China's trade surplus plunged to USD 80.6 billion in July 2023 from USD 102.7 billion in the same period a year earlier, compared to market forecasts of USD 70.6 billion, as exports fell more than imports amid persistently weak demand from home and abroad. Exports plunged 14.5% yoy, the third straight month of decline and the steepest drop since February 2020, worse than market consensus of a 12.5% drop; while imports fell by 12.4%, the steepest decrease since January. Meanwhile, the politically sensitive trade surplus with the US widened to USD 30.3 billion in July from USD 28.72 billion in June. In the first seven months of 2023, China's trade surplus with the US reached USD 181.8 billion. Considering the first seven months of the year, the country posted a trade surplus of USD 489.57 billion, with exports shrinking by 5% while imports dropped 7.6%. source: General Administration of Customs

Balance of Trade in China averaged 14.36 USD Billion from 1981 until 2023, reaching an all time high of 102.70 USD Billion in July of 2022 and a record low of -61.99 USD Billion in February of 2020. This page provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Balance of Trade in China is expected to be 84.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Balance of Trade is projected to trend around 76.00 USD Billion in 2024 and 83.00 USD Billion in 2025, according to our econometric models.

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China Balance of Trade



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-13 03:00 AM Jun $70.62B $65.81B $74.8B $ 90.0B
2023-08-08 03:00 AM Jul $80.6B $70.62B $70.6B $69B
2023-09-07 03:00 AM Aug $80.6B $81B


Related Last Previous Unit Reference
Balance of Trade 80.60 70.72 USD Billion Jul 2023
Imports 201.16 214.57 USD Billion Jul 2023
Exports 281.76 285.29 USD Billion Jul 2023
Terms of Trade 103.96 101.97 points Jul 2023

China Balance of Trade
Since 1995, China has been recording consistent trade surpluses. In 2022, the trade surplus surged 31% to USD 876.91 billion, the highest since records started in 1950, with exports rising 7% and imports up 1%.
Actual Previous Highest Lowest Dates Unit Frequency
80.60 70.72 102.70 -61.99 1981 - 2023 USD Billion Monthly
Current Prices, NSA

News Stream
China Trade Surplus Narrows Sharply in July
China's trade surplus plunged to USD 80.6 billion in July 2023 from USD 102.7 billion in the same period a year earlier, compared to market forecasts of USD 70.6 billion, as exports fell more than imports amid persistently weak demand from home and abroad. Exports plunged 14.5% yoy, the third straight month of decline and the steepest drop since February 2020, worse than market consensus of a 12.5% drop; while imports fell by 12.4%, the steepest decrease since January. Meanwhile, the politically sensitive trade surplus with the US widened to USD 30.3 billion in July from USD 28.72 billion in June. In the first seven months of 2023, China's trade surplus with the US reached USD 181.8 billion. Considering the first seven months of the year, the country posted a trade surplus of USD 489.57 billion, with exports shrinking by 5% while imports dropped 7.6%.
2023-08-08
China Trade Surplus Smaller than Expected
China's trade surplus fell to USD 70.62 billion in June 2023 from USD 97.41 billion in the same period a year earlier and below market forecasts of USD 74.80 billion, as exports dropped more than imports amid persistent weak demand from home and abroad. Exports slumped 12.4% yoy, the second straight month of decline and the steepest drop since February 2020, worse than market consensus of a 9.5% fall; while imports shrank by 6.9%. Meanwhile, the politically sensitive trade surplus with the US widened slightly to USD 28.72 billion in June from USD 28.16 billion in May. In the first six months of 2023, China's trade surplus with the US reached USD 151.44 billion. Lu Dalian, a spokesperson for the General Administration of China's Customs, said that Chinese trade still faces great pressure in the second half of the year, partly due to high inflation in developed countries and geopolitics.
2023-07-13
China Posts Smallest Trade Surplus in 3 Months
China's trade surplus dropped to USD 65.81 billion in May 2023 from USD 78.40 billion in the same period a year earlier and below market forecasts of USD 92 billion. It was the smallest trade surplus since February, as exports fell more than imports, amid persistent weak global demand. Exports shrank by 7.5% yoy to a three-month low of USD 283.5 billion, the first decline in three months and the steepest drop since January, compared to market consensus of a 0.4% fall, while imports decreased by 4.5%, amid weakening domestic demand. Meanwhile, the politically sensitive trade surplus with the United States narrowed to USD 28.1 billion in May from USD 29.7 billion in April. For the first five months of the year, the trade surplus with the US jumped 27.8% yoy to USD 359.48 billion.
2023-06-07