China Share in World Trade: Country's Trade: expressed in USD Volume data was reported at 0.126 % in 2026. This records an increase from the previous number of 0.124 % for 2025. China Share in World Trade: Country's Trade: expressed in USD Volume data is updated yearly, averaging 0.057 % from Dec 1982 (Median) to 2026, with 45 observations. The data reached an all-time high of 0.126 % in 2026 and a record low of 0.009 % in 1982. China Share in World Trade: Country's Trade: expressed in USD Volume 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: Share in World Trade and Performance Indicators: Forecast: Non OECD Member: Annual. SHTGSVD - Share of country's trade, volume (in USD at OECD reference year prices) in world trade OECD calculation, see OECD Economic Outlook database documentation

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.

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.

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)

Trade (% of GDP) in China was reported at 37.2 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

China trade to gdp ratio for 2023 was 37.32%, a 1.03% decline from 2022.

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

<li>China trade to gdp ratio for 2022 was <strong>38.35%</strong>, a <strong>1.05% increase</strong> from 2021.</li>
<li>China trade to gdp ratio for 2021 was <strong>37.30%</strong>, a <strong>2.55% increase</strong> from 2020.</li>
<li>China trade to gdp ratio for 2020 was <strong>34.75%</strong>, a <strong>1.14% decline</strong> from 2019.</li>
</ul>Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

China's total Exports in 2024 were valued at US$3.58 Trillion, according to the United Nations COMTRADE database on international trade. China's main export partners were: the United States, Hong Kong and Vietnam. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Imports were valued at US$2.59 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

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.

The US-China trade war created net export opportunities rather than simply shifting trade across destinations. Many “bystander” countries grew their exports of taxed products into the rest of the world (excluding US and China). Country-specific components of tariff elasticities, rather than specialization patterns, drove large cross-country variation in export growth of tariff-exposed products. The elasticities of exports to US-China tariffs identify whether a country’s exports complement or substitute US or China and its supply curve’s slope. Countries that operate along downward-sloping supplies whose exports substitute (complement) US and China are among the larger (smaller) beneficiaries of the trade war.

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in US-China Trade War: Both Countries Lose, World Markets Adjust, Others Gain, PIIE Policy Brief 19-17. If you use the data, please cite as: Robinson, Sherman, and Karen Thierfelder. (2019). US-China Trade War: Both Countries Lose, World Markets Adjust, Others Gain. PIIE Policy Brief 19-17. Peterson Institute for International Economics.

China's total Imports in 2024 were valued at US$2.59 Trillion, according to the United Nations COMTRADE database on international trade. China's main import partners were: South Korea, the United States and Japan. The top three import commodities were: Electrical, electronic equipment; Mineral fuels, oils, distillation products and Ores slag and ash. Total Exports were valued at US$3.58 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

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.

Trade in services (% of GDP) of China leapt by 5.26% from 4.7 % in 2022 to 4.9 % in 2023. Since the 20.87% drop in 2020, trade in services (% of GDP) rocketed by 17.93% in 2023. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

China Net Barter Terms of Trade Index data was reported at 90.223 2015=100 in 2021. This records a decrease from the previous number of 98.502 2015=100 for 2020. China Net Barter Terms of Trade Index data is updated yearly, averaging 99.160 2015=100 from Dec 1980 (Median) to 2021, with 42 observations. The data reached an all-time high of 127.497 2015=100 in 1981 and a record low of 83.821 2015=100 in 2011. China Net Barter Terms of Trade Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Trade Index. Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.;United Nations Conference on Trade and Development;;

Exports in China increased to 335.63 USD Billion in December from 312.04 USD Billion in November of 2024. This dataset provides - China Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 Contribution to World Trade Volume: Goods and Services: expressed in USD data was reported at 0.645 % in 2026. This records a decrease from the previous number of 0.689 % for 2025. China Contribution to World Trade Volume: Goods and Services: expressed in USD data is updated yearly, averaging 0.441 % from Dec 1983 (Median) to 2026, with 44 observations. The data reached an all-time high of 2.077 % in 2010 and a record low of -0.626 % in 2022. China Contribution to World Trade Volume: Goods and Services: expressed in USD 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: Share in World Trade and Performance Indicators: Forecast: Non OECD Member: Annual. CTGSVD-Contribution to world trade growth, goods and services expressed in USD OECD calculation, see OECD Economic Outlook database documentation

Trade in services (% of GDP) in China was reported at 4.9 % in 2023, 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 June of 2025.

In May 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.

In 2024, the European Union countries imported approximately **** percent of the Chinese export volume. In that year, ASEAN was the largest Chinese merchandise importer. Distribution of Chinese exports In 2024, China exported goods with a total value of around **** trillion yuan and imported goods with a value of **** trillion yuan. That year, China ranked second among the countries with the largest gross domestic product, following the United States.China’s economic prosperity has been closely related to its status as the world’s factory. For about a decade between 2005 and 2015, exports contributed more than ** percent to China’s gross domestic product. However, the share of exports to GDP contribution is currently on the decline. Nonetheless, China maintains a trade surplus of about *** billion U.S. dollars and remains first among countries with the highest trade surplus worldwide as of 2023. While China displays high growth potential for service exports such as tourism, transportation, banking and financial services, as well as insurance and education services, the main focus of China’s export industry remains merchandise. In 2022, Chinese merchandise exports made up **** percent of all global exports, whereas service based exports contributed only *** percent.In terms of most exported merchandise categories, food and live animals used for food were the main primary goods. Among the manufactured goods, automatic data processing machines, integrated circuits, clothing, textiles, and smartphones were the categories with the highest export value in China in 2024.