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.

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)

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.

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.

In December 2024, Chinese exports amounted to around 335.6 billion U.S. dollars. This indicated a significant increase in exports compared to the same period of the previous year. Export trade in China China overtook the United States as the world’s largest trading nation in 2013. In the years that followed, the country remained one of the strongest players in global and regional trade. According to the IMF, China’s total gross domestic product (GDP) had ranged at around 17.66 trillion U.S. dollars in 2023. Thus, exports of goods had accounted for more than a third of China’s total economic output that year. In 2024, China’s trade surplus amounted to 992 billion U.S. dollars. Since the implementation of various reform strategies in 1979, China’s economic development has largely profited from its export-led growth strategy. In 2023, the most important export partner for China was ASEAN. Automatic data processing machines, clothes, and integrated circuits were among China’s main export goods. It is noticeable that China’s comparative advantage nowadays lies not only in labor-intensive manufactured goods. Over the past years, China has steadily moved up the global value chain by increasing the export share of high technology products such as computers and power devices. China has been frequently accused of currency manipulation by other countries. The country is criticized for deliberately keeping its currency yuan undervalued, to give Chinese goods export advantages.

In 2024, the European Union countries imported approximately 14.4 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 25.5 trillion yuan and imported goods with a value of 18.4 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 20 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 992 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 14.4 percent of all global exports, whereas service based exports contributed only six 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.

European Union Trade Balance: EU 27E: China: Total data was reported at -28.633 EUR bn in Nov 2024. This records an increase from the previous number of -32.984 EUR bn for Oct 2024. European Union Trade Balance: EU 27E: China: Total data is updated monthly, averaging -10.918 EUR bn from Jan 2002 (Median) to Nov 2024, with 275 observations. The data reached an all-time high of -2.454 EUR bn in Jun 2002 and a record low of -41.093 EUR bn in Sep 2022. European Union Trade Balance: EU 27E: China: Total data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA030: Eurostat: Trade Statistics: By SITC: European Union: China.

China recorded a Current Account surplus of 1807 USD Hundred Million in the fourth quarter of 2024. This dataset provides - China Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia recorded a trade surplus of 5085 AUD Million in December of 2024. This dataset provides the latest reported value for - Australia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

China Trade Balance: RMB: Year to Date data was reported at 1,226,063.794 RMB mn in Feb 2025. This records an increase from the previous number of 997,868.953 RMB mn for Jan 2025. China Trade Balance: RMB: Year to Date data is updated monthly, averaging 1,259,903.853 RMB mn from Jan 2012 (Median) to Feb 2025, with 158 observations. The data reached an all-time high of 7,059,841.204 RMB mn in Dec 2024 and a record low of -44,085.666 RMB mn in Feb 2020. China Trade Balance: RMB: Year to Date 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.

India recorded a trade deficit of 14.05 USD Billion in February 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.

This page displays a table with China Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.

Germany Exports to China was US$62.14 Billion during 2024, according to the United Nations COMTRADE database on international trade. Germany Exports to China - data, historical chart and statistics - was last updated on March of 2025.

In 2024, the total value of the U.S. trade in goods with China amounted to around 583 billion U.S. dollars composed of a 143.55 billion U.S. dollars export value and a 438.95 billion U.S. dollars import value. This represented a negative trade balance of 295.4 billion U.S. dollars.

China Trade Balance: Revised data was reported at 104.838 USD bn in Dec 2024. This records an increase from the previous number of 97.311 USD bn for Nov 2024. China Trade Balance: Revised data is updated monthly, averaging 23.159 USD bn from Jan 2000 (Median) to Dec 2024, with 300 observations. The data reached an all-time high of 104.838 USD bn in Dec 2024 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.

Trade Balance: Sichuan: Aba data was reported at 30.180 USD mn in 2022. This records a decrease from the previous number of 30.380 USD mn for 2021. Trade Balance: Sichuan: Aba data is updated yearly, averaging 10.900 USD mn from Dec 2005 (Median) to 2022, with 16 observations. The data reached an all-time high of 30.380 USD mn in 2021 and a record low of 2.370 USD mn in 2010. Trade Balance: Sichuan: Aba data remains active status in CEIC and is reported by Aba Municipal Bureau of Statistics. The data is categorized under China Premium Database’s International Trade – Table CN.JP: Trade Balance: Prefecture Level Region.

Trade Balance: Sichuan: Ganzi data was reported at 30.420 USD mn in 2022. This records an increase from the previous number of 25.180 USD mn for 2021. Trade Balance: Sichuan: Ganzi data is updated yearly, averaging 11.675 USD mn from Dec 2006 (Median) to 2022, with 10 observations. The data reached an all-time high of 30.420 USD mn in 2022 and a record low of 2.620 USD mn in 2006. Trade Balance: Sichuan: Ganzi data remains active status in CEIC and is reported by Ganzi Municipal Bureau of Statistics. The data is categorized under China Premium Database’s International Trade – Table CN.JP: Trade Balance: Prefecture Level Region.

In 2023, Brazil's exports to China exceeded its imports by roughly 48.3 billion U.S. dollars. In that year, the value of products exported from Brazil to the Asian country reached nearly 105 billion U.S. dollars, an increase of about 14.6 billion U.S. dollars in comparison to the previous year. Meanwhile, imports totaled approximately 56 billion U.S. dollars.

In 2023, Chinese exports of trade goods to the United States amounted to about 427.23 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.

Trade Balance: Xinjiang: Kashi data was reported at 3.422 USD bn in 2021. This records an increase from the previous number of 1.675 USD bn for 2020. Trade Balance: Xinjiang: Kashi data is updated yearly, averaging 1.552 USD bn from Dec 2005 (Median) to 2021, with 17 observations. The data reached an all-time high of 3.422 USD bn in 2021 and a record low of 68.010 USD mn in 2005. Trade Balance: Xinjiang: Kashi data remains active status in CEIC and is reported by Kashi Municipal Bureau of Statistics. The data is categorized under China Premium Database’s International Trade – Table CN.JP: Trade Balance: Prefecture Level Region.