China's trade surplus jumped to USD 95.27 billion in October 2024 from USD 56.13 billion in the same period a year earlier, surpassing expectations of USD 75.1 billion. It was the largest trade surplus since June, mainly due to a jump in exports. Sales surged 12.7% yoy, far above forecasts of 5% to mark the fastest pace since July 2022 and after a 2.4% gain in September, as manufacturers are front-loading orders in anticipation of further tariffs from the US and the EU. Meanwhile, imports fell 2.3%, reversing from a 0.3% rise in September and missing consensus of a 1.5% fall due to weak domestic demand. The trade surplus with the US widened slightly to USD 33.50 billion in October from USD 33.33 billion in September. For the 1st ten months of 2024, the trade surplus was at USD 785.3 billion, with exports rising 5.1% to USD 2.93 trillion while imports grew at a softer 1.7% to USD 2.14 trillion. During the period, the trade surplus with the US stood at USD 291.38 billion. source: General Administration of Customs

China recorded a trade surplus of 95.27 USD Billion in October of 2024. Balance of Trade in China averaged 16.24 USD Billion from 1981 until 2024, reaching an all time high of 125.16 USD Billion in February of 2024 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 November of 2024.

China recorded a trade surplus of 95.27 USD Billion in October of 2024. Balance of Trade in China is expected to be 85.00 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 82.00 USD Billion in 2025 and 105.00 USD Billion in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-14 08:15 AM
Balance of Trade
Sep $81.71B $91.02B $89.8B $ 82B
2024-11-07 03:30 AM
Balance of Trade
Oct $95.27B $81.71B $75.1B $70B
2024-12-07 03:00 AM
Balance of Trade
Nov $95.27B


Related Last Previous Unit Reference
Passanger Car Exports 503466.00 512235.00 Oct 2024
Balance of Trade 95.27 81.71 USD Billion Oct 2024
Electric Car Exports 158409.00 153660.00 Oct 2024
Exports 309.06 303.71 USD Billion Oct 2024
Exports YoY 12.70 2.40 percent Oct 2024
Imports 213.34 222.00 USD Billion Oct 2024
Imports YoY -2.30 0.30 percent Oct 2024
Terms of Trade 96.40 92.40 points Sep 2024

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
95.27 81.71 125.16 -61.99 1981 - 2024 USD Billion Monthly
Current Prices, NSA


News Stream
China Trade Surplus Largest in 4 Months
China's trade surplus jumped to USD 95.27 billion in October 2024 from USD 56.13 billion in the same period a year earlier, surpassing expectations of USD 75.1 billion. It was the largest trade surplus since June, mainly due to a jump in exports. Sales surged 12.7% yoy, far above forecasts of 5% to mark the fastest pace since July 2022 and after a 2.4% gain in September, as manufacturers are front-loading orders in anticipation of further tariffs from the US and the EU. Meanwhile, imports fell 2.3%, reversing from a 0.3% rise in September and missing consensus of a 1.5% fall due to weak domestic demand. The trade surplus with the US widened slightly to USD 33.50 billion in October from USD 33.33 billion in September. For the 1st ten months of 2024, the trade surplus was at USD 785.3 billion, with exports rising 5.1% to USD 2.93 trillion while imports grew at a softer 1.7% to USD 2.14 trillion. During the period, the trade surplus with the US stood at USD 291.38 billion.
2024-11-07
China Trade Surplus Below Estimates
China's trade surplus widened to USD 81.71 billion in September 2024 from USD 75.5 billion in the same period a year earlier, compared to market expectations of USD 89.8 billion. Sales rose 2.4% yoy, below forecasts of 6% to mark the softest pace in five months and slowing from an 8.7% gain in August. Meanwhile, imports rose 0.3%, slowing from a 0.5% growth in August, and missing consensus of 0.9%, due to fragile domestic demand. The trade surplus with the US narrowed to USD 33.33 billion in September from USD 33.81 billion in August. For the first nine months of 2024, the trade surplus was at USD 689.5 billion, with exports advancing 4.3% to USD 2.62 trillion while imports increased at a softer 2.2% to USD 1.93 trillion. During the period, the trade surplus with the US stood at USD 257.87 billion.
2024-10-14
China Trade Surplus Above Forecasts
China's trade surplus surged to USD 91.02 billion in August 2024 from USD 67.81 billion in the same period a year earlier, surpassing market expectations of USD 83.90 billion as exports rose much faster than imports. Sales grew 8.7% yoy to a 23-month high of USD 308.65 billion, topping forecasts of 6.5% to mark the fastest pace since March 2023 and accelerating from a 7.0% gain in July. Meanwhile, imports rose 0.5%, slowing sharply from a 7.2% jump in July, which was the strongest growth in three months and missing consensus of 2%, due to fragile domestic demand. The trade surplus with the US widened to USD 33.81 billion in August from USD 30.84 billion in July. For the first eight months of 2024, the trade surplus was at USD 608.49 billion, with exports rising 4.6% to USD 2.31 trillion while imports increased at a softer 2.5% to USD 1.71 trillion. During the period, the trade surplus with the US stood at USD 224.57 billion.
2024-09-10