Latest reading: Merchandise exports were broadly stable in June, falling just 0.1% year-on-year, following May’s 2.2% fall. Meanwhile, merchandise imports...
Merchandise Exports in China
Merchandise exports were worth USD 3,577 billion in 2024 in China compared to USD 2,342 billion ten years earlier, and averaged USD 2,765 billion over the last decade. For more exports information, visit our dedicated page.
China Merchandise Exports Chart
Note: This chart displays Exports (USD billion) for China from 2024 to 2023.
Source: Macrobond.
China Merchandise Exports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Exports (USD bn) | 2,590 | 3,357 | 3,544 | 3,379 | 3,576 |
| Merchandise Exports (ann. var. %) | 3.6 | 29.6 | 5.6 | -4.7 | 5.8 |
Merchandise exports gain steam in June
Latest reading: Merchandise exports climbed 5.8% on an annual basis in June (May: +4.8% year-on-year), beating market expectations and coming after the temporary reduction in U.S. tariffs. Meanwhile, merchandise imports increased 1.0% in annual terms in June (May: -3.4% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 114.8 billion surplus in June (May 2025: USD 103.2 billion surplus; June 2024: USD 99.0 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 1142.9 billion surplus in June, compared to the USD 1127.1 billion surplus in May.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Chinese merchandise exports projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise exports forecast available for Chinese merchandise exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Chinese merchandise exports projections.
Want to get access to the full dataset of Chinese merchandise exports forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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