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 98.24 USD Billion in July 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.

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 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)

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.

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.

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

The United States recorded a trade deficit of 60.18 USD Billion in June 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.

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

• Hong Kong SAR (China)'s Trade Balance recorded a surplus of 266.9 USD mn in Jan 2025, compared with a deficit of 4.4 USD bn in the previous month
• Hong Kong SAR (China)'s Trade Balance data is updated monthly, available from Jan 1957 to Jan 2025, with an averaged value of -227.2 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

• In the latest reports, Hong Kong SAR (China)'s Total Exports reached 50.0 USD bn in Jan 2025, an increase of 0.5% YoY (year-on-year)
• Total Imports recorded 49.7 USD bn in Jan 2025, an increase of 0.5% YoY (year-on-year)

In 2024, China's balance of trade in agricultural products indicated a trade deficit of approximately ****** billion U.S. dollars. The trade deficit has increased considerably over the last two decades.

Colombia Trade Balance: Country: China data was reported at -12.391 USD bn in 2024. This records a decrease from the previous number of -10.369 USD bn for 2023. Colombia Trade Balance: Country: China data is updated yearly, averaging -3.517 USD bn from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of -58.653 USD mn in 1995 and a record low of -13.176 USD bn in 2022. Colombia Trade Balance: Country: China data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.JA002: Trade Balance: Annual.

China Trade Balance data was reported at 350.933 USD bn in 2018. This records a decrease from the previous number of 419.552 USD bn for 2017. China Trade Balance data is updated yearly, averaging 380.000 USD mn from Dec 1950 (Median) to 2018, with 69 observations. The data reached an all-time high of 593.904 USD bn in 2015 and a record low of -14.902 USD bn in 1985. China Trade Balance 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 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.

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 U.S. goods trade deficit with China increased by nearly ** billion U.S. dollars in 2024, as China still had the biggest impact on U.S. bilateral trade. This is according to seasonally adjusted trade date from within the United States. Following the results of the U.S. elections in 2024, discussions surfaced on the potential of tariffs for countries that have a large trade surplus with the United States. The president-elect stated that trade tariffs of ** percent and ** percent might be implemented for goods from China or Mexico, respectively. The effects of such measures on the forecast GDP growth across the world were not yet clear. In Europe, however, Germany might be the most affected economy when the U.S. does implement tariffs.

European Union Trade Balance: EU 27E: China: Total data was reported at -26.145 EUR bn in Feb 2025. This records an increase from the previous number of -31.243 EUR bn for Jan 2025. European Union Trade Balance: EU 27E: China: Total data is updated monthly, averaging -10.950 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 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.

India recorded a trade deficit of 18.78 USD Billion in June 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.

The United Kingdom recorded a trade deficit of 5699 GBP Million in May of 2025. This dataset provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.