Trade balance of goods in China by month December 2019

The graph shows China's monthly trade balance of goods from December 2016 to December 2019. In December 2019, the trade surplus of China had amounted to around 46.8 billion U.S. dollars. A positive value implies a trade surplus, a negative trade balance implies a trade deficit.

International trade in China – additional information

China surpassed the United States as the worlds’ largest goods trading economy in 2013. The total value of China’s imports and exports had amounted to around four trillion U.S. dollars that year, a 7.6 percent increase from a year earlier.
China has become a vital trade partner for many economies. In 2017, almost 22 percent of the United States’ imports had originated in China. Germany’s exports to China exceeded exports to the UK and Italy in 2017, as was reported by the CIA.

A trade surplus occurs when exports of a country exceed its imports. It leads to a net inflow of domestic currency from foreign countries. The trade balance is a major growth factor for an economy. As a consequence of running a large trade surplus, China holds a vast amount of foreign exchange reserves. Foreign exchange reserves may be viewed as a sign of national strength, but also represent a form of forced savings on the people. China used to be the largest surplus economy in the world. However, it was replaced by Germany in 2013, according to the International Monetary Fund (IMF).

Monthly trade balance of goods in China from December 2016 to December 2019

Trade balance in billion U.S. dollars
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Source

Release date

January 2020

Region

China

Survey time period

December 2016 to December 2019

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Statistics on "Key economic indicators of China"

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