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.

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.

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 United States recorded a trade deficit of 71.52 USD Billion in May 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, 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.

Japan JP: Trade Balance: Services: Hong Kong SAR (China) data was reported at 132,895.500 JPY mn in 2023. This records an increase from the previous number of -49,321.800 JPY mn for 2022. Japan JP: Trade Balance: Services: Hong Kong SAR (China) data is updated yearly, averaging 102,740.550 JPY mn from Dec 2014 (Median) to 2023, with 10 observations. The data reached an all-time high of 324,042.900 JPY mn in 2019 and a record low of -127,299.400 JPY mn in 2021. Japan JP: Trade Balance: Services: Hong Kong SAR (China) 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 Japan – Table JP.OECD.TISP: Trade in Services: Trade Balance: by Country: OECD Member: Annual.

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.

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.

Hong Kong SAR (China) HK: Trade Balance: USD: All Services: Transport data was reported at 12.828 USD bn in 2021. This records an increase from the previous number of 9.101 USD bn for 2020. Hong Kong SAR (China) HK: Trade Balance: USD: All Services: Transport data is updated yearly, averaging 12.828 USD bn from Dec 2005 (Median) to 2021, with 17 observations. The data reached an all-time high of 14.491 USD bn in 2018 and a record low of 9.101 USD bn in 2020. Hong Kong SAR (China) HK: Trade Balance: USD: 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: USD: 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.

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 2023, Japan recorded a deficit in goods and services trade with China valued at almost ************ Japanese yen. Even though the trade deficit shrank in previous years, it exceeded ************* yen again in 2022 as imports exceeded exports.

In the first quarter of 2025, the United Kingdom had a trade deficit of 10.6 billion British pounds, due to a 59 billion pound deficit in goods trade offset by a 48 billion pound trade surplus in services.

Hong Kong SAR (China) HK: Trade Balance: Services: USD: Japan data was reported at 1.321 USD bn in 2021. This records an increase from the previous number of 194.500 USD mn for 2020. Hong Kong SAR (China) HK: Trade Balance: Services: USD: Japan data is updated yearly, averaging 194.500 USD mn from Dec 2005 (Median) to 2021, with 17 observations. The data reached an all-time high of 1.321 USD bn in 2021 and a record low of -2.193 USD bn in 2019. Hong Kong SAR (China) HK: Trade Balance: Services: USD: Japan 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: USD: by Country: Non OECD Member: Annual.

Hong Kong SAR (China) HK: Trade Balance: Services: USD: France data was reported at 959.400 USD mn in 2021. This records a decrease from the previous number of 1.015 USD bn for 2020. Hong Kong SAR (China) HK: Trade Balance: Services: USD: France data is updated yearly, averaging 722.200 USD mn from Dec 2005 (Median) to 2021, with 17 observations. The data reached an all-time high of 1.015 USD bn in 2020 and a record low of 337.600 USD mn in 2005. Hong Kong SAR (China) HK: Trade Balance: Services: USD: France 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: USD: by Country: Non OECD Member: Annual.

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.

In 2020, the value of service exports from China to countries or regions along the Belt and Road Initiative (BRI) amounted to ***** million U.S. dollars. Over recent years, China constantly ran a trade deficit in the service trade with BRI countries.

The exports of services from Russia to China reached **** billion U.S. dollars in 2021, marking a slight increase compared to the previous year. On the other hand, Russian services imports from China decreased in value, standing at approximately *** billion U.S. dollars in 2021. Over the past two years, the trade balance of Russia with China demonstrated negative figures.

Hong Kong SAR (China) HK: Trade Balance: Services: USD: G7 data was reported at 18.905 USD bn in 2021. This records an increase from the previous number of 12.144 USD bn for 2020. Hong Kong SAR (China) HK: Trade Balance: Services: USD: G7 data is updated yearly, averaging 10.189 USD bn from Dec 2005 (Median) to 2021, with 17 observations. The data reached an all-time high of 18.905 USD bn in 2021 and a record low of 6.548 USD bn in 2005. Hong Kong SAR (China) HK: Trade Balance: Services: USD: G7 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: USD: by Country: Non OECD Member: Annual.

Hong Kong SAR (China) HK: Trade Balance: Services: Marshall Islands data was reported at -666.000 HKD mn in 2016. This records an increase from the previous number of -851.000 HKD mn for 2015. Hong Kong SAR (China) HK: Trade Balance: Services: Marshall Islands data is updated yearly, averaging -758.500 HKD mn from Dec 2015 (Median) to 2016, with 2 observations. The data reached an all-time high of -666.000 HKD mn in 2016 and a record low of -851.000 HKD mn in 2015. Hong Kong SAR (China) HK: Trade Balance: Services: Marshall Islands 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.