China recorded a trade surplus of 104.84 USD Billion in December of 2024. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In December 2024, the trade surplus in China amounted to approximately 104.84 billion U.S. dollars. A positive value implies a trade surplus, a negative trade balance implies a trade deficit. International trade in China China surpassed the United States as the worlds’ largest goods trading economy in 2013. Despite the impacts of the global coronavirus pandemic, the total value of China’s imports and exports amounted to more than 6.1 trillion U.S. dollars in 2024.China has become a vital trade partner for many economies. In 2023, over 427 billion U.S. dollars worth of the United States’ imports originated in China, making China its second-largest import partner. A trade surplus occurs when exports of a country exceed its imports. It leads to a net inflow of domestic currency from foreign countries. The trade balance is a major growth factor for an economy. Because of running a large trade surplus, China holds a vast amount of foreign exchange reserves. Foreign exchange reserves may be viewed as a sign of national strength, but also represent a form of forced savings on the people. China was the country with the highest trade surplus of approximately 823.22 billion U.S. dollars as of 2023.

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

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

• 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)

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.

China Trade Balance: Year to Date data was reported at 170.515 USD bn in Feb 2025. This records an increase from the previous number of 138.796 USD bn for Jan 2025. China Trade Balance: Year to Date data is updated monthly, averaging 96.686 USD bn from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 991.813 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.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for China (XTNTVA01CNM667S) from Jan 1992 to Dec 2024 about China, trade, Net, and goods.

In 2024, China's balance of trade in agricultural products indicated a trade deficit of approximately 112.15 billion U.S. dollars. The trade deficit has increased considerably over the last two decades.

European Union Trade Balance: EU 27E: China: Total data was reported at -28.633 EUR bn in Nov 2024. This records an increase from the previous number of -32.984 EUR bn for Oct 2024. European Union Trade Balance: EU 27E: China: Total data is updated monthly, averaging -10.918 EUR bn from Jan 2002 (Median) to Nov 2024, with 275 observations. The data reached an all-time high of -2.454 EUR bn in Jun 2002 and a record low of -41.093 EUR bn in Sep 2022. European Union Trade Balance: EU 27E: China: Total data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA030: Eurostat: Trade Statistics: By SITC: European Union: China.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for China (XTNTVA01CNQ664S) from Q1 1992 to Q4 2024 about China, trade, Net, and goods.

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: Revised data was reported at 104.838 USD bn in Dec 2024. This records an increase from the previous number of 97.311 USD bn for Nov 2024. China Trade Balance: Revised data is updated monthly, averaging 23.159 USD bn from Jan 2000 (Median) to Dec 2024, with 300 observations. The data reached an all-time high of 104.838 USD bn in Dec 2024 and a record low of -61.992 USD bn in Feb 2020. China Trade Balance: Revised 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.

This statistic shows the United States goods trade deficit with China from 2014 to 2024. In 2024, the value of U.S. imports from China exceeded the exports to China by around 295.4 billion U.S. dollars.

China Trade Balance: RMB: Year to Date data was reported at 1,226,063.794 RMB mn in Feb 2025. This records an increase from the previous number of 997,868.953 RMB mn for Jan 2025. China Trade Balance: RMB: Year to Date data is updated monthly, averaging 1,259,903.853 RMB mn from Jan 2012 (Median) to Feb 2025, with 158 observations. The data reached an all-time high of 7,059,841.204 RMB mn in Dec 2024 and a record low of -44,085.666 RMB mn in Feb 2020. China Trade Balance: RMB: Year to Date data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: RMB: Trade: Value.

China Gasoline: Supply: Trade Balance: Export data was reported at -12.572 Ton mn in 2022. This records an increase from the previous number of -14.542 Ton mn for 2021. China Gasoline: Supply: Trade Balance: Export data is updated yearly, averaging -4.677 Ton mn from Dec 1980 (Median) to 2022, with 35 observations. The data reached an all-time high of -1.178 Ton mn in 1980 and a record low of -16.371 Ton mn in 2019. China Gasoline: Supply: Trade Balance: Export data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBC: Gasoline Balance Sheet.

Australia recorded a trade surplus of 5085 AUD Million in December of 2024. This dataset provides the latest reported value for - Australia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Trade Balance: Xinjiang: Kashi data was reported at 3.422 USD bn in 2021. This records an increase from the previous number of 1.675 USD bn for 2020. Trade Balance: Xinjiang: Kashi data is updated yearly, averaging 1.552 USD bn from Dec 2005 (Median) to 2021, with 17 observations. The data reached an all-time high of 3.422 USD bn in 2021 and a record low of 68.010 USD mn in 2005. Trade Balance: Xinjiang: Kashi data remains active status in CEIC and is reported by Kashi Municipal Bureau of Statistics. The data is categorized under China Premium Database’s International Trade – Table CN.JP: Trade Balance: Prefecture Level Region.

Germany Exports to China was US$62.14 Billion during 2024, according to the United Nations COMTRADE database on international trade. Germany Exports to China - data, historical chart and statistics - was last updated on March of 2025.

Germany recorded a trade surplus of 16 EUR Billion in January of 2025. This dataset provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Current Account Balance: Total Trade of Goods for China (DISCONTINUED) (BPBLTD01CNA637S) from 1998 to 2012 about current account, BOP, China, trade, and goods.