estimates In May


China's trade surplus fell to USD 40.8 billion in May of 2017 from USD 44.7 billion a year earlier and missing market consensus of a USD 46.3 billion surplus, as exports rose less than imports.

In May, sales grew by 8.7 percent from a year earlier to USD 191.0 billion, faster than an 8 percent rise in the prior month and beating market expectations of a 7 percent gain. 

Purchases went up 14.8 percent to USD 150.2 billion, after an 11.9 percent increase in a month earlier and above estimates of an 8.5 percent rise. 

In yuan-denominated terms, exports increased by 15.5 percent from a year earlier, compared to a 14.3 percent rise in April. Inbound shipments rose 22.1 percent, following a 18.6 percent gain in the prior month. 
In April 2017, trade surplus stood at USD 38 billion. 

Considering the first five months of 2017, total trade in USD went up 13.0 percent from a year earlier. Outbound shipments rose 8.2 percent, driven by rice (84.2 percent), coal and ignite (99.3 percent), coke (91.2 percent), crude (162.2 percent), refined oil (47.8 percent), plastic products (15.0 percent), footwear (7.5 percent), ceramic products (11.8 percent), precious metal and metal jewelry (12.0 percent), steel (10.9 percent), handheld radiotelephones and parts (9.4 percent), integrated circuit (1.1 percent), automatic data processing (8.1 percent), car and car chassis (24.5 percent), automobile parts (6.3 percent), ship (19.7 percent), liquid crystal (3.2 percent), furniture (5.9 percent), lamps, lighting (9.3 percent) and toys (45.8 percent). In contrast, sales fell for mineral fertiliser and fertiliser (-15.3 percent). Exports were higher to India (17.5 percent), Japan (6.4 percent), South Korea (14.2 percent), Taiwan (7.4 percent), ASEAN countries (11.2 percent), the EU countries (8.1 percent), Russia (22.0 percent), South Africa (15.9 percent), Brazil (35.4 percent), the US (11.5 percent), Australia (11.0 percent) and New Zealand (11.2 percent). In contrast, sales declined to Hong Kong (-4.1 percent).

Imports jumped 19.5 percent, mainly due to soybeans (33.9 percent), edible vegetable oil (21.6 percent), iron (67.7 percent), copper ore (19.1 percent), coal and ignite (133.2 percent), crude (64.9 percent), refined oil (27.0 percent), primary shape of plastics (20.4 percent), natural and synthetic rubber (89.6 percent), logs and sawn (20.1 percent), pulp (22.9 percent), textile yarn (22.6 percent) and integrated circuit (6.6 percent) and automobile parts (15.3 percent). In contrast, purchases declined for: mineral fertilizer (-10.7 percent) and metalworking machine tools (-10.0 percent). Japan was the main import partner (46.4 percent), followed by the ASEAN countries (23.3 percent), the US (21.4 percent), the EU countries (12.0 percent), South Korea (10.4 percent), Taiwan (10.4 percent) and Australia (59.3 percent)

In the near future, China's exports and imports are projected to stabilise and improve, the Ministry of Commerce said in its recent quarterly report.

General Administration of Customs of China | Rida Husna | rida@tradingeconomics.com
6/8/2017 11:44:41 AM



China Trade Last Previous Highest Lowest Unit
Balance of Trade 407.90 380.33 628.33 -319.71 USD HML [+]
Exports 1910.30 1799.88 2273.72 13.00 USD HML [+]
Imports 1502.20 1419.56 1830.94 16.60 USD HML [+]
Current Account 190.00 118.11 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 94.15 92.03 118.33 81.75 Index Points [+]
Foreign Direct Investment 341.08 415.50 1262.67 18.32 USD HML [+]
Capital Flows -190.00 464.08 464.08 -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 3929.00 3855.00 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 5949567.00 5533093.00 5949567.00 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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
407.90 380.33 628.33 -319.71 1983 - 2017 USD HML Monthly
Current Prices, NSA



balance of trade by Country

Last
Australia 555.00 Apr/17
Brazil 7661.00 May/17
Canada -370.30 Apr/17
China 407.90 May/17
Euro Area 17858.90 Apr/17
France -5535.00 Apr/17
Germany 18078.00 Apr/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 3601.32 Apr/17
Japan -203.37 May/17
Mexico -1079.20 May/17
Netherlands 3833.00 Apr/17
Russia 8001.00 Apr/17
South Korea 5990.00 May/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -4945.41 Apr/17
United Kingdom -2050.00 Apr/17
United States -47617.00 Apr/17