China Balance of Trade

China recorded a trade surplus of 181.61 USD Hundred Million in April of 2013. Balance of Trade in China is reported by the General Administration of Customs. Historically, from 1983 until 2013, China Balance of Trade averaged 53.19 USD Hundred Million reaching an all time high of 404 USD Hundred Million in November of 2008 and a record low of -319.81 USD Hundred Million in February of 2012. Since 1995 China has been recording consistent trade surpluses. From 2004 to 2009 China’s annual trade surplus has increased 10 times. Yet, as the global demand is slowing down and import of commodities for vast infrastructure projects and consumer goods is growing, there has been a significant decline in trade surplus. In the last few years, the biggest trade surpluses were recorded with the United States, Netherlands, United Kingdom, Vietnam and Singapore. The biggest trade deficits were recorded with Taiwan, South Korea, Australia, Germany, South Africa, Japan and Brazil. This page includes a chart with historical data for China Balance of Trade.

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China Returns to Trade Surplus In April
Nuno Fontes | nuno@tradingeconomics.com  |  5/8/2013 12:10:54 PM


China's exports rose 14.7 percent in April from a year ago while imports grew 16.8 percent, leaving the country with a trade surplus of $18.16 billion for the month. That compares with a trade surplus of $18.5 billion a year earlier and deficit of $0.8 billion in March.

The 14.7 percent increase in exports was led by a 57.2 percent jump in shipments to Hong Kong. 
 
Imports were stronger than expected rising 16.8% yoy after a 14.1% growth in March, giving some encouragement about China's appetite for global commodities.
 
In April, imports from the United States increased 20 percent year-on-year while exports decreased 0.1 percent. Exports to the European Union were down 6 percent and imports up 12 percent. Trade with Japan decreased; exports by 1.2 percent and imports 3.3 percent. Exports to ASEAN and Taiwan rose 37 percent and 49 percent, respectively.
 
For the first four months of the year, China had a trade surplus of $61 billion and total trade increased by 14 per cent year-on-year to $1.33 trillion in the same period.
 
China’s trade data have come under scrutiny because of the defference from the trends in neighbouring countries. There is evidence that exporting firms have over-invoiced their sales bills to evade capital controls and bring cash into China.

ARCHIVE
China Reports Trade Deficit in March
China reported a trade deficit of $884 million in March as imports rose more than exports. That compares with a trade surplus of $5.17 billion a year earlier and February's surplus of $15.3 billion. 2013-04-10

China's Trade Surplus Widens in October
China's trade surplus widened to its biggest in 45 months in October as export growth accelerated. 2012-11-12

China Posts Trade Surplus in February
China posted a trade surplus in February, confounding expectations the economy would swing to a trade deficit due to seasonal weakness from the week long Chinese Lunar New Year holiday. 2013-03-08

China's Trade Surplus Widens in August
China's exports grew less than expected in August, while imports declined unexpectedly indicating weak private consumption in the economy, the latest figures from the General Administration of Customs showed. 2012-09-10

China Trade Surplus Narrows in January
China registered a trade surplus of $29.2 billion in January of 2013. Exports increased 25 percent from a year earlier, while imports grew 28.8 percent. 2013-02-08

China's Trade Surplus Widens in July
China's trade surplus narrowed to $25.1 billion last month from $31.7 billion in June. That marked the second straight month that both exports and imports slowed. 2012-08-10

China's Trade Surplus Widens in December
In December, China's trade surplus increased to $31.6 billion from $16.5 billion a year earlier. China exports increased to $199.2 billion from $174.7 billion in December 2011, while imports increased from $158.2 billion to $167.6 billion. 2013-01-10

China Trade Surplus Widens as Imports Slows
China's trade surplus widened in June as export and import growth both weakened, reflecting faltering economic conditions in China and abroad. 2012-07-10

China's Trade Surplus Narrows in November
China’s exports increased by 2.9 percent in November, year-on-year, while imports remained unchanged. China's a trade surplus stood at $19.6 billion, a report by China's customs administration said on November 10th. 2012-12-11




Balance of Trade | Notes

The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.






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