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

China's trade surplus fell to USD 44.61 billion in November 2016 from USD 53.97 billion a year earlier and below market consensus of USD 46.3 billion, as exports rose much less than imports. In November, exports unexpectedly edged up 0.1 percent from a year earlier to USD 196.81 billion, following a 7.3 percent drop in the preceding month and beating markets estimates of a 5 percent fall. It was the first gain since March this year. Imports went up 6.7 percent to USD 152.20 billion, the fastest pace since September 2014, compared to a 1.4 percent fall in October while market expected a 1.3 percent decline. In yuan-denominated terms, exports rose 5.9 percent from a year ago, the first increase in three months, following a 3.2 percent drop in a month earlier. Inbound shipments jumped 13.0 percent, following a 3.2 percent rise in October. In October 2016, trade surplus came in at USD 49.06 billion. Balance of Trade in China averaged 88.98 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.

China Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-13 02:30 AM Sep $41.99B $52.05B $53B $45B
2016-11-08 02:00 AM Oct $49.06B $41.99B $51.7B $48.9B
2016-12-08 03:30 AM Nov $44.61B $49.06B $46.3B $48.7B
2017-01-13 02:00 AM Dec $44.61B 453.26
2017-02-08 02:00 AM Jan 471.01
2017-03-08 02:00 AM Feb 467.17




China Trade Surplus Narrows in November


China reported a USD 44.61 billion trade surplus in November of 2016, compared to a USD 53.97 billion surplus a year earlier. Figure came below market consensus of a USD 46.3 billion surplus, as exports rose much less than imports.

In November, sales unexpectedly edged up 0.1 percent from a year earlier to USD 178.18 billion, following a 7.3 percent drop in the preceding month and beating market estimates of a 5.0 percent fall. It was the first gain since March.

Imports went up 6.7 percent to USD 129.12 billion, compared to a 1.4 percent fall in October while market expected a 1.3 percent decline. It was the fastest growth since September 2014.

In yuan-denominated terms, exports rose 5.9 percent from a year ago, following a 3.2 percent drop in a month earlier and marking the first increase in three months. Inbound shipments jumped 13.0 percent, following a 3.2 percent rise in October.

In October 2016, trade surplus came in at USD 49.06 billion.

Considering the first eleven months of 2016, total trade in USD decreased by 6.9 percent  from a year earlier. Exports dropped by 7.5 percent. Sales were down to Hong Kong (-9.3 percent), Japan (-4.6 percent), South Korea (-9.1 percent), Taiwan (-11.1 percent), ASEAN countries (-8.0 percent), the EU countries (-4.4 percent), South Africa (-19.7 percent), Brazil (-22.1 percent), the US (-6.6 percent), Australia (-7.7 percent) and New Zealand (-2.8 percent). In contrast, outbound shipments rose to India (+0.5 percent) and Russia (+7.2 percent). Imports declined by 6.2 percent, mainly due to lower commodity prices.

General Administration of Customs l Rida Husna | rida@tradingeconomics.com
12/8/2016 6:04:42 AM



China Trade Last Previous Highest Lowest Unit
Balance of Trade 446.10 490.56 627.45 -319.71 USD HML [+]
Exports 1968.06 1781.78 2273.72 13.00 USD HML [+]
Imports 1521.96 1291.21 1830.94 16.60 USD HML [+]
Current Account 712.00 641.50 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 97.71 98.17 118.33 81.75 Index Points [+]
Foreign Direct Investment 969.40 950.90 1262.70 18.32 USD HML [+]
Capital Flows -712.00 -142.94 95.16 -1305.58 USD HML [+]
Tourist Arrivals 128.50 161.00 216.60 21.70 Tens of Thousands [+]
Gold Reserves 1838.51 1823.30 1838.51 395.01 Tonnes [+]
Crude Oil Production 3874.00 3938.00 4408.00 1012.00 BBL/D/1K [+]
Terrorism Index 6.11 6.29 6.29 1.47 [+]
Weapons Sales 1966.00 1360.00 2606.00 3.00 USD Million [+]
Exports to India 4774033.00 5368825.00 5618919.00 2326991.00 USD THO [+]



China Balance of Trade Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
446.10 490.56 627.45 -319.71 1983 - 2016 USD HML Monthly
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Czech Republic 47421.10 Oct/16
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Germany 19300.00 Oct/16
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Guinea -308.73 Jun/16
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Hong Kong -37223.00 Oct/16
Hungary 274000.00 Oct/16
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India -10160.00 Oct/16
Indonesia 1206.80 Oct/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 3769800.00 Sep/16
Israel -1354.00 Oct/16
Italy 3669.89 Sep/16
Ivory Coast 1256.00 Dec/15
Jamaica -680800.00 Mar/16
Japan 496.17 Oct/16
Jordan -536755.50 Sep/16
Kazakhstan 1044.90 Sep/16
Kenya -78222.90 Sep/16
Kosovo -214200.00 Oct/16
Kuwait 1222.30 Jun/16
Kyrgyzstan -184.40 Sep/16
Laos -594.89 Dec/15
Latvia -87.10 Sep/16
Lebanon -1193.95 Sep/16
Lesotho -2324.11 Jun/16
Liberia -80.10 Jun/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -156.20 Oct/16
Luxembourg -0.43 Sep/16
Macau -5326200.00 Oct/16
Macedonia -177613.00 Oct/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9756.67 Oct/16
Maldives -155.00 Aug/16
Mali -226.10 Sep/15
Malta -273000.00 Oct/16
Mauritania -79.64 Mar/16
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Mexico -900.00 Oct/16
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Monaco -104.50 Jun/16
Mongolia 72.90 Oct/16
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Morocco -12712.00 Sep/16
Mozambique -434.30 Sep/16
Myanmar -198.70 Feb/16
Namibia -8369.58 Jun/16
Nepal -77662.70 Mar/16
Netherlands 5421.00 Sep/16
New Caledonia -12812.00 Aug/16
New Zealand -846.00 Oct/16
Nicaragua -196.00 Aug/16
Niger -132100.00 Jun/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 10360.56 Oct/16
Oman 30.50 Jun/16
Pakistan -237429.00 Oct/16
Palestine -339.90 Sep/16
Panama -893332.80 Sep/16
Papua New Guinea 4636.00 Mar/16
Paraguay -310239.00 Nov/17
Peru 274.70 Oct/16
Philippines -2163034.12 Oct/16
Poland -200.00 Sep/16
Portugal -870.35 Oct/16
Puerto Rico 747.70 Aug/16
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Republic of the Congo 4092.35 Dec/10
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Russia 7383.00 Sep/16
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Saudi Arabia 56231.00 Jun/16
Senegal -168.70 Sep/16
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Singapore 5156.80 Oct/16
Slovakia 456.00 Oct/16
Slovenia 95.90 Oct/16
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Spain -2230800.00 Sep/16
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Suriname 42.20 Sep/16
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Thailand 250.00 Oct/16
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Turkmenistan 2181.97 Dec/15
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Ukraine -295.00 Sep/16
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