China's trade surplus jumped to USD 78.76 billion in May 2022 from USD 43.28 billion in the same month a year earlier, exceeding market forecasts of a surplus of USD 58.0 billion. This was the largest figure since the start of the year, as authorities relaxed COVID-19 control measures in Shanghai and Beijing. Exports grew 16.9% yoy, the most in four months, on the back of a resume of factory production and an easing of logistic issue; while imports rose by 4.1 percent, picking up from a stagnation in April, as domestic demand recovered. Considering the first five months of the year, the trade surplus was at USD 290.46 billion, with exports rising 13,5% while imports gained 6.6%. The trade surplus with the US widened to $153 billion. source: General Administration of Customs
Balance of Trade in China averaged 12.64 USD Billion from 1981 until 2022, reaching an all time high of 94.38 USD Billion in December of 2021 and a record low of -61.99 USD Billion 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 July of 2022.
Balance of Trade in China is expected to be 66.00 USD Billion 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 95.00 USD Billion in 2023, according to our econometric models.