China recorded a government budget surplus of 124 CNY Hundred Million in February of 2025. This dataset provides - China Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2023. This dataset provides - China Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about China Consolidated Fiscal Balance: % of GDP

• China Consolidated Fiscal Balance recorded a deficit equal to 4.8 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.9 % in the previous quarter
• China Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1995 to Dec 2024, with an average ratio of -2.0 %
• The data reached an all-time high of 1.4 % in Jun 2008 and a record low of -6.1 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of Finance provides year-to-date Consolidated Fiscal Balance in local currency. The National Bureau of Statistics provides year-to-date Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP prior to Q4 2007 is calculated from non year-to-date Consolidated Fiscal Balance.


Further information about China Consolidated Fiscal Balance: % of GDP

• In the latest reports, China National Government Debt reached 4,230.0 USD bn in Dec 2023
• China Nominal GDP reached 4,166.8 USD bn in Mar 2023

The budget balance in relation to the GDP in China was forecast to continuously decrease between 2024 and 2029 by in total 0.8 percentage points. According to this forecast, in 2029, the budget balance will have decreased for the sixth consecutive year to -8.24 percent. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Mongolia, South Korea, and Taiwan.

This graph shows the government budget balance as a share of GDP in China in selected years from 2000 to 2022. In 2022, China's government deficit had taken up about 4.7 percent of the national GDP.

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.

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 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.

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)

Key information about Hong Kong SAR (China) Consolidated Fiscal Balance: % of GDP

• Hong Kong SAR (China) Consolidated Fiscal Balance recorded a deficit equal to 4.3 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 6.1 % in the previous quarter
• Hong Kong SAR (China) Consolidated Fiscal Balance to GDP data is updated quarterly, available from Sep 1999 to Dec 2024, with an average ratio of 1.1 %
• The data reached an all-time high of 8.4 % in Dec 2007 and a record low of -9.2 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Treasury provides Consolidated Fiscal Balance in local currency. Census and Statistics Department provides Nominal GDP in local currency.


Further information about Hong Kong SAR (China) Consolidated Fiscal Balance: % of GDP

• In the latest reports, Hong Kong SAR (China) National Government Debt reached 190.1 USD bn in Mar 2024
• Hong Kong SAR (China) Nominal GDP reached 91.4 USD bn in Mar 2023

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.

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.

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.

Hong Kong Fiscal Reserves: Year to Date: Consolidated Surplus or Deficit data was reported at -75,332.000 HKD mn in Sep 2018. This records a decrease from the previous number of -66,027.900 HKD mn for Aug 2018. Hong Kong Fiscal Reserves: Year to Date: Consolidated Surplus or Deficit data is updated monthly, averaging -9,597.450 HKD mn from Oct 1998 (Median) to Sep 2018, with 240 observations. The data reached an all-time high of 172,408.800 HKD mn in Feb 2018 and a record low of -81,061.700 HKD mn in Oct 2003. Hong Kong Fiscal Reserves: Year to Date: Consolidated Surplus or Deficit data remains active status in CEIC and is reported by The Treasury. The data is categorized under Global Database’s Hong Kong SAR – Table HK.F017: Fiscal Reserves.

The current account balance in China was forecast to increase between 2024 and 2029 by in total 21.8 billion U.S. dollars (+8.27 percent). This overall increase does not happen continuously, notably not in 2026, 2027, 2028 and 2029. The account balance is estimated to amount to 285.47 billion U.S. dollars in 2029. 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.Find more statistics on other topics about China with key insights such as the budget balance in relation to the gross domestic product, the growth of the real the gross domestic product, and the share in the global GDP adjusted for purchasing power parity.

Key information about Macau SAR (China) Consolidated Fiscal Balance: % of GDP

• Macau SAR (China) Consolidated Fiscal Balance registered a surplus equal to 7.3 % of its Nominal GDP in Sep 2024, compared with a surplus equal to 6.4 % in the previous quarter
• Macau SAR (China) Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2003 to Sep 2024, with an average ratio of 13.2 %
• The data reached an all-time high of 27.2 % in Mar 2014 and a record low of -36.9 % in Dec 2022

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quarterly Consolidated Fiscal Balance and quarterly Nominal GDP. The Monetary Authority of Macao provides Consolidated Fiscal Balance in local currency. Statistics and Census Service provides Nominal GDP in local currency

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 Balance of Payments: Total Net Current Account for China, P.R.: Hong Kong (HKGBCAGDPBP6PT) from 1990 to 2029 about Hong Kong, current account, BOP, China, and Net.

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.

This statistic shows Taiwan's merchandise trade balance with mainland China and Hong Kong from 2014 to 2024. The trade balance represents the value of exports minus the value of imports. A positive value indicates a trade surplus, while a negative value indicates a trade deficit. In 2024, Taiwan's trade surplus with mainland China and Hong Kong amounted to 70 billion U.S. dollars.