Trade deficit between two countries is the difference between the value of their exports and imports. Even before Trump kicked off the latest escalation in trade tensions, Beijing was already trying to manage a slowdown in its economy after decades of breakneck growth. EU imports from China were highest in 2018 (€ 395 billion) and lowest in 2009 (€ 215 billion). Data is a real-time snapshot *Data is delayed at least 15 minutes. China on Thursday reiterated that it "attaches great importance" to India's concerns over trade imbalance, saying both countries must strive new "dynamic" ways to resolve the matter. The U.S. goods trade deficit with China was $345.0 billion in 2019, a 17.6% decrease ($73.7 billion) from 2018. © 2020 CNBC LLC. China's trade surplus with the U.S. — closely watched amid the tariff war between the two countries — grew 17 percent from a year ago to hit $323.32 billion in 2018. The total trade balance (goods and services), excluding non-monetary gold and other precious metals, increased by £6.6 billion to a surplus of £1.4 billion in … There was a larger trade surplus with China of € 16 billion in 2017, due to an increase in exports and a simultaneous decrease in imports in 2017. China Trade Balance measures a change between exports and imports over a selected period, expressed in Chinese yuan. European Commission Directorate-General for Trade 08-05-2020 3 Units A4 / G2 European Union, Trade with China Total goods: EU Trade flows and balance, annual data 2009 - 2019 Source Eurostat Comext - Statistical regime 4 Total goods: EU Trade flows and balance Source Eurostat Comext - Statistical regime 4 Period Imports Exports Balance Total trade Author: Ricard Torné, Head of Data Analysis Clarification: This article has been updated to clarify that China's overall trade surplus for 2018 was $351.76 billion. China is the top trading partner with the EU and accounted for 20 % of EU imports in 2018. The H1 2019 balance is already at US$-222 billion in favor of China opposed to US$-375 billion for the full year of 2018, with the holiday quarter still ahead. More than 42.1% of the U.S. trade deficit in goods is with China. The overall outlook is hardly rosy, said Evans-Pritchard. The US-China trade war has not prevented Chinese firms from shipping more exports to the United States. Mr. Xian Zude Meets with the UN Resident Coordinator a.i. Details may not equal totals due to rounding. In 2018 China imported $1.61T, making it the number 2 trade destination in the world. During the last five reported years the imports of China changed by $23.4B from $1.59T in 2013 to $1.61T in 2018. In 2008 the EU had a trade deficit with China of € 171 billion. There was a deficit throughout the period between 2008 and 2018, reaching € 185 billion in 2018. China announced Monday that its 2018 trade surplus with the United States was its largest in more than a decade, despite the tariff war initiated by … The cover ratio for China was lowest in 2011 (109 %) and highest in 2015 (135 %) and was 116 % in 2018. 1. During this time, EU exports to China were highest in 2018 (€ 210 billion) and lowest in 2008 (€ 78 billion). The cover ratio for the EU was lowest in 2008 (91 %) and highest in 2016 (116 %) and was 108 % in 2018. "Meanwhile, with policy easing unlikely to put a floor beneath domestic economic activity until the second half of this year, import growth is likely to remain subdued," Evans-Pritchard added. Analysts polled by Reuters had expected December shipments from the world's largest exporter to have risen 3 percent, slowing from 5.4 percent in November. Get the Trade Balance ... China Trade Balance (USD) Create Alert. As background to the summit, here are some summary statistics on trade in goods, services and foreign direct investment. Sign up for free newsletters and get more CNBC delivered to your inbox. Trade Balance is seasonally adjusted, so trade flows can be properly estimated from season to season. China's General Administration of Customs said Monday that the biggest worry in trade this year is external uncertainty and protectionism, forecasting the country's trade growth may slow in 2019. BERLIN, Feb. 18 (Xinhua) -- China remained Germany's most important trading partner for the third consecutive year with a total trade volume of 199.3 billion euros (225.7 billion U.S. dollars) in 2018, according to preliminary figures published on Monday … China's Commerce Ministry said Thursday that the talks were extensive and established a foundation for the resolution of each others' concerns. Get this delivered to your inbox, and more info about our products and services. While official data indicated China's economy held up for much of last year, it now appears to be slowing. China announced Monday that its 2018 trade surplus with the United States was its largest in more than a decade, despite the tariff war initiated by President Donald Trump against Beijing. While the surplus with the U.S. may have risen, last year's overall Chinese trade surplus was the lowest since 2013, even though export growth was the highest since 2011, according to Reuters' records. The bilateral trade relations have grown from year to year. To contact us: email@example.com, EU-China trade in goods: €185 billion deficit in 2018, China-EU – international trade in goods statistics, Overview of international trade in goods statistics, Overview of international trade in services statistics. A positive value indicates a trade surplus, while a negative value indicates a trade deficit. The total trade balance, excluding precious metals, reached a surplus in the three months to February 2020. New Delhi: India’s trade deficit with China has come down by $10 billion, from $63 billion in 2017-18 to $53 billion in 2018-19, a welcome development for the Narendra Modi government as the general election gets under way. Production metrics and export orders are falling as the country's trade dispute with the U.S., its largest trading partner, drags on. Import growth had been expected to pick up slightly to 5 percent, after cooling to 3 percent in the previous month. Today a European Union (EU) - China summit takes place in Brussels and discussions on trade and investment are among the main items on the agenda. Exports to the U.S. rose 11.3 percent year on year in 2018, while imports from the U.S. to China rose 0.7 percent over the same period. Economists use the indicator to evaluate the structure and intensity of trade flows between countries. "With global growth set to cool further this year, exports will remain weak even if China can clinch a trade deal that rows back Trump's tariffs," he wrote in a note on Monday. There was a deficit throughout the period between 2008 and 2018, reaching € 185 billion in 2018. Got a confidential news tip? The U.S. trade deficit with China was $315.1 billion in 2012, rose to $367.3 billion by 2015 before dropping to $346.8 billion the next year. Asia's largest economy is still growing steadily in 2019, but it faces external headwinds, customs spokesman Li Kuiwen said at a briefing, Reuters reported. Trade volume between the two countries reached US$25.3 billion in 2006, 31.07 billion dollars in 2007 and 36.2 billion dollars in 2008. In 2018, the biggest trade deficits were recorded with China, Mexico, Germany, Japan, Ireland, Vietnam and Italy and the biggest trade surpluses with Hong Kong, Netherlands, Australia, United Arab Emirates, Belgium, Brazil and Panama. By 2018, it had increased to $418.9 billion, before falling to $345.2 billion in 2019. The EU was a net recipient of direct investment flows from China of € 4.2 billion in 2017. The mild overall fall belied markedly lower exports of machinery, plastics and base metals, partially offset by higher outflows of electronic products. China trade balance for 2016 was $255.48B , a 28.8% decline from 2015. The United States had a services trade surplus of an estimated $36 billion with China in 2019, down 4.1% from 2018. The assurance came after latest trade figures showed India's trade deficit with China stood at 57 billion U.S. dollars last year, which accounts for nearly 60 percent of the total bilateral trade. That left the country with a trade surplus of $57.06 billion for the month, compared with analysts' expectations for a surplus of $51.53 billion, up from $44.71 billion in November. Taiwan - Trade Balance Exports contract marginally, pushing trade surplus lower. China's December trade surplus with the U.S. fell to $29.87 billion from $35.54 billion in November. The most recent imports of China are led by Crude Petroleum ($208B), Integrated Circuits ($133B), Iron Ore ($59.2B), Cars ($45.2B), and Petroleum Gas ($44.2B). Investment Before the trade data was influenced by the effect of tariffs (starting in 2018), the US recorded their 2017 trade balance at US$375.2 billion – in favor of the Chinese. The $346 billion deficit with China was created by $452 billion in imports. Balance of Trade in China is expected to be 130.00 USD HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 2018 Imports and Exports of goods by top 20 Countries (Billions of USD) No. China Trade Balance USD measures a change between exports and imports over a selected period, in US dollars. Merchandise exports contracted 0.6% in annual terms in March, contrasting February’s stellar 24.9% expansion. Despite the Trump administration’s penalty tariffs on China, the US goods trade deficit with the country is 10 percent higher than it was in 2017, projected to reach $413 billion in 2018. Current Account Balance: Total Trade of Goods for China (DISCONTINUED) US Dollars, Sum Over Component Sub-periods, Quarterly. China Trade Balance Forecast FocusEconomics panelists expect exports to expand 8.7% in 2018 and imports to rise 13.5%, bringing the trade surplus to USD 367 billion. WATCH: Trump will win the trade war with China, says Gary Shilling. Imports to China were lowest in 2009 (89) and highest in 2018 (189). In 2008 the EU had a trade deficit with China of € 171 billion. The main U.S. imports from China in 2018 were electrical machinery, machinery, and furniture and bedding. China's surplus with the U.S. grew 17 percent from a year ago to hit $323.32 billion in 2018, according to government data. Economists use the indicator to evaluate the structure and intensity of trade flows between countries. All Rights Reserved. Looking forward, we estimate Balance of Trade in China to stand at 570.00 in 12 months time. In 2018, the trade records came tumbling down, including the highest-ever imports from China, though President Trump's trade war did seem to put a damper on U.S. exports to China. China said its overall trade surplus for 2018 was $351.76 billion. Exports rose 9.9 percent from 2017 while imports grew 15.8 percent over the period, official dollar-denominated data showed. 2018 : U.S. trade in goods with China . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Beyond the tariffs battle with the U.S., China's economy has been facing its own domestic headwinds. Both sides have been trying to negotiate a deal, with the latest round of talks between Chinese and U.S. officials concluding last Wednesday. Create Alert. China trade data disappoints investors, showing tariffs affected exporters, Trump will win the trade war with China, says Gary Shilling. In terms of EU exports, China was the second largest export partner (11 % of EU exports) in 2018, preceded by the United States (21 % of EU exports). In 2018, China major trading partner countries for exports were United States, Hong Kong, China, Japan, Korea, Rep. and Vietnam and for imports they were Korea, Rep., Japan, Other Asia, nes, United States and Germany . A Division of NBCUniversal. Exports to the United States rose 11.3 percent year on year in 2018, while imports from the U.S. to China rose a meager 0.7 percent during that period. Calculation of the trade balance in dollars allows to properly compare China… The deficit that the U.S. has with China is likely even bigger than these figures indicate since China calculates the numbers using different methods, sometimes excluding goods that end up in the U.S. via other countries. China's overall December exports unexpectedly fell 4.4 percent from a year earlier, the biggest monthly drop in two years, the customs data showed. The merchandise trade balance is the value of exported goods minus the value of imported goods. Country / Region Total trade Exports Imports Trade balance Total: 4,107.1 In 2019, exports are expected to increase 6.0% and imports to increase 7.8%, with a trade surplus of USD 350.0 billion. China Slowdown Major Factor in Japan Trade Deficit Economy May 20, 2019 In fiscal 2018, Japan posted its first trade deficit in three years, as exports to Asia slumped. Trade Balance. and Representative of World Food Program China Office Mr. Qu Sixi in China On the afternoon of July 9，Mr. Table reflects only those months for which there was trade. China trade balance for 2018 was $106.71B, a 50.53% decline from 2017. According to Reuters, that's the highest on record dating to 2006. Economic data from China are being closely watched for signs of damage inflicted by the trade war between Washington and Beijing. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Chinese customs figures, by contrast, showed it to be US$275.8 billion. Sino-Thailand bilateral trade volume in 1999 was of US$4.22 billion . During this time, EU exports to China were highest in 2018 (€ 210 billion) and lowest in 2008 (€ 78 billion). China trade balance, exports and imports by country. Exports fell due to softening global growth and as the drag from U.S. tariffs intensified, while imports also fell due to cooling domestic demand, said Julian Evans-Pritchard, senior China economist at Capital Economics. We want to hear from you. It was the highest on record dating to 2006, according to Reuters. New! Imports also unexpectedly contracted in December — falling 7.6 percent, marking the biggest decline since July 2016. China trade balance for 2017 was $215.70B , a 15.57% decline from 2016. Exports from China were lowest in 2009 (84) and highest in 2018 (174).