China Balance of Trade

China recorded a trade surplus of 77.06 USD Hundred Million in March of 2014. Balance of Trade in China is reported by the General Administration of Customs. Balance of Trade in China averaged 57.11 USD Hundred Million from 1983 until 2014, reaching an all time high of 404 USD Hundred Million in November of 2008 and a record low of -319.71 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 provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
77.06 -229.89 404.00 -319.71 22.73 | 2014/04 1983 - 2014 USD Hundred Million Monthly

TO

China Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-10 02:00 AM China
Balance of Trade
Dec 2013 $25.6B $33.8B $33.05B $ 18.7B
2014-02-12 02:00 AM China
Balance of Trade
Jan 2014 $ 31.87B $25.6B $24.1B $ 17.2B
2014-03-08 02:00 AM China
Balance of Trade
Feb 2014 $ -22.9B $ 31.87B $ 14.5B $ 16.6B
2014-04-10 03:00 AM China
Balance of Trade
Mar 2014 $7.7B $ -22.9B $0.9B $ 1.68B
2014-05-08 03:00 AM China
Balance of Trade
Apr 2014 $7.7B $ 2.3B
[+]

Trade Last Previous Highest Lowest Forecast Unit
Current Account 439.91 2013-11-15 403.77 1330.85 -8.96 355.45 2014-03-31 USD Hundred Million [+]
Capital Flows 1270.42 2013-11-15 805.05 1320.80 -517.00 1063.42 2014-03-31 USD HML [+]
Crude Oil Production 4215.00 2013-12-15 4205.00 4281.00 1012.00 4194.41 2014-01-31 Thousands Barrels per Day [+]
External Debt 8631.67 2013-12-31 7369.86 8631.67 158.28 9094.36 2014-06-30 USD HML [+]
Foreign Direct Investment 315.50 2014-03-31 193.00 1175.86 18.32 398.15 2014-04-30 USD Hundred Million [+]
Gold Reserves 1054.09 2013-12-31 1054.09 1054.09 395.01 Tonnes [+]
Terms Of Trade 106.44 2014-02-15 101.33 118.33 81.75 104.11 2014-03-31 Index Points [+]
Tourist Arrivals 173.30 2014-03-15 139.20 216.60 21.70 176.17 2014-04-30 Tens of Thousands [+]
Current Account to GDP 2.00 2013-12-31 2.60 10.10 -3.70 1.99 2014-12-31 Percent [+]
Balance of Trade 77.06 2014-03-15 -229.89 404.00 -319.71 22.73 2014-04-30 USD Hundred Million [+]
Exports 1701.10 2014-03-15 1140.94 2077.42 13.00 1777.18 2014-04-30 USD Hundred Million [+]
Imports 1624.05 2014-03-15 1370.82 1830.13 16.60 1664.22 2014-04-30 USD Hundred Million [+]
[+]


China Reports Trade Surplus in March

China's exports declined 6.6 percent in March of 2014 from a year earlier, while imports dropped 11.3 percent, leaving the country with a trade surplus of USD 7.7 billion. Although the trade balance rebounded from its USD 23 billion deficit in February, it was the second consecutive month exports contracted.

Exports amounted to USD 170 billion in March of 2014, down from USD 182 billion a year earlier. In February, sales fell 18 percent year-on-year.

Shipments to Japan recorded the highest annual growth rate (11 percent), followed by sales to the ASEAN countries (10.3 percent) and Australia (9.9 percent). Exports to the EU increased 8.8 percent, while those to the US increased a meager 1.2 percent year-on-year. In contrast, sales to Taiwan shrank sharply by 23.5 percent. 

Imports amounted to USD 162 billion, compared with USD 183 billion in March of 2013, as crude oil imports fell to a five-month low. Purchases from Taiwan recorded the highest annual drop (-32.9 percent), followed by the US (-11.7 percent) and the ASEAN countries (-7.4 percent).

Considering the first quarter, exports fell 3.4 percent from a year earlier, while imports increased 1.6 percent, producing a trade surplus of USD 16.6 billion, down 59.7 percent from a year earlier.

Chinese government is targeting total trade growth of 7.5 percent this year. China's total trade grew 7.6 percent in 2013, below the official target of 8 percent.   

China's Commerce Ministry has pledged to maintain steady trade growth in 2014 and further balance the trade structure by increasing imports of raw materials and energy products.

General Administration of Customs | anna@tradingeconomics.com
4/10/2014 8:59:46 AM

RECENT RELEASES

China Posts Trade Deficit in February
Chinese trade balance turned into a USD 22.9 billion deficit in February of 2014, the highest in two years, as exports tumbled 18 percent over a year earlier on Lunar Year distortions. Published on 2014-03-08

China's Trade Surplus Widens in January
China's exports beat expectations, rising 10.6 percent from a year earlier in January, while imports jumped 10 percent, leaving the country with a trade surplus of $31.9 billion. Published on 2014-02-12


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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