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

China reported a USD 52.31 billion trade surplus in July of 2016, compared to a USD 41.87 billion surplus a year earlier and beating market estimates. It was the largest trade surplus since January as exports fell much less than imports. In July, sales declined by 4.4 percent year-on-year to USD 184.73 billion, following a 4.8 percent drop in the preceding month and market consensus of a 3.0 percent drop. Imports shrank for the 21st straight month by 12.5 percent to USD 132.42 billion, while markets expected a 7.0 percent fall, as a result of declining commodity prices and weak demand. Considering the first seven months of 2016, total trade in USD decreased by 6.7 percent from a year earlier. Exports dropped by 7.4 percent, while imports fell by 10.5 percent. Balance of Trade in China averaged 85.15 USD HML from 1983 until 2016, reaching an all time high of 627.45 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
523.08 481.08 627.45 -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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-08 02:00 AM May $49.98B $45.56B $58B $46B
2016-07-13 07:35 AM Jun $48.11B $49.98B $46.64B $50B
2016-08-08 03:00 AM Jul $52.31B $48.11B $47.6B $49B
2016-09-08 02:00 AM Aug $52.31B $38B
2016-10-10 02:00 AM Sep $42B
2016-11-08 02:00 AM Oct $48.9B

China Trade Surplus Largest in 6 Months in July


China reported a USD 52.31 billion trade surplus in July of 2016, compared to a USD 41.87 billion surplus a year earlier and beating market estimates. It was the largest trade surplus since January as exports fell much less than imports.

In July, exports declined by 4.4 percent year-on-year to USD 184.73 billion, following a 4.8 percent drop in the preceding month and market consensus of a 3.0 percent drop. 

Imports shrank  by 12.5 percent to USD 132.42 billion, compared to a 8.4 percent decrease in June, while markets expected a 7.0 percent fall. It was the 21st straight month of contraction and the fastest fall since February, as a result of declining commodity prices and weak demand.

In yuan-denominated terms, sales grew by 2.9 percent from a year ago, following a 1.3 percent rise in June, while  inbound shipments fell 5.7 percent, compared to a 2.3 percent decline in the preceding month.

In June 2016, the country registered a USD 46.60 billion trade surplus.

Considering the first seven months of 2016, total trade in USD decreased by 6.7 percent from a year-earlier. Exports dropped by 7.4 percent as sales were down to Hong Kong (-4.8 percent), Japan (-6.1 percent), South Korea (-8.7 percent), Taiwan (-11.4 percent), ASEAN countries (-6.4 percent), the EU countries (-4.4 percent), the US (-9.9 percent), South Africa (-23.4 percent), Australia (-7.4 percent) and New Zealand (-7.2 percent). In contrast, outbound shipments rose to India (+1.8 percent) and Russia (+10.0 percent). Imports slumped 10.5 percent, mainly due to lower commodity prices. In volume terms, inbound shipments declined for: fresh, dried fruits & nuts (-9.8 percent), cereal & cereal flour (-29.9 percent), iron ore & concentrates (-20.2 percent), natural gas (-20.5 percent), plastics in primary forms (-17.6 percent) and natural & synthetic rubber (-6.0 percent). In contrast, purchases were higher for edible oil (+3.8 percent), copper ore & concentrates (+8.1 percent), coal & ignite (+36.1 percent), crude (+6.7 percent), refined oil (+12.1 percent), mineral fertiliser (+16.0 percent) and pharmaceuticals (+19.6 percent).

General Administration of Customs l Rida Husna | rida@tradingeconomics.com
8/8/2016 7:57:51 AM

China Trade Last Previous Highest Lowest Unit
Balance of Trade 523.08 481.08 627.45 -319.71 USD HML [+]
Exports 1847.33 1803.83 2273.72 13.00 USD HML [+]
Imports 1324.25 1322.75 1830.94 16.60 USD HML [+]
Current Account 594.00 393.44 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 101.14 101.58 118.33 81.75 Index Points [+]
Foreign Direct Investment 771.30 694.20 1262.70 18.32 USD HML [+]
Capital Flows -594.00 -1.61 95.16 -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 3973.00 4036.00 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 5370997.00 4971603.00 5533350.00 2326991.00 USD THO [+]




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Angola 3002.24 Dec/15
Argentina 270.00 Jul/16
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Australia -3195.00 Jun/16
Austria -25.00 May/16
Azerbaijan 621706.00 Mar/16
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Bahrain 1513.00 Dec/15
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Belarus -71.50 Jun/16
Belgium 1512.30 Jun/16
Belize -131.21 Jun/16
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Bolivia -136.10 Mar/16
Bosnia and Herzegovina -526211.72 Jul/16
Botswana 4100.60 May/16
Brazil 4578.00 Jul/16
Brunei 166.50 Jun/16
Bulgaria -75.50 Jun/16
Burkina Faso -49.00 Sep/14
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Cambodia -109.60 Feb/16
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Chad 1166.10 Dec/11
Chile -90.13 Jul/16
China 523.08 Jul/16
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Congo 1001.80 Dec/14
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Croatia -4704.00 Jun/16
Cuba -9578.00 Dec/15
Cyprus -318121.00 Jun/16
Czech Republic 50618.00 Jun/16
Denmark 7481.80 Jun/16
Djibouti -119840.00 Dec/14
Dominican Republic -631.90 Mar/16
East Timor -38853.09 May/16
Ecuador 235011.00 Jun/16
Egypt -3379.00 Jun/16
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Euro Area 29248.20 Jun/16
European Union 7650.10 Jun/16
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Finland 325.00 Jun/16
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Gabon 3711.95 Dec/13
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Germany 24869.00 Jun/16
Ghana -773.70 Mar/16
Greece -1463.00 Jun/16
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Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -4.40 Mar/16
Haiti -208.97 Apr/16
Honduras -361.50 May/16
Hong Kong -33307.00 Jul/16
Hungary 355000.00 Jun/16
Iceland -9600.00 Jul/16
India -7761.40 Jul/16
Indonesia 598.30 Jul/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4502100.00 Jun/16
Israel -1600.20 Jul/16
Italy 4662.00 Jun/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan 513.51 Jul/16
Jordan -702809.00 May/16
Kazakhstan 1055.00 Jun/16
Kenya -79107.00 Jun/16
Kosovo -216894.00 Jun/16
Kuwait 402.00 Mar/16
Kyrgyzstan -222.60 May/16
Laos -594.89 Dec/15
Latvia -169.00 Jun/16
Lebanon -1258.95 Jun/16
Lesotho -3543.23 Mar/16
Liberia -79.80 Apr/16
Libya -17675.60 Dec/14
Liechtenstein 326579.00 Jun/16
Lithuania -233.30 Jun/16
Luxembourg -0.44 Jun/16
Macau -4888852.71 Jun/16
Macedonia -183852.00 Jun/16
Madagascar -306742.00 Jun/16
Malawi -31524.80 Sep/15
Malaysia 5517.62 Jun/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -241648.00 Jun/16
Mauritania -24.89 Dec/15
Mauritius -6215.00 Jun/16
Mexico -1827.09 Jul/16
Moldova -167.30 Jun/16
Monaco 7.80 Mar/16
Mongolia 15.20 Jul/16
Montenegro -175013.00 Jul/16
Morocco -16665.00 Jun/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -77662.70 Mar/16
Netherlands 4902.00 Jun/16
New Caledonia -9890.65 Jun/16
New Zealand -433.26 Jul/16
Nicaragua -195.00 May/16
Niger -441985.00 Sep/15
Nigeria -171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 13951.12 Jul/16
Oman -45.20 Dec/15
Pakistan -217594.00 Jul/16
Palestine -408.60 May/16
Panama -939006.70 Jun/16
Papua New Guinea 3957.00 Dec/15
Paraguay 99931.00 Jul/16
Peru -277.50 Jun/16
Philippines -2098494.00 Jun/16
Poland 404.00 Jun/16
Portugal -923.50 Jun/16
Puerto Rico 2091.50 Apr/16
Qatar 6694.00 Jul/16
Republic of the Congo 4092.35 Dec/10
Romania -695.80 Jun/16
Russia 8114.00 Jun/16
Rwanda -142.60 May/16
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 16295.00 Mar/16
Senegal -151.57 Jun/16
Serbia -464.50 Jun/16
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Sierra Leone -33.70 Dec/15
Singapore 6519.51 Jul/16
Slovakia 515.00 Jun/16
Slovenia 174.81 Jun/16
Somalia -1473.48 Dec/15
South Africa 12530.50 Jun/16
South Korea 7793.00 Jul/16
South Sudan -104.70 Dec/15
Spain -1357000.00 Jun/16
Sri Lanka -811.00 Jun/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden 1800.00 Jun/16
Switzerland 2930.41 Jul/16
Syria 9394.50 Dec/10
Taiwan 3608.26 Jul/16
Tajikistan -168.70 Jun/16
Tanzania -223.30 Apr/16
Thailand 1213.00 Jul/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -822.00 Jul/16
Turkey -6559.00 Jun/16
Turkmenistan 2228.22 Dec/14
Uganda -199.50 Jun/16
Ukraine 11.40 Jun/16
United Arab Emirates 328300.00 Dec/15
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Uruguay 285352.00 Jun/16
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Venezuela -782.00 Sep/15
Vietnam 200.00 Aug/16
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