China Balance of Trade 1983-2014 | Data | Chart | Calendar | Forecast

China recorded a trade surplus of 454.05 USD Hundred Million in October of 2014. Balance of Trade in China averaged 62.85 USD Hundred Million from 1983 until 2014, reaching an all time high of 498.30 USD Hundred Million in August of 2014 and a record low of -319.71 USD Hundred Million in February of 2012. Balance of Trade in China is reported by the General Administration of Customs.

   
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China Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
454.05 309.43 498.30 -319.71 1983 - 2014 USD Hundred Million Monthly
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. Content for - China Balance of Trade - was last refreshed on Sunday, November 23, 2014.


China Trade Surplus Widens 46.5%


Chinese trade surplus increased to USD 45.4 billion in October of 2014 from a USD 31 billion surplus a year earlier. Exports rose more than expected driven by sales to the United States and Asia while imports slowed.

Exports rose 11.6 percent year-on-year in October of 2014 to USD 206.9 billion, following a 15.6 percent increase in the previous month. Sales to the United States advanced 10.9 percent (10.8 percent in September); exports to the ASEAN countries surged 18 percent and those to South Korea rose 13.8 percent. Shipments to the European Union slowed (4.1 percent from 14.9 percent in September) and those to Japan shrank at a faster 8.1 percent (-5.3 percent in the previous month).

Imports advanced 4.6 percent year-on-year to USD 161.5 percent in October, slowing from a 7 percent increase in September. Imports from South Korea (12.6 percent in October from 27.8 percent in September) and the United States (2.2 percent versus 12.6 percent) eased the most. In contrast, purchases from the European Union surged 10.4 percent (9.1 percent inthe previous month).

Joana Taborda | joana.taborda@tradingeconomics.com
11/8/2014 11:43:44 AM


Recent Releases

China Trade Surplus Widens in September
China trade surplus increased to USD 31.0 billion in September of 2014 from USD 15.2 billion a year earlier, as exports grew more than expected while imports rebounded. Published on 2014-10-13

China Trade Surplus Hits New Record High in August
China trade surplus widened to USD 49.83 billion in August of 2014 from USD 28.5 billion a year earlier, beating market forecasts. The surplus hit a record high for the second straight month in August, as exports grew robustly while imports fell. Published on 2014-09-08


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-08 03:00 AM
Balance of Trade  Aug 2014
$49.83B $47.3B $40.0B $ 32.2B
2014-10-13 03:00 AM
Balance of Trade  Sep 2014
$31.0B $49.83B $ 41.0B $ 40.2B
2014-11-08 02:00 AM
Balance of Trade  Oct 2014
$45.41B $31.0B $42B $ 40.1B
2014-12-10 02:00 AM
Balance of Trade  Nov 2014
$45.41B $ 44.6B


China Trade Last Previous Highest Lowest Unit
Balance of Trade 454.05 309.43 498.30 -319.71 USD Hundred Million [+]
Exports 2068.67 2136.87 2136.87 13.00 USD Hundred Million [+]
Imports 1614.61 1827.45 1830.94 16.60 USD Hundred Million [+]
Current Account 815.00 734.41 1330.85 -8.96 USD Hundred Million [+]
Current Account to GDP 2.00 2.60 10.10 -3.70 percent [+]
External Debt 8631.67 7369.86 8631.67 158.28 USD Hundred Million [+]
Terms of Trade 103.13 102.55 118.33 81.75 Index Points [+]
Foreign Direct Investment 958.80 873.60 1175.86 18.32 USD Hundred Million [+]
Capital Flows -816.00 -162.07 1320.80 -816.00 USD HML [+]
Tourist Arrivals 203.70 176.40 216.60 21.70 Tens of Thousands [+]
Gold Reserves 1054.09 1054.09 1054.09 395.01 Tonnes [+]
Crude Oil Production 4084.00 4259.00 4281.00 1012.00 BBL/D/1K [+]