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.

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.

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 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

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

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.

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.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for China (XTNTVA01CNM667S) from Jan 1992 to Sep 2025 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.

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.

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

• Hong Kong SAR (China)'s Trade Balance recorded a deficit of 5.1 USD bn in Oct 2025, compared with a deficit of 6.4 USD bn in the previous month
• Hong Kong SAR (China)'s Trade Balance data is updated monthly, available from Jan 1957 to Oct 2025, with an averaged value of -357.7 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 59.4 USD bn in Oct 2025, an increase of 18.3% YoY (year-on-year)
• Total Imports recorded 64.5 USD bn in Oct 2025, an increase of 18.3% YoY (year-on-year)

View monthly updates and historical trends for China Trade Balance. Source: General Administration of Customs. Track economic data with YCharts analytics.

China: Trade balance as percent of GDP: The latest value from 2024 is 2.85 percent, an increase from 2.1 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for China from 1960 to 2024 is 1.52 percent. The minimum value, -4.03 percent, was reached in 1985 while the maximum of 8.55 percent was recorded in 2007.

Historical dataset showing China trade balance by year from 1960 to 2023.

India's trade deficit with China was over *** billion U.S. dollars in 2022. The value of bilateral trade between the two countries was worth more than *** billion U.S. dollars for the same year. India-China bilateral trade has rapidly expanded, propelling China to become India's largest goods trading partner.

Key information about Macau SAR (China)'s Trade Balance

• Macau SAR (China)'s Trade Balance recorded a deficit of 1.2 USD bn in Oct 2025, compared with a deficit of 1.3 USD bn in the previous month
• Macau SAR (China)'s Trade Balance data is updated monthly, available from Jan 1998 to Oct 2025, with an averaged value of -672.0 USD mn
• The data reached an all-time high of 79.0 USD mn in Jul 2000 and a record low of -1.8 USD bn in May 2021

CEIC converts monthly Trade Balance into USD. Statistics and Census Service provides Trade Balance in local currency. The Monetary Authority of Macao average market exchange rate is used for currency conversions. Trade Balance prior to January 2000 is sourced from the International Monetary Fund.

Further information about Macau SAR (China)'s Trade Balance

• In the latest reports, Macau SAR (China)'s Total Exports reached 162.2 USD mn in Oct 2025, an increase of 0.7% YoY (year-on-year)
• Total Imports recorded 1.4 USD bn in Oct 2025, an increase of 0.7% YoY (year-on-year)

In 2024, the European Union exported goods worth approximately ***** billion euros to China, around ** billion euros less than in the previous year. That year, the EU recorded a trade deficit of more than *** billion euros with China.

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

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.

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.

Time series data for the statistic Trade_Balance_China_with_Palau. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 5.54 Million as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 1.05 Million compared to the value the year prior.The Serie's long term average value is 1.21 Million. It's latest available value, on 5/31/2025, is 4.33 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 8/31/2011, to it's latest available value, on 5/31/2025, is +5.54 Million.The Serie's change from it's maximum value, on 5/31/2022, to it's latest available value, on 5/31/2025, is -20.53 Million.