China Balance of Trade  1983-2016 | Data | Chart | Calendar | Forecast

China trade surplus stood at USD49.98 billion in May of 2016, down from USD58.87 billion reported a year earlier and below market estimates, as exports fell more than imports. In May, exports declined by 4.1 percent year-on-year to USD181.06 billion, following a 1.8 percent drop in the preceding month and market consensus of a 3.6 percent drop. Imports dropped by 0.4 percent to USD131.08 billion while markets expected a 6.0 percent fall. It is the 19th straight month of contraction, as a result of declining commodity prices and weak demand. In April 2016, the country registered a USD45.56 billion trade surplus. Balance of Trade in China averaged 83.32 USD HML from 1983 until 2016, reaching an all time high of 632.87 USD HML in January of 2016 and a record low of -319.71 USD HML in February of 2012. Balance of Trade in China is reported by the General Administration of Customs.

China Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
499.80 455.62 632.87 -319.71 1983 - 2016 USD HML Monthly
Current Prices, NSA
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-13 02:00 AM Mar $29.86B $32.59B $30.85B $35B
2016-05-08 02:00 AM Apr $45.56B $29.86B $40B $32B
2016-06-08 02:00 AM May $49.98B $45.56B $58B $46B
2016-07-13 02:00 AM Jun $49.98B $50B
2016-08-08 02:00 AM Jul $49B
2016-09-08 02:00 AM Aug $38B

China Trade Surplus Narrows in May


China trade surplus stood at USD49.98 billion in May of 2016, down from USD58.87 billion reported a year earlier and below market estimates, as exports fell worse than expected while imports dropped much less than in a month earlier.

In May, exports declined by 4.1 percent year-on-year to USD181.06 billion, following a 1.8 percent drop in the preceding month and market consensus of a 3.6 percent drop. Imports dropped  by 0.4 percent to USD131.08 billion while markets expected a 6.0 percent fall. It is the 19th straight month of contraction, as a result of declining commodity prices and weak demand. In April 2016, the country registered a USD45.56 billion trade surplus.

From January to May 2016, exports dropped by 7.3 percent from the same period a year earlier. Outbound shipments declined for: Chinese herbal and medicine (-13,6 percent), coke and semi-coke (-36.7 percent), crude (-67.2 percent), refined oil (-7.1 percent), mineral fertilizer (-42.4 percent), clothing & accessories (-3.6 percent), footwear (-8.7 percent), ceramic (-13.5 percent), precious metals (-13.9 percent), steel (-22.4 percent), unwrought aluminium and aluminium (-18.2 percent), handheld wireless phone & its parts (-12.4 percent), automatic data processing equipment and parts (-14.5 percent), shipping (-25.0 percent), LCD panel (-17.0 percent), furniture & parts (-9.9 percent) and lamps, lighting fixture (-9.3 percent). In contrast, Sales rose for: rice (+35.1 percent), coal & ignite (+49.1 percent), plastics (+0.9 percent), integrated circuit (+10.7 percent) and toys (+11.0 percent). Exports were down to: Hong Kong (-4.7 percent), Japan (-6.6 percent), South Korea (-8.7 percent), Taiwan (-10.7 percent), the ASEAN countries (-20.8 percent), the EU countries (-5.6 percent), Russia (-39.3 percent), South Africa (-11.8 percent), the US (-9.6 percent), Australia (-5.3 percent) and New Zealand (-7.7 percent). In contrast, outbound shipments rose to India (+2.5 percent).

Imports decreased by 10.3 percent year-on-year. Purchases from most of the country's trading partners declined except Hong Kong, Vietnam and Brazil. Those from India fell by 18.3 percent, followed by Japan (-5.1 percent), South Korea (-11.3 percent), Taiwan (-2.7 percent), the ASEAN countries (-14.0 percent) and the EU countries (-5.2 percent). Purchases also dropped from the US (-12.8 percent), South Africa (-26.8 percent), Australia (-19.3 percent) and New Zealand (-0.2 percent). In contrast,  imports rose from Hong Kong (+146.8 percent), Vietnam (+15.1 percent) and Brazil (+17.3 percent). 

General Administration of Customs l Rida Husna | rida@tradingeconomics.com
6/8/2016 5:17:55 AM

China Trade Last Previous Highest Lowest Unit
Balance of Trade 499.80 455.62 632.87 -319.71 USD HML [+]
Exports 1810.64 1727.63 2275.13 13.00 USD HML [+]
Imports 1310.84 1272.00 1830.94 16.60 USD HML [+]
Current Account 481.00 918.83 1330.85 -8.96 USD HML [+]
Current Account to GDP 2.70 2.10 10.10 -3.70 percent [+]
External Debt 14162.00 8955.00 14162.00 158.28 USD HML [+]
Terms of Trade 101.58 101.34 118.33 81.75 Index Points [+]
Foreign Direct Investment 343.55 453.00 1262.70 18.32 USD HML [+]
Capital Flows -481.00 -843.00 114.24 -1305.58 USD HML [+]
Tourist Arrivals 128.50 161.00 216.60 21.70 Tens of Thousands [+]
Gold Reserves 1797.46 1762.32 1797.46 395.01 Tonnes [+]
Crude Oil Production 4133.00 4206.00 4408.00 1012.00 BBL/D/1K [+]
Terrorism Index 6.29 5.08 6.29 1.47 [+]
Weapons Sales 1966.00 1360.00 2606.00 3.00 USD Million [+]
Exports to India 5298528.00 4425293.00 5533350.00 2326991.00 USD THO [+]




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Australia -1579.00 Apr/16
Austria 142.00 Mar/16
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Belgium 1249.00 Apr/16
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Brazil 6437.00 May/16
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Czech Republic 56003.00 Apr/16
Denmark 7736.70 Apr/16
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Gabon 3711.95 Dec/13
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Germany 25607.00 Apr/16
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Hungary 299000.00 Apr/16
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India -6272.90 May/16
Indonesia 375.60 May/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4533900.00 Apr/16
Israel -950.30 Apr/16
Italy 4519.87 Apr/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan -40.72 May/16
Jordan -887215.00 Mar/16
Kazakhstan 711.70 Apr/16
Kenya -72360.00 Apr/16
Kosovo -227670.00 Apr/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -164.00 May/16
Lebanon -1373.07 Apr/16
Lesotho -2961.47 Dec/15
Liberia -115.60 Mar/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -242.70 Apr/16
Luxembourg -0.39 Apr/16
Macau -4817945.50 Apr/16
Macedonia -192142.00 Apr/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 9060.00 Apr/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -247000.00 Apr/16
Mauritania -24.89 Dec/15
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Mexico -527.00 May/16
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Monaco 7.80 Mar/16
Mongolia 124.70 Apr/16
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Myanmar -914.60 Nov/15
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Nepal -58541.90 Dec/15
Netherlands 4942.00 Apr/16
New Caledonia -11870.00 Mar/16
New Zealand 358.00 May/16
Nicaragua -234.30 Mar/16
Niger -441985.00 Sep/15
Nigeria 171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6567.00 May/16
Oman -45.20 Dec/15
Pakistan -227733.00 May/16
Palestine -326.70 Mar/16
Panama -843451.00 Apr/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 13.00 Apr/16
Philippines -2275000.00 Apr/16
Poland 520.00 Apr/16
Portugal -708.00 Apr/16
Puerto Rico 2091.50 Apr/16
Qatar 4782.00 Apr/16
Republic of the Congo 4092.35 Dec/10
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Russia 6750.00 Apr/16
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Saudi Arabia 22467.00 Dec/15
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Singapore 6124.50 May/16
Slovakia 404.00 Apr/16
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South Africa 430.54 Apr/16
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