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 Trade Balance in China
The merchandise trade balance in China averaged USD 593 billion in the decade to 2024. The 2024 reading was USD 991 billion. For more information on trade, visit our dedicated page.
China Trade Chart
Note: This chart displays Trade Balance (USD billion) for China from 2024 to 2023.
Source: Macrobond.
China Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 524 | 670 | 838 | 822 | 993 |
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 trade 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 trade forecast available for Chinese trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Chinese trade projections.
Want to get access to the full dataset of Chinese trade forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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India: Merchandise exports fall at a slower pace in June -
Singapore: Non-oil domestic exports rebound in June Latest reading: Non-oil domestic exports (NODX) soared 13.0% on an annual basis in June, following May’s 3.9% drop. June’s outturn... -
Argentina: Merchandise exports increase in June Latest reading: Merchandise exports shot up 10.8% on an annual basis in June (May: -7.5% year-on-year) thanks to booming energy... -
Malaysia: Merchandise exports rise at a milder pace in June Latest reading: Merchandise exports climbed 7.2% on an annual basis in June, on the heels of May’s 9.3% increase. The... -
Indonesia: Merchandise export growth surges in May Latest reading: Merchandise exports climbed 9.7% over the same month last year in May (April: +5.1% year-on-year). Meanwhile, merchandise imports... -
China: 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... -
Peru: Merchandise exports drop in May Latest reading: Merchandise exports contracted 1.5% on an annual basis in May, contrasting April’s 14.8% upturn. The outturn marked the...