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How big is China’s trade surplus?

Published on the 16th of January 2026

Conteneur au couleur de la chine sur un chariot élévateur dans un port

Post No. 427. Since 2021, the gap between the Chinese trade surplus as measured by customs and the figure published in the balance of payments has widened markedly, raising questions over the reliability of the data. The divergence can be attributed to a change in the data sources used in the balance of payments, to take better account of international production arrangements. However, the change does not appear to have been applied to the years prior to 2021.  

Updated on the 16th of January 2026