In 2024, the import value of services to China amounted to around ***** billion U.S. dollars, increasing significantly from around *** billion U.S. dollars in the previous year. Meanwhile, China's export value in 2024 amounted to about ***** billion U.S. dollars. Total value of services imported to and exported from China in 2024 was around **** trillion U.S. dollars.

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.

Trade in services (% of GDP) in China was reported at 5.3188 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Trade in services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about China Total Trade of Goods and Services: % of Nominal GDP

• China Total Trade of Goods & Services: % of Nominal GDP recorded 38.987 % in Sep 2024, compared with 39.025 % in the previous quarter.
• China Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1998 to Sep 2024, with an averaged value of 40.632 %.
• The data reached an all-time high of 68.074 % in Sep 2006 and a record low of 30.763 % in Mar 1999.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. The State Administration of Foreign Exchange provides Total Trade of Goods and Services in USD and the National Bureau of Statistics provides Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Balance of Payments is used due to lack of National Accounts statistics.

In April 2025, the total trade value of services in China amounted to around **** billion U.S. dollars, composed of a ***** billion U.S. dollar export value and around ***** billion U.S. dollar import value.

Net trade in goods and services (BoP, current US$) in China was reported at 538958018244 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Net trade in goods and services (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

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.

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.

Hong Kong SAR (China) HK: Trade Balance: All Services: Transport data was reported at 99,716.000 HKD mn in 2021. This records an increase from the previous number of 70,597.000 HKD mn for 2020. Hong Kong SAR (China) HK: Trade Balance: All Services: Transport data is updated yearly, averaging 99,716.000 HKD mn from Dec 2005 (Median) to 2021, with 17 observations. The data reached an all-time high of 113,586.000 HKD mn in 2018 and a record low of 70,597.000 HKD mn in 2020. Hong Kong SAR (China) HK: Trade Balance: All Services: Transport data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.OECD.TISP: Trade in Services: Trade Balance: by Services: Non OECD Member: Annual. Transport covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services and rentals (charters) of carriers with crew. Also included are postal and courier services. Transport can be classified according to mode of transport and what is carried (passengers or freight).A transport provider may subcontract in order to be able to use the services of other operators in providing part of the final transport service. Such services should be recorded on a gross basis. For example, a courier service provider might contract separately with more than one transport operator. Commissions payable by providers of transport services to an agent should be separately recorded.

Graph and download economic data for External Trade: Volume of Exports of Goods and Services for China, P.R.: Mainland (CHNTXRPCPPPT) from 2016 to 2024 about China, exports, trade, goods, services, and rate.

Graph and download economic data for External Trade: Volume of Imports of Goods and Services for China, P.R.: Hong Kong (HKGTMRPCPPPT) from 2016 to 2024 about Hong Kong, imports, China, trade, goods, services, and rate.

China Term of Trade: Goods and Services data was reported at 0.841 Ratio in 2026. This records an increase from the previous number of 0.839 Ratio for 2025. China Term of Trade: Goods and Services data is updated yearly, averaging 0.903 Ratio from Dec 1982 (Median) to 2026, with 45 observations. The data reached an all-time high of 1.107 Ratio in 1997 and a record low of 0.790 Ratio in 1984. China Term of Trade: Goods and Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: Exports and Imports Price Index: Forecast: Non OECD Member: Annual. TTRADE - Terms of trade, goods and services

Trade in services (% of GDP) of China leapt by 12.23% from 4.7 % in 2023 to 5.3 % in 2024. Since the 20.98% drop in 2020, trade in services (% of GDP) rocketed by 30.69% in 2024. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Exports of goods and services (current US$) in China was reported at 3753056083354 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Exports of goods and services - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2024, transportation services made up almost *** percent of China's imports and exports of services in terms of trade value. China's total services trade in 2024 was worth **** trillion U.S. dollars, up from *** billion U.S. dollars in the previous year.

China exports for 2023 were 3.513 trillion US dollars, a 5.5% decline from 2022.

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

<li>China exports for 2022 were <strong>3.718 trillion US dollars</strong>, a <strong>4.61% increase</strong> from 2021.</li>
<li>China exports for 2021 were <strong>3.554 trillion US dollars</strong>, a <strong>30.19% increase</strong> from 2020.</li>
<li>China exports for 2020 were <strong>2.730 trillion US dollars</strong>, a <strong>3.84% increase</strong> from 2019.</li>
</ul>Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

China Trade of Goods and Services: Volume: Double Hit Scenario data was reported at 2,610.000 USD bn in 2021. This records an increase from the previous number of 2,520.000 USD bn for 2020. China Trade of Goods and Services: Volume: Double Hit Scenario data is updated yearly, averaging 402.000 USD bn from Dec 1982 (Median) to 2021, with 40 observations. The data reached an all-time high of 2,620.000 USD bn in 2019 and a record low of 29.639 USD bn in 1982. China Trade of Goods and Services: Volume: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: Trade Statistics: Trade Volume and Relative Price: Forecast: Non OECD Member: Annual. TGSVD - Goods and services trade, volume OECD calculation, see OECD Economic Outlook, Database Inventory OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf

China Trade of Goods and Services: Volume: Single Hit Scenario data was reported at 2,670.000 USD bn in 2021. This records an increase from the previous number of 2,540.000 USD bn for 2020. China Trade of Goods and Services: Volume: Single Hit Scenario data is updated yearly, averaging 402.000 USD bn from Dec 1982 (Median) to 2021, with 40 observations. The data reached an all-time high of 2,670.000 USD bn in 2021 and a record low of 29.639 USD bn in 1982. China Trade of Goods and Services: Volume: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: Trade Statistics: Trade Volume and Relative Price: Forecast: Non OECD Member: Annual. TGSVD - Goods and services trade, volume OECD calculation, see OECD Economic Outlook, Database Inventory OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf

Eximpedia Export import trade data lets you search trade data and active Exporters, Importers, Buyers, Suppliers, manufacturers exporters from over 209 countries

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.