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 ***** billion U.S. dollars.

In August 2025, the trade surplus in China amounted to approximately ****** 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 *** trillion U.S. dollars in 2024.China has become a vital trade partner for many economies. In 2024, over *** 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 ****** billion U.S. dollars as of 2023.

Key information about China's Trade Balance

• China's Trade Balance recorded a surplus of 90.1 USD bn in Oct 2025, compared with a surplus of 90.5 USD bn in the previous month
• China's Trade Balance data is updated monthly, available from Jan 1992 to Oct 2025, with an averaged value of 40.3 USD bn
• The data reached an all-time high of 138.0 USD bn in Jan 2025 and a record low of -62.0 USD bn in Feb 2020

China recorded a trade surplus of 90.07 USD Billion in October of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Trade Balance: RMB data was reported at 736,723.788 RMB mn in Mar 2025. This records an increase from the previous number of 228,195.784 RMB mn for Feb 2025. China Trade Balance: RMB data is updated monthly, averaging 286,000.000 RMB mn from Jan 2012 (Median) to Mar 2025, with 159 observations. The data reached an all-time high of 996,501.829 RMB mn in Jan 2025 and a record low of -426,985.707 RMB mn in Feb 2020. China Trade Balance: RMB 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.

The United States recorded a trade deficit of 59.55 USD Billion in August of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus 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.

China Trade Balance: Revised data was reported at 102.642 USD bn in Mar 2025. This records an increase from the previous number of 31.719 USD bn for Feb 2025. China Trade Balance: Revised data is updated monthly, averaging 23.791 USD bn from Jan 2000 (Median) to Mar 2025, with 303 observations. The data reached an all-time high of 138.606 USD bn in Jan 2025 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.

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

In 2024, the total value of the U.S. trade in goods with China amounted to around *** billion U.S. dollars composed of a ****** billion U.S. dollars export value and a ****** billion U.S. dollars import value. This represented a negative trade balance of ***** billion U.S. dollars.

Hong Kong SAR (China) HK: Trade Balance: Services: United States data was reported at 66,201.000 HKD mn in 2021. This records an increase from the previous number of 42,604.000 HKD mn for 2020. Hong Kong SAR (China) HK: Trade Balance: Services: United States data is updated yearly, averaging 50,130.000 HKD mn from Dec 2005 (Median) to 2021, with 17 observations. The data reached an all-time high of 66,201.000 HKD mn in 2021 and a record low of 31,501.000 HKD mn in 2005. Hong Kong SAR (China) HK: Trade Balance: Services: United States 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 Country: Non OECD Member: Annual.

Trade Balance: Yunnan: Nujiang data was reported at -79.000 USD mn in 2021. This records an increase from the previous number of -88.000 USD mn for 2020. Trade Balance: Yunnan: Nujiang data is updated yearly, averaging -7.690 USD mn from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 12.000 USD mn in 2016 and a record low of -88.000 USD mn in 2020. Trade Balance: Yunnan: Nujiang data remains active status in CEIC and is reported by Nujiang Municipal Bureau of Statistics. The data is categorized under China Premium Database’s International Trade – Table CN.JP: Trade Balance: Prefecture Level Region.

Monthly and long-term China Trade data: historical series and analyst forecasts curated by FocusEconomics.

The United Kingdom recorded a trade deficit of 1094 GBP Million in September of 2025. This dataset provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade Balance: Yunnan: Dehong data was reported at -798.000 USD mn in 2021. This records a decrease from the previous number of 344.000 USD mn for 2020. Trade Balance: Yunnan: Dehong data is updated yearly, averaging 324.000 USD mn from Dec 2005 (Median) to 2021, with 17 observations. The data reached an all-time high of 1.092 USD bn in 2013 and a record low of -798.000 USD mn in 2021. Trade Balance: Yunnan: Dehong data remains active status in CEIC and is reported by Dehong Municipal Bureau of Statistics. The data is categorized under China Premium Database’s International Trade – Table CN.JP: Trade Balance: Prefecture Level Region.

India recorded a trade deficit of 41.68 USD Billion in October of 2025. This dataset provides the latest reported value for - India Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Time series data for the statistic Trade_Balance_China_with_New_Zealand. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -0.6591 Billion as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.18 Billion compared to the value the year prior.The Serie's long term average value is -0.161 Billion. It's latest available value, on 5/31/2025, is -0.498 Billion lower, compared to it's long term average value.The Serie's change from it's minimum value, on 1/31/2020, to it's latest available value, on 5/31/2025, is +0.7139 Billion.The Serie's change from it's maximum value, on 9/30/2007, to it's latest available value, on 5/31/2025, is -0.7657 Billion.

In 2024, Chinese exports of trade goods to the United States amounted to about 438.95 billion U.S. dollars; a significant increase from 1985 levels, when imports from China amounted to about 3.86 billion U.S. dollars. U.S. exports to China Compared to U.S. imports from China, the value of U.S. exports to China in 2020 amounted to 427.23billion U.S. dollars. China is the United States’ largest trading partner, while China was the United States third largest goods export market. Some of the leading exports to China in the agricultural sector included soybeans, cotton, and pork products. Texas was the leading state that exported to China in 2020 based on total value of goods exports, at 16.9 billion U.S. dollars. U.S. - China trade war The trade war between the United States and China is an economic conflict between two of the world’s largest national economies. It started in 2018 when U.S. President Donald Trump started putting tariffs and trade barriers on China, with the intent to get China to conform to Trump’s wishes. President Trump claimed that China has unfair trade businesses. As a result of this trade war, it has caused a lot of tension between the U.S. and China. Nearly half of American companies impacted by the U.S.-China trade tariffs said that the trade war increased their cost of manufacturing. The healthcare product industry has suffered the most from the trade war in regards to reduced profits.

Macau SAR (China) MO: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Palau data was reported at 0.106 USD mn in 2020. Macau SAR (China) MO: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Palau data is updated yearly, averaging 0.106 USD mn from Dec 2020 (Median) to 2020, with 1 observations. The data reached an all-time high of 0.106 USD mn in 2020 and a record low of 0.106 USD mn in 2020. Macau SAR (China) MO: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Palau data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Macau SAR (China) – Table MO.IMF.DOT: Trade Balance: by Country: Annual.

International merchandise trade data grouped by Principal Trading Partners (PTP). Users have the option of selecting Imports, Exports, or Trade Balance. Data are unadjusted and seasonally adjusted, and are on a Customs and Balance of Payments basis.