China: Trade balance, percent of GDP

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

China: Trade balance as percent of GDP, 1960 - 2020:

For that indicator, we provide data for China from 1960 to 2020. The average value for China during that period was 1.49 percent with a minimum of -4.04 percent in 1985 and a maximum of 8.68 percent in 2007. The latest value from 2020 is 2.49 percent. For comparison, the world average in 2020 based on 139 countries is -5.58 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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The trade balance for China and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
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