China recorded a trade surplus of 114.77 USD Billion in June of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about China Current Account Balance: % of GDP

• China Current Account surplus accounted for 3.1 % of the country's Nominal GDP in Sep 2024, compared with a 1.2 % surplus in the previous quarter.
• China Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1998 to Sep 2024, with an average value of 2.1 %.
• The data reached an all-time high of 11.0 % in Dec 2006 and a record low of -1.7 % in Mar 2020.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The State Administration of Foreign Exchange provides Current Account Balance in USD. The National Bureau of Statistics provides year-to-date Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Key information about China Current Account Balance: % of GDP

• In the latest reports of China, Current Account recorded a surplus of 147.6 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) fell by 8.3 USD bn in Sep 2024.
• China Direct Investment Abroad expanded by 34.5 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 24.0 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 4,166.8 USD bn in Mar 2023.

In 2024, China's merchandise trade surplus amounted to around 992.2 billion U.S. dollars, significantly higher than in the previous year. The merchandise trade balance is the value of exported goods minus the value of imported goods. A positive value indicates a trade surplus, while a negative value indicates a trade deficit. Trade balance and partnersIn 2024, Chinese imports of goods amounted to approximately 2.59 trillion U.S. dollars, whereas total exports added up to about 3.58 trillion U.S. dollars. In contrast, China’s invisible trade balance, an indicator measuring services and government transfers between countries, closed with a deficit and ranged at about -92 billion U.S. dollars at the end of 2022. Being an economy heavily reliant on export, China ranked first among countries with the highest trade surplus, followed by Germany and Russia. The United States, with imports exceeding exports by approximately 1.15 trillion U.S. dollars that year, ranked first among leading import countries worldwide. In 2023, the value of the U.S. imports from China exceeded the exports to China by around 279.4 billion U.S. dollars. Another important trade partner for China is the European Union. In 2023, the EU imported around 514 billion euro-worth of goods from China, leading to a trade deficit of around 291 billion euros. Product categories with the highest trade deficit were mostly finished goods such as machinery and transport equipment, clothing, and other manufactures, whereas product categories with a more balanced trade sheet consisted of raw materials and agricultural products to a large extent.

In 2024, China's service trade deficit (also called invisible trade deficit) reached around 164.7 billion U.S. dollars. The invisible trade balance includes sales and purchases of services such as transportation services, insurance services, consulting services, and tourism. A negative trade balance value indicates that imports exceeded exports that year.

China trade balance for 2023 was 386.04 billion US dollars, a 33.19% decline from 2022.

<ul style='margin-top:20px;'>

<li>China trade balance for 2022 was <strong>577.85 billion US dollars</strong>, a <strong>25.39% increase</strong> from 2021.</li>
<li>China trade balance for 2021 was <strong>460.83 billion US dollars</strong>, a <strong>29.76% increase</strong> from 2020.</li>
<li>China trade balance for 2020 was <strong>355.15 billion US dollars</strong>, a <strong>167.45% increase</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for China (XTNTVA01CNM667S) from Jan 1992 to May 2025 about China, trade, Net, and goods.

Key information about China's Trade Balance

• China's Trade Balance recorded a surplus of 104.8 USD bn in Dec 2024, compared with a surplus of 97.3 USD bn in the previous month
• China's Trade Balance data is updated monthly, available from Jan 1992 to Dec 2024, with an averaged value of 12.8 USD bn
• The data reached an all-time high of 104.8 USD bn in Dec 2024 and a record low of -62.0 USD bn in Feb 2020

CEIC extends history for monthly Trade Balance. The General Administration of Customs provides monthly Trade Balance in USD.

Further information about China's Trade Balance

• In the latest reports, China's Total Exports reached 335.6 USD bn in Dec 2024, an increase of 20.8% YoY (year-on-year)
• Total Imports recorded 230.8 USD bn in Dec 2024, an increase of 20.8% YoY (year-on-year)

The current account balance in China was estimated at approximately ************** U.S. dollars in 2024. Between 1997 and 2024, the account balance rose by around ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The account balance is forecast to decline by about ************* U.S. dollars from 2024 to 2030, fluctuating as it trends downward.This indicator describes the current account balance. Regarding the current account balance, the International Monetary Fund states that the current account refers to all transactions other than those in financial and capital items.

Current account balance (BoP, current US$) in China was reported at 423919214716 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Current account balance (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about China Current Account Balance

• China Current Account recorded a surplus of 147.6 USD bn in Sep 2024, compared with a surplus of 54.5 USD bn in the previous quarter.
• China Current Account Balance: USD mn data is updated quarterly, available from Mar 1998 to Sep 2024, with an averaged value of 43.2 USD bn.
• The data reached an all-time high of 151.5 USD bn in Sep 2022 and a record low of -52.3 USD bn in Mar 2020.
• The State Administration of Foreign Exchange provides quarterly Current Account Balance in USD.
• Foreign Direct Investment (FDI) fell by 8.3 USD bn in Sep 2024.
• China Direct Investment Abroad expanded by 34.5 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 24.0 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 4,166.8 USD bn in Mar 2023.

Graph and download economic data for Balance of Payments: Total Net Current Account for China, P.R.: Mainland (CHNBCAGDPBP6PT) from 1997 to 2029 about current account, BOP, China, and Net.

Current account balance (% of GDP) in China was reported at 2.2616 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Current account balance (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

China Trade Balance: Year to Date data was reported at 272.967 USD bn in Mar 2025. This records an increase from the previous number of 170.325 USD bn for Feb 2025. China Trade Balance: Year to Date data is updated monthly, averaging 96.957 USD bn from Jan 2000 (Median) to Mar 2025, with 303 observations. The data reached an all-time high of 991.901 USD bn in Dec 2024 and a record low of -11.030 USD bn in Apr 2004. China Trade Balance: Year to Date data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under Global Database’s China – Table CN.JA: USD: Trade: Value.

In 2024, China's balance of trade in agricultural products indicated a trade deficit of approximately ****** billion U.S. dollars. The trade deficit has increased considerably over the last two decades.

China recorded a Current Account surplus of 1654 USD Hundred Million in the first quarter of 2025. This dataset provides - China Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China recorded a Current Account surplus of 2.20 percent of the country's Gross Domestic Product in 2024. This dataset provides - China Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, China registered a trade surplus of nearly a ******** U.S. dollars, ranking first among all countries and territories. The United States was this year's largest source of trade surplus for China, with a trade balance of approximately *** billion U.S. dollars.

In 2023, Japan recorded a deficit in goods and services trade with China valued at almost ************ Japanese yen. Even though the trade deficit shrank in previous years, it exceeded ************* yen again in 2022 as imports exceeded exports.

Central Bank Balance Sheet in China increased to 457823.75 CNY Hundred Million in June from 450997.98 CNY Hundred Million in May of 2025. This dataset provides - China Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Hong Kong SAR (China)'s Trade Balance

• Hong Kong SAR (China)'s Trade Balance recorded a surplus of 266.9 USD mn in Jan 2025, compared with a deficit of 4.4 USD bn in the previous month
• Hong Kong SAR (China)'s Trade Balance data is updated monthly, available from Jan 1957 to Jan 2025, with an averaged value of -227.2 USD mn
• The data reached an all-time high of 931.9 USD mn in Jan 2009 and a record low of -8.7 USD bn in Jun 2022

CEIC converts monthly Trade Balance into USD. Census and Statistics Department provides Trade Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Further information about Hong Kong SAR (China)'s Trade Balance

• In the latest reports, Hong Kong SAR (China)'s Total Exports reached 50.0 USD bn in Jan 2025, an increase of 0.5% YoY (year-on-year)
• Total Imports recorded 49.7 USD bn in Jan 2025, an increase of 0.5% YoY (year-on-year)