China Balance of Trade

Last Release

Jun 30, 2025

Actual

114.77

Units In

USD HML

103.22

Frequency

Monthly

Next Release

Aug 07, 2025

Time to Release

22 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
170.52 Feb 2025	-61.99 Feb 2020	17.75 USD HML	1981-2025	General Administration of Customs

Since 1995, China has been recording consistent trade surpluses which from 2004 to 2009 has increased 10 times. In 2019, China posted a trade surplus of USD 421.9 billion, the biggest since 2016, as exports increased 0.5 percent and imports fell 2.7 percent on weak domestic demand and trade tensions with the US. The biggest trade surpluses were recorded with the US, Hong Kong, the EU - in particular the Netherlands, the UK, Poland, Spain, Italy and Belgium - India, Vietnam, the Philippines, Singapore, the UAE, Pakistan, Turkey and Indonesia. The largest deficits were recorded with Taiwan, Australia, South Korea, Brazil, Saudi Arabia, Japan, Germany, Switzerland, Malaysia, Oman, Chile and Russia.

Latest Updates

China’s trade surplus widened to USD 114.77 billion in June 2025, up from USD 98.94 billion a year earlier, and exceeding market expectations of USD 109 billion, as exports continued to outpace imports. Exports rose by 5.8% yoy, slightly above the forecast of 5.0%, and up from 4.8% growth in May, amid a temporary easing of tariff pressures ahead of the August deadline. Meanwhile, imports increased by 1.1%, just below expectations of 1.3%, but rebounding from a 3.4% decline in May. This marked the first monthly increase in imports in 2025, supported by government efforts to stimulate domestic demand. China’s trade surplus with the US expanded to USD 26.57 billion in June, up from USD 18 billion in May, even as both exports and imports with the US declined, falling 16.1% and 15.5%, respectively. For the first half of 2025, China recorded a total trade surplus of USD 586 billion, with exports rising 5.9% yoy, while imports dropped 3.9% compared to the same period in 2024.