China Balance of Trade

Last Release

Jun 30, 2024

Actual

99.05

Units In

USD HML

82.62

Frequency

Monthly

Next Release

Aug 08, 2024

Time to Release

24 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
125.16 Feb 2024	-61.99 Feb 2020	15.93 USD HML	1981-2024	General Administration of Customs

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.

Latest Updates

China's trade surplus surged to USD 99.05 billion in June 2024 from USD 69.80 billion in the same period a year earlier, surpassing market expectations of USD 85 billion. It was the largest trade surplus since July 2022, as exports jumped while imports fell. Exports grew 8.6% from a year earlier, the fastest pace in 15 months and beating forecasts of an 8% gain, while imports unexpectedly dropped by 2.3%, missing the forecast of a 2.8% growth, and after a 1.8% rise in May. The trade surplus with the United States widened to USD 31.78 billion in June from USD 30.81 4 billion in the previous month. For the first half of 2024, the country recorded a surplus of USD 435 billion, with exports rising 3.6% to USD 1.71 trillion while imports advanced 2.0% to USD 1.27 trillion. The trade surplus with the United States stood at USD 159.9 billion for January - June 2024.