Description
China Trade Balance (Trade Surplus, USD, Annual) is published by the General Administration of Customs of the People's Republic of China (GACC). This indicator measures the difference between exports and imports within a specific year. A positive trade balance is termed a trade surplus, indicating that export values exceed import values, which typically reflects strong external demand and competitiveness of Chinese products in the global market. A negative trade balance, termed a trade deficit, may suggest strong domestic demand or weakened exports.