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China Balance of Trade

Last Release
Aug 2021
Actual
583.31 USD HML
Forecast
26.7 USD HML
Previous
565.89 USD HML
Frequency
Monthly
Units In
USD HML
Next Release
Oct 13, 2021
Time to Release
17 Days 23 Hours
Highest
Lowest
Average
Date Range
Source
781.74 USD HML
Dec 2020
-320.02 USD HML
Feb 2012
116.48 USD HML1981 - 2021General 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 was at USD 58.34 billion in August 2021, above market consensus of USD 51.05 billion and compared with a surplus of USD 57.14 billion in the same month a year earlier. It was the largest trade surplus since January, amid surging commodity prices, and as both exports and imports hit record values. Exports grew 25.6 percent from a year earlier to USD 294.32 billion, while imports jumped 33.1 percent to USD 235.98 billion. The trade surplus with the United States widened to USD 37.68 billion from USD 35.43 billion in July. Considering the first eight months of the year, the trade surplus widened to USD 370 billion from USD 342.52 billion in the same period of 2020, as exports surged 33.7 percent year-on-year to USD 2.10 trillion, while imports jumped 34.8 percent to USD 1.73 trillion.

China Balance of Trade History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 7, 202103:16China Trade Surplus Largest in 7 Months
Aug 7, 202103:03China Trade Surplus Largest in 6 Months
May 7, 202103:22China Trade Surplus Larger than Expected
Apr 13, 202103:46China Trade Surplus Smaller than Estimated
Mar 7, 202103:33China Trade Surplus Larger than Expected
Jan 14, 202102:36China Trade Surplus Hits New Record High
Dec 7, 202006:25China Posts Largest Trade Surplus on Record
DATETIMEEVENTActual
Nov 8, 201903:00Balance of Trade42.81 B
Oct 14, 201902:30Balance of Trade39.65 B
Sep 8, 201904:00Balance of Trade34.83 B
Aug 8, 201903:00Balance of Trade45.05 B
Jul 12, 201907:50Balance of Trade50.98 B
Jun 10, 201903:00Balance of Trade41.66 B
May 8, 201903:00Balance of Trade13.84 B

China trade Indicators

All China indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Balance of Trade
583.31
Aug 2021
565.89
Jul 2021
-320.02
Feb 2012
781.74
Dec 2020
USD HMLMonthly1981 - 2021
Capital Flows
-528
Jun 2021
-695.09
Mar 2021
-1,305.58
Dec 2008
725.4
Mar 2018
USD HMLQuarterly1998 - 2021
Crude Oil Production
3,782
Dec 2019
3,820
Nov 2019
1,012
Apr 1973
4,408
Jun 2015
BBL/D/1KMonthly1973 - 2019
Current Account
528
Jun 2021
694.46
Mar 2021
-341
Mar 2018
1,330.85
Dec 2008
USD HMLQuarterly1998 - 2021
Current Account to GDP
1.9
Dec 2020
0.8
Dec 2019
-3.7
Dec 1985
10.1
Dec 2007
% of GDPYearly1980 - 2020
Exports
2,943.16
Aug 2021
2,826.62
Jul 2021
12.5
Feb 1983
2,943.16
Aug 2021
USD HMLMonthly1981 - 2021

Balance of Trade across Asia

Balance of Trade global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Afghanistan
-5,760.9
Dec 2020
-5,912.95
Dec 2019
-8,517.9
Dec 2012
-1,660.9
Dec 2005
USD MillionYearly2003 - 2020
Azerbaijan
1,548,839
Mar 2021
167,957
Jan 2021
-306,551
Dec 1998
8,201,764
Jun 2008
USD ThousandQuarterly1998 - 2021
Bangladesh
-218.4
Jun 2021
-77.6
Oct 2020
-218.4
Jun 2021
0
Aug 1992
BDT BillionMonthly1976 - 2021
Bhutan
-9,612.77
Mar 2021
-5,286.51
Dec 2020
-12,698.1
Dec 2015
7,255.77
Sep 2020
BTN MillionQuarterly1991 - 2021
Brunei
210.3
Dec 2019
140.7
Nov 2019
34.1
Jul 2015
2,971.45
Sep 2008
BND MillionMonthly2005 - 2019
Cambodia
-1,422.4
Sep 2019
-621.1
Aug 2019
-3,753
Dec 2013
363.2
Aug 2017
KHR BillionMonthly2009 - 2019

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