Trade Balance in China
China - Trade Balance
Exports and imports accelerate in November
Exports expanded 12.3% annually in November, coming in above October’s 6.9% increase and market analysts’ expectations of a 5.3% rise. November’s healthy print signals that global growth remains strong, which is lifting demand for Chinese goods. In particular, export growth benefited from the launch of the new iPhones.
Meanwhile, imports rose 17.7% annually in November, which came in above October’s 17.4% expansion and the 11.3% increase that market analysts had expected. The print suggests that domestic demand is in a good shape, which bodes well for overall growth in Q4.
The trade surplus narrowed from USD 44.2 billion in November 2016 to USD 11.2 billion in November 2017 (October 2017: USD 38.2 billion surplus). The 12-month moving sum of the trade surplus decreased from October’s USD 425 billion to USD 421 billion in November, which marked the lowest value since January 2015.
Exports will expand 4.5% in 2018, bringing the trade surplus to USD 470 billion. In 2019, exports will rise 3.7%, pushing up the trade surplus to USD 492 billion.
China - Trade Balance Data
|Trade Balance (USD billion)||259||383||594||511||419|
5 years of economic forecasts for more than 30 economic indicators.
China Trade Balance Chart
Source: Customs of the People's Republic of China.
|Bond Yield||3.14||-0.11 %||Feb 21|
|Exchange Rate||6.72||-0.19 %||Feb 21|
|Stock Market||2,752||-0.34 %||Feb 21|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
February 22, 2019
House prices in 70 large- and medium-sized cities rose 0.6% in January in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).
February 15, 2019
In January, Chinese banks distributed CNY 3.23 trillion (USD 477 billion) in new yuan loans, the highest print on record.
February 14, 2019
Consumer prices rose 0.5% from the previous month in January, following December’s flat reading.
February 14, 2019
In January, exports expanded 9.1% over the same month last year, which contrasted the 4.4% drop in December.
January 31, 2019
The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) inched up from 49.4% in December to 49.5% in January.