China Balance of Trade

China trade surplus stood at USD49.98 billion in May of 2016, down from USD58.87 billion reported a year earlier and below market estimates, as exports fell more than imports. In May, exports declined by 4.1 percent year-on-year to USD181.06 billion, following a 1.8 percent drop in the preceding month and market consensus of a 3.6 percent drop. Imports dropped by 0.4 percent to USD131.08 billion while markets expected a 6.0 percent fall. It is the 19th straight month of contraction, as a result of declining commodity prices and weak demand. In April 2016, the country registered a USD45.56 billion trade surplus. Balance of Trade in China averaged 83.32 USD HML from 1983 until 2016, reaching an all time high of 632.87 USD HML in January of 2016 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. 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.