China Balance of Trade 1983-2015 | Data | Chart | Calendar | Forecast

China recorded a trade surplus of 606.19 USD Hundred Million in February of 2015. Balance of Trade in China averaged 69.51 USD Hundred Million from 1983 until 2015, reaching an all time high of 606.19 USD Hundred Million in February of 2015 and a record low of -319.71 USD Hundred Million in February of 2012. Balance of Trade in China is reported by the General Administration of Customs.

      Forecast    
China Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
606.19 600.30 606.19 -319.71 1983 - 2015 USD Hundred Million Monthly
Since 1995, China has been recording consistent trade surpluses which from 2004 to 2009 has increased 10 times. In 2014 as a whole, China’s trade growth reached only 3.4 percent, below the 7.5 percent target, as exports rose at a slower pace and imports almost remained unchanged. In 2014, the biggest trade surpluses were recorded with Hong Kong, the United States, Netherlands, Vietnam and the United Kingdom. China recorded trade deficits with Taiwan, South Korea, Australia and Germany. This page provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - China Balance of Trade - was last refreshed on Monday, March 30, 2015.


China's Trade Surplus at New Record High in February


China reported a USD 60.6 billion trade surplus in February of 2015 compared with a USD 22.9 billion deficit a year earlier as exports surged while imports dropped.

In February, exports grew by 48.3 percent year-on-year to USD 1691.90 billion as companies rushed to get orders processed before the Chinese New Year, which fell in the middle of February this year. Sales increased the most for mineral fertilizers (+88.4 percent), followed by ceramic products (+86.3 percent); unwrought aluminium and aluminium (+66.7 percent); rice (+61.3 percent); lamps, lighting features and parts (+46.2 percent); toys (+32.7 percent); furniture & parts thereof (+31.7 percent); steel (+30.6 percent); bags & similar containers (+25.1 percent); water seafood (+24.6 percent); textile yarn (+23.1 percent); crude (+19.5 percent) and clothing & accessories (+17.9 percent). In contrast, exports declined for: precious metals (-63.7 percent); coal (-53.4 percent); refined oil (-33.9 percent) and automatic data processing equipments (-13.5 percent).

Outbond shipments to the country's trading partners mostly increased except those to India, Japan and Russia. Exports to the ASEAN countries rose 38.2 percent, followed by the US (+ 21.0 percent), Hong Kong (+15.0 percent), Taiwan (+12.5 percent), Vietnam (+47.6 percent), the EU countries (+12.6 percent), South Africa (+31.4 percent), Brazil (+4.4 percent), Australia (+20.0 percent) and New Zealand (+38 percent). In contrast, sales fell to: India (-5.6 percent), Japan (-4.4 percent), and Russia (-27.0 percent).
 
Imports declined by 20.5 percent year-on-year to USD 1085.72 billion as a result of falling commodity prices. Purchases in value terms  declined for: iron ore & concentrate (-45.4 percent), crude oil (-43.9 percent), coal (-55.2 percent) and natural & synthetic rubber (-41.9  percent). Inbound shipments from the country's main trading partners were down except from Vietnam. Imports from India decreased by 23.6 percent), followed by Hong Kong (-20.2 percent), the ASEAN countries (-18.4 percent), the US (-16.9 percent), Japan (-14.1 percent), the EU countries (-11.3 percent), South Korea (-8.9 percent), New Zealand (-41.9 percent), Australia (-28.2 percent), South Africa (-52.5 percent), Russia (-34.5 percent) and Brazil (-38.2 percent). Imports rose only from Vietnam (+20.7 percent).
 
In January 2015, the country registered a USD 60.0 billion trade surplus.

During the first two months of 2015, China's total trade surplus reached USD 120.7 billion, as compared to a USD 8.9 billion leftovers in the same period of  2014. 
 


General Administration of Customs l Rida Husna l rida@tradingeconomics.com
3/8/2015 12:18:10 PM


Recent Releases

China Posts Highest Trade Surplus on Record in January
China reported a USD 60 billion trade surplus in January of 2015 compared with a USD 31.86 billion surplus a year earlier as imports fell at a faster pace than exports. Published on 2015-02-08

China Reports USD 49.6 B Trade Surplus in December
China reported a USD 49.6 billion trade surplus in December of 2014, up from a USD 25.6 billion surplus a year earlier. It is the third highest surplus on record, as exports beat market expectations and surged 9.7 percent year-on-year. Published on 2015-01-13


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-13 02:00 AM
Balance of Trade  Dec
$49.6B $54.5B $49.85B $ 49.5B
2015-02-08 02:40 AM
Balance of Trade  Jan
$60.0B $49.6B $ 48.9B $ 53.7B
2015-03-08 02:38 AM
Balance of Trade  Feb
$ 60.6B $60.0B $ 10.8B $ 52.9B
2015-04-10 03:00 AM
Balance of Trade  Mar
$ 60.6B $ 57.7B
2015-05-08 03:00 AM
Balance of Trade  Apr
$ 62.2B
2015-06-08 03:00 AM
Balance of Trade  May
$ 66.2B


China Trade Last Previous Highest Lowest Unit
Balance of Trade 606.19 600.30 606.19 -319.71 USD Hundred Million [+]
Exports 1691.91 1963.62 2275.14 13.00 USD Hundred Million [+]
Imports 1085.72 1376.12 1830.94 16.60 USD Hundred Million [+]
Current Account 2.00 2.00 1330.85 -8.96 USD Hundred Million [+]
Current Account to GDP 2.00 2.60 10.10 -3.70 percent [+]
External Debt 8631.67 7369.86 8631.67 158.28 USD Hundred Million [+]
Terms of Trade 111.06 110.60 118.33 81.75 Index Points [+]
Foreign Direct Investment 2248.00 1392.00 2248.00 18.32 USD Hundred Million [+]
Capital Flows -912.00 -90.31 1320.80 -912.00 USD HML [+]
Tourist Arrivals 161.00 186.90 216.60 21.70 Tens of Thousands [+]
Gold Reserves 1054.09 1054.09 1054.09 395.01 Tonnes [+]
Crude Oil Production 4225.00 4175.00 4281.00 1012.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -980.00 Jan/15 -503.00 2219.00 -3897.00 AUD Million [+]
Brazil -2841.76 Feb/15 -3173.95 5659.37 -4058.14 USD Million [+]
Canada -2451.00 Jan/15 -1218.00 8524.80 -2902.90 CAD Million [+]
China 606.19 Feb/15 600.30 606.19 -319.71 USD Hundred Million [+]
Euro Area 7943.60 Jan/15 24009.80 24009.80 -16638.00 EUR Million [+]
France -3726.00 Jan/15 -3296.00 2674.00 -7086.00 EUR Million [+]
Germany 15900.00 Jan/15 18900.00 23400.00 -535.91 EUR Million [+]
India -6847.00 Feb/15 -8322.00 258.90 -20210.90 USD Million [+]
Indonesia 738.30 Feb/15 743.50 4641.92 -2329.13 USD Million [+]
Italy 219.00 Jan/15 5741.00 6923.00 -6389.30 EUR Million [+]
Japan -425.00 Feb/15 -1177.50 1608.67 -2795.04 JPY Billion [+]
Mexico 558.30 Feb/15 -3248.00 1710.25 -3292.30 USD Million [+]
Netherlands 5138.00 Jan/15 4891.20 5138.00 -907.60 EUR Million [+]
Russia 15047.00 Jan/15 12927.00 20356.00 -185.00 USD Million [+]
South Korea 7706.30 Feb/15 5362.32 7706.31 -4043.45 USD Million [+]
Spain -2596200.00 Jan/15 -1821800.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2472.61 Feb/15 3409.00 3894.91 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -616.00 Jan/15 -2142.00 2946.00 -5397.00 GBP Million [+]
United States -41752.00 Jan/15 -45601.00 1946.00 -67823.00 USD Million [+]