China Trade Balance

China

China: Exports record largest drop in over four years in February

March 8, 2014

In February, exports tumbled 18.1% over the same month last year, which contrasted the strong 10.6% increase recorded in January. The drop contrasted market expectations of a 7.5% increase and marked the largest drop in shipments since August 2009. The unexpected decline in exports mainly reflected disruptions related to the week-long Lunar New Year holiday and the high base effect that was recorded in February 2013, which resulted from exporters overstating trade invoicing to bring money into the country. That said, analysts have warned that February's print also suggests a weakness in economic activity at home and overseas. Imports expanded 10.1% annually in February, which was broadly unchanged from the 10.0% increase recorded in January. The expansion came in above market expectations of a 7.6% increase and marked the largest gain in seven months. The trade balance recorded a deficit of USD 23.0 billion in February, which contrasted both the USD 14.8 billion surplus recorded in the same month last year and market expectations of a USD 7.5 billion surplus. In addition, the deficit tallied in February represented the largest trade shortfall since February 2012. The 12-month moving sum of the trade surplus fell from USD 264 billion in January to USD 226 billion in February. The government set a target growth for the total volume of exports and imports of 7.5% for this year. FocusEconomics Consensus Forecast panelists project that merchandise exports will grow 9.2% in 2014 (USD 2.4 trillion), and see the trade surplus reaching USD 281 billion. For 2015, the panel expects exports to increase 9.3% and the trade surplus to widen to USD 287 billion.


Author:,

Sample Report

Looking for forecasts related to Trade Balance in China? Download a sample report now.

Download

China Trade Balance Chart


China Trade12m February 2014



China Economic News

  • China: Inflation slows in November

    December 10, 2018

    Consumer prices fell 0.3% from the previous month in November, contrasting October’s 0.2% increase and marking the lowest print in eight months.

    Read more

  • China: Manufacturing sector slows to a standstill in November, PMI inches down to over two-year low

    November 30, 2018

    The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) edged down to an over two-year low of 50.0% in November from 50.2% in October, undershooting market expectations of a stable 50.2% reading.

    Read more

  • China: Growth in house prices inches up in October

    November 15, 2018

    House prices in 70 large- and medium-sized cities rose 1.0% in October 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).

    Read more

  • China: Industrial production growth inches up in October

    November 14, 2018

    Industrial production expanded 5.9% year-on-year in October, up from a 5.8% rise in September and overshooting market expectations of 5.8%. October’s print mainly reflected faster growth in the mining and manufacturing sectors, while the dynamics in the production and distribution of electricity, heating power, gas and water softened compared to September. On a month-on-month basis, industrial production increased 0.48% in seasonally-adjusted terms in October, unchanged from September’s expansion.

    Read more

  • China: Investment growth accelerates to four-month high in October

    November 14, 2018

    Urban fixed asset investment expanded 5.7% annually in the first 10 months of the year, up from the 5.4% increase in the first 9 months of the year.

    Read more

More news

Search form