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

China trade surplus increased to USD60.09 billion in December of 2015 from USD49.61 billion reported a year earlier and beating market consensus, as exports and imports fell much less than expected.Year-on-year, outbond shipments declined by1.4 percent to USD224.19 billion, the sixth straight month of fall and the smallest drop since June. Imports dropped by 7.6 percent to USD164.10 billion, the 13th consecutive month of contraction, as a result of declining commodity prices and weak demand. Balance of Trade in China averaged 78.71 USD HML from 1983 until 2015, reaching an all time high of 616.40 USD HML in October of 2015 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
600.93 541.03 616.40 -319.71 1983 - 2015 USD HML Monthly
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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-08 02:00 AM Oct $61.64B $60.34B $64.75B $61B
2015-12-08 02:00 AM Nov $54.1B $61.64B $63.3B $63B
2016-01-13 02:00 AM Dec $60.09B $54.1B $53B $55.1B
2016-02-15 02:00 AM Jan $60.09B $58.85B $54.5B
2016-03-08 02:00 AM Feb 521.71
2016-04-08 02:00 AM Mar 524.35

China Trade Surplus Widens in December


China trade surplus increased to USD60.09 billion in December of 2015 from USD49.61 billion reported a year earlier and beating market consensus, as exports and imports fell much less than expected.

In December, exports declined by 1.4 percent year-on-year to USD224.19 billion, the sixth straight month of fall and the smallest drop since June. Imports decreased by 7.6 percent year-on-year to USD164.10 billion, following a 8.7 percent decline in November. It is the 13th straight month of contraction, as a result of declining commodity prices and weak demand. In the previous month, the country registered a USD54.10 billion trade surplus.

For full year of of 2015, the country registered a USD594,5 billion trade surplus, larger than a USD382.5 billion surplus a year earlier.

From January to December 2015, exports dropped by 2.8 percent, driven by rice (-29.4 percent), coal & ignite (-28.3 percent); coke & semi coke (-10.0 percent); refined oil (-25.9 percent); clothing accessories (-6.4 percent); footwear (-4.8 percent); precious metals (-61.6 percent); steel (-11.3 percent); automatic data processing equipments (-16.2 percent) and LCD panel (-2.6 percent). In contrast, outbond shipments increased for: crude (+215.0 percent); mineral fertilizer (+22.1 percent); ceramic products (+19.0 percent); unwrought aliminium and aluminium (+5.8 percent); handheld wireless phone & its parts (+8.5 percent); IC (+13.9 percent); shipping (+13.3 percent); furniture & parts (+1.6 percent) and lamps, lighting fixtures and parts (+15.0 percent). Sales declined to: Hong Kong (-8.7 percent), Japan (-9.2 percent), the EU countries (-4.0 percent), Taiwan (-3.0 percent) and Russia (-28.6 percent). In contrast, outbond shipments rose to: India (+7.4  percent), the US (+3.4 percent), South Korea (+1.0 percent), the ASEAN countries (+2.1 percent), Australia (+3.0 percent) and New Zealand (+3.9 percent).

From January to December 2015, imports fell by 14.1 percent, as purchases from most of the country's trading partners declined except Hong Kong, Vietnam and Canada. Those from the US decreased by 6.5 percent, India (-18.2 percent), Japan (-12.2 percent), South Korea (-8.2 percent), Taiwan (-5.5 percent), the ASEAN countries (-6.6 percent), the EU countries (-14.5 percent), Russia (-20.0 percent), South Africa (-32.3 percent), Australia (-24.6 percent) and New Zealand (-30.7 percent). In contrast, imports rose from Hong Kong (+1.2 percent), Vietnam  (+49.1 percent) and Canada (+4.2 percent).

General Administration of Customs l Rida Husna | rida@tradingeconomics.com
1/13/2016 9:01:32 AM

China Trade Last Previous Highest Lowest Unit
Balance of Trade 600.93 541.03 616.40 -319.71 USD HML [+]
Exports 2241.89 1972.42 2275.13 13.00 USD HML [+]
Imports 1640.96 1431.39 1830.94 16.60 USD HML [+]
Current Account 843.00 602.90 1330.85 -8.96 USD HML [+]
Current Account to GDP 2.70 2.10 10.10 -3.70 percent [+]
External Debt 8955.00 8631.67 8955.00 158.28 USD HML [+]
Terms of Trade 114.77 112.81 118.33 81.75 Index Points [+]
Foreign Direct Investment 1262.70 1036.80 1195.62 18.32 USD HML [+]
Capital Flows -843.00 114.24 114.24 -1305.58 USD HML [+]
Tourist Arrivals 164.90 178.20 216.60 21.70 Tens of Thousands [+]
Gold Reserves 1762.32 1743.40 1762.32 395.01 Tonnes [+]
Crude Oil Production 4259.00 4317.00 4409.00 1012.00 BBL/D/1K [+]
Terrorism Index 6.29 5.08 6.29 1.47 [+]
Exports to India 5174780.00 4923778.00 5533350.00 2326991.00 USD THO [+]




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Japan 140.20 Dec/15
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Kuwait 1836.10 Sep/15
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Mongolia 18.00 Nov/15
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Myanmar -942.70 Jan/16
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Netherlands 3111.00 Dec/15
New Caledonia -11456.00 Dec/15
New Zealand -52.62 Dec/15
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Norway 18114.00 Dec/15
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Palestine -335.30 Nov/15
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Papua New Guinea 4191.00 Sep/15
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Peru 210.00 Dec/15
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