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 40.2 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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 259 | 383 | 594 | 510 | 419 |
China Trade Balance Chart
Source: Customs of the People's Republic of China.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.11 | -0.40 % | Jan 16 |
| Exchange Rate | 6.76 | -0.19 % | Jan 16 |
| Stock Market | 2,570 | -0.34 % | Jan 16 |
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Economic News
China: Growth in retail sales inches up in December
January 21, 2019
In December, nominal retail sales grew 8.2% on an annual basis, a slight acceleration from the 8.1% expansion registered in November.
China: Industrial production gains steam in December
January 21, 2019
Industrial production increased 5.7% year-on-year in December, up from the 5.4% rise registered in November and beating market expectations of 5.3%. December’s print marked a modest acceleration, as growth in the mining sector accelerated markedly in annual terms compared to the previous month.
China: Investment growth steadies in December
January 21, 2019
Urban fixed asset investment expanded 5.9% in 2018, unchanged from the result in the first 11 months of the year (2017: +7.2%).
China: Economic growth continues to decelerate in Q4
January 21, 2019
In the final quarter of 2018, the Chinese economy expanded at the slowest pace since 2009 on the back of spillovers from financial deleveraging and downbeat economic sentiment due to the trade spat with the United States.
China: Authorities set to boost fiscal and monetary stimulus in efforts to rekindle economic growth
January 18, 2019
Chinese authorities will implement further fiscal and monetary measures this year to tackle cooling domestic growth and spillovers from the ongoing trade war with the U.S. On 19–21 December, China’s top leadership met in Beijing at the annual Central Economic Work Conference (CEWC), which sets the tone of economic policies for the year. The top leadership emphasized that they will use “counter-cycle” macro policies to stabilize aggregate demand.
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