Chinese Trade Balance 1n 2018 (million$ ,%)

In 2018, China increased export 9.9%. But also increased import 16%. As the result, trade balance of China decreased-10.6%, 351,763million $.(2017=422,547 mil US$

To USA, export +11.63%, Import +0.7%. USA recorded big trade imbalance324,327 mil USD. Actually USA imported more from China, because import from Hong Kong is not included in this balance.
The trade fifure of USA-Chia must be checked by "USA consensus" base.

UK has big trade deficit with China, 32,679 mil US$.
+0.714.1, Trade balance +110,389 mil$. To UK(Britain) expport -0.3%, import +7.0%, however, . UK has very little item to export to China. UK cannot improve trade balance to China.
To Germany export increased 9.0%, and import increased 9.7%. Germany is enjoying comfortable trade relation with China. Other EU contries , except France, all countries recorded big trade deficit. As total EU, export+9.8%, import +11.7%. Total trade deficit is 135,099 mil US$.

To South Korae, export +5.9%、 import +15.31%. To Taiwan export 10.6%import +14.3%。Both countries are heavily depending on China. In case of Japan,, export +7.1, import +9.0.
Trafe balance is +33,596 mil US$, in Japanese dide surplus.

Chinese Trade Balance 2018 (million$ ,%)

2010 2015 2016 2017 2018 2016 2017 2018
USA EXP 283,303 409,538 385,085 429,755 479,423 -6.0 11.6 11.6
IMP 102,038 148,737 134,402 153,943 155,096 -9.6 14.5 0.7
B/L 181,266 260,802 250,682 275,812 324,327 -3.9 10.0 17.6
Germany EXP 68,047 69,161 65,214 71,144 77,550 -5.7 9.1 9.0
IMP 74,342 87,623 86,073 96,954 106,334 -1.8 12.6 9.7
B/L -6,295 -18,462 -20,859 -25,810 -28,784 13.0 23.7 11.5
UK EXP 38,771 59,582 55,689 56,721 56,559 -6.5 1.9 -0.3
IMP 11,304 18,937 18,653 22,314 23,879 -1.5 19.6 7.0
B/L 27,467 40,645 37,037 34,407 32,679 -8.9 -7.1 -5.0
France EXP 27,654 26,753 24,657 27,669 30,678 -7.8 12.2 10.9
IMP 17,144 24,657 22,478 25,795 32,220 -8.8 14.8 24.9
B/L 10,510 2,096 2,180 1,874 -1,542 4.0 -14.0 -182.3
Belgium EXP 14,304 16,213 14,733 15,740 17,061 -9.1 6.8 8.4
IMP 7,837 7,006 6,881 7,545 6,969 -1.8 9.6 -7.6
B/L 6,467 9,207 7,852 8,196 10,093 -14.7 4.4 23.1
Netherland EXP 49,706 59,463 57,450 67,135 77,850 -3.4 16.9 16.0
IMP 6,477 8,792 9,790 11,244 12,330 11.3 14.8 9.7
B/L 43,228 50,671 47,659 55,891 65,521 -5.9 17.3 17.2
Italy EXP 31,141 27,837 26,361 29,171 33,173 -5.3 10.7 13.7
IMP 14,011 16,855 16,704 20,427 21,063 -0.9 22.3 3.1
B/L 17,130 10,982 9,657 8,744 12,110 -12.1 -9.5 38.5
Spain EXP 18,175 21,860 21,312 22,917 24,954 -2.5 7.5 8.9
IMP 6,231 5,600 6,132 8,024 8,764 9.5 30.9 9.2
B/L 11,943 16,260 15,180 14,893 16,190 -6.6 -1.9 8.7
Portugal EXP 2,513 2,897 4,003 3,445 3,751 38.1 -13.9 8.9
IMP 754 1,465 1,582 2,134 2,249 7.9 34.9 5.4
B/L 1,759 1,432 2,421 1,311 1,502 69.1 -45.9 14.6
EU EXP 311,235 355,876 339,048 372,042 408,632 -4.7 9.7 9.8
IMP 168,477 208,879 207,970 244,874 273,533 -0.4 17.7 11.7
B/L 142,758 146,997 131,078 127,167 135,099 -10.8 -3.0 6.2
Japan EXP 121,061 135,671 129,261 137,324 147,083 -4.7 6.2 7.1
IMP 176,707 142,987 145,525 165,652 180,580 1.8 13.8 9.0
B/L -55,646 -7,316 -16,264 -28,328 -33,496 122.3 74.2 18.2
S.Korea EXP 68,771 101,296 93,708 102,751 108,789 -7.5 9.7 5.9
IMP 138,399 174,518 158,868 177,508 204,639 -9.0 11.7 15.3
B/L -69,628 -73,222 -65,160 -74,757 -95,850 -11.0 14.7 28.2
Taiwan EXP 29,676 44,899 40,374 43,990 48,647 -10.1 9.0 10.6
IMP 115,644 143,307 139,217 155,386 177,598 -2.9 11.6 14.3
B/L -85,968 -98,408 -98,844 -111,396 -128,951 0.4 12.7 15.8
India EXP 40,919 58,240 58,390 68,064 76,705 0.3 16.6 12.7
IMP 20,841 13,383 11,757 16,344 18,838 -12.1 39.0 15.3
B/L 20,078 44,857 46,633 51,720 57,868 4.0 10.9 11.9
Australlia EXP 27,226 40,322 37,287 41,440 47,338 -7.5 11.1 14.2
IMP 60,866 73,643 70,666 94,822 105,452 -4.0 34.2 11.2
B/L -33,640 -33,320 -33,378 -53,382 -58,113 0.2 59.9 8.9
Saudi EXP 10,367 21,623 18,649 18,220 17,444 -13.8 -2.3 -4.3
Arabia IMP 32,814 30,035 23,615 31,764 45,891 -21.4 34.5 44.5
B/L -22,447 -8,412 -4,965 -13,544 -28,448 -41.0 172.8 110.0
G/Total EXP 1,577,824 2,274,950 2,098,154 2,263,522 2,487,401 -7.8 7.9 9.9
IMP 1,395,099 1,681,951 1,587,419 1,840,982 2,135,637 -5.6 16.0 16.0
B/L 182,725 592,999 510,734 422,540 351,763 -13.9 -17.3 -16.8





China Trade with ASEAN (mil4, %)

2010 2015 2016 2017 2018 16/15 17/16 18/17
Export 19,747 38,293 37,187 38,706 42,893 -2.9 4.1 10.8
Thailand Import 33,200 37,170 38,679 41,580 44,632 4.1 7.5 7.3
Balance -13,453 1,124 -1,492 -2,874 -1,739 -39.5
Export 23,806 43,990 37,663 41,725 46,403 -14.4 10.8 11.2
Malaysia Import 50,410 53,300 49,213 54,302 63,222 -7.7 10.3 16.4
Balance -26,604 -9,310 -11,549 -12,578 -16,819 24.1 8.9 33.7
Export 21,973 34,342 32,115 34,764 43,209 -6.5 8.2 24.3
Indonesia Import 20,777 19,888 21,393 28,552 36,162 7.6 33.5 26.7
Balance 1,195 14,454 10,722 6,212 7,048 -25.8 -42.1 13.5
Export 11,541 26,673 29,833 32,044 35,062 11.8 7.4 9.4
Philippine Import 16,205 18,976 17,375 19,231 20,607 -8.4 10.7 7.2
Balance -4,665 7,697 12,458 12,814 14,455 61.9 2.9 12.8
Export 23,114 66,124 61,100 70,994 83,900 -7.6 16.2 18.2
Vietnam Import 6,980 29,842 37,126 50,331 63,959 24.4 35.6 27.1
Balance 16,133 36,282 23,974 20,663 19,941 -33.9 -13.8 -3.5
Export 32,348 52,008 44,476 45,020 49,165 -14.5 1.2 9.2
Singapore Import 24,710 27,556 25,948 34,223 33,715 -5.8 31.9 -1.5
Balance 7,638 24,452 18,528 10,796 15,450 -24.2 -41.7 43.1
Export 3,480 9,655 8,189 9,009 10,553 -15.2 10.0 17.1
Myanmar Import 964 5,625 4,096 4,527 4,688 -27.2 10.5 3.6
Balance 2,516 4,030 4,093 4,483 5,865 1.6 9.5 30.8
Export 1,348 3,765 3,929 4,784 6,011 4.3 21.8 25.7
Cambodia Import 94 667 830 1,008 1,377 24.5 21.4 36.6
Balance 1,254 3,098 3,098 3,776 4,634 0.0 21.9 22.7
Export 484 1,227 986 1,427 1,455 -19.7 44.7 2.0
Laos Import 571 1,554 1,353 1,591 2,020 -13.0 17.6 27.0
Balance -88 -327 -367 -164 -565 12.1 -55.2 244.0
Export 368 1,409 511 648 1,593 -63.7 26.9 145.8
Brunei Import 658 97 208 352 248 113.8 69.3 -29.6
Balance -290 1,312 303 296 1,345 -76.9 -2.2 354.1
Export 138,207 277,487 255,988 279,120 319,244 -7.7 9.0 14.4
ASEAN Import 154,569 194,675 196,219 235,696 268,628 0.8 20.1 14.0
Balance -16,362 82,812 59,768 43,424 50,615 -27.8 -27.3 16.6



China export to ASEAN +14.4%, import +14.0%. To Thailand, export increase +10.8%, import +7.3%. To Malaysia export +11.2%, import +16.4%, To Indonesia, export +24.3%, import +26.7%, trade balance +7,084 mil $. To Philippines, export +9.4%, impor +7.2%, trade balance +14,455 mil$. Philippines is increaing import in spite of sea conflict against China. To Vietnam, export +18.2%, import +27.1%, trade balance is 19,941 mil$. Vietnam is incresing export to Chinam by manufacturing goods, but trade deficit is the biggest in ASEAN. Recently foreign manufacturing companies are investing rapidly but not enough.

China does not increase natural resources (rubber, palm oil, minerals) but China is trying increase export to ASEAN. Some ASEAN countries are increasing export to China, but their trade deficit against China is still 50.615 mil US$.





China Trade with Europe 2018



1. UK
China export to UK, 25,545 mil$ (-5.3%), and import from UK only 9,014 mil$(-7.7%). Trade balance is 16,531 mil$ in favor of China. However China is threatening UK, if UK cancel the nuclear electric genrator plant, China will reconsider trade relation with UK
.

UK has become extremely weak country. If UK will change the trade policy with China, China will lose big business partner.



Table, China Export to UK (Fob, mil $, %)

2014 15/1H 2015 16/1H 2014 15/1H 2015 16/1H
I Live animals, fish, dairy 381 163 352 175 7.3 -9.4 -7.8 7.3
II Vegetable products 230 109 218 101 1.9 -8.4 -5.3 -7.8
III Animal, vegetable oil 24 16 33 9 -11.4 23.2 37.8
IV Beverages, tabacco 422 181 411 179 0.3 -2.7 -2.7 -1.2
V Mineral, ores, oils 207 68 143 59 -15.7 -30.7 -30.8 -12.7
VI Chemicals, fertilizers 1,900 884 1,929 855 6.7 -3.1 1.5 -3.3
VII Plastics, rubber 2,520 1,234 2,518 1,208 3.5 1.5 -0.1 -2.2
VIII Leather, skin 1,193 636 1,340 604 -2.2 14.8 12.3 -5.0
IX Wood,cork, charcoal 826 447 873 402 13.6 17.0 5.7 -10.1
X Pulp, paper 913 446 1,064 387 6.0 20.9 16.5 -13.2
XI Textile, clothing, silk 11,185 5,176 12,065 5,212 24.1 12.5 7.9 0.7
XII Footware, umbrellas 2,956 1,541 3,330 1,490 20.8 18.1 12.6 -3.3
XIII Stone, glass, ceramic 1,007 567 1,312 511 -0.9 36.6 30.3 -10.0
XIV Jewerry, pearl 154 68 188 87 12.4 15.4 22.0 26.9
XV Base metals 3,854 1,878 3,801 1,576 28.0 1.0 -1.4 -16.1
72 Iron & Steel 505 190 336 86 151.1 -26.7 -33.4 -54.6
XVI Machinery, Electronics 19,371 8,663 18,851 8,249 9.6 2.8 -2.7 -4.8
84 Machinery & parts 9,388 4,004 8,383 3,670 11.0 -0.9 -10.7 -8.3
85 Electrical machinery, parts 9,983 4,659 10,468 4,579 7.2 7.2 4.9 -1.7
XVII Vehicles, airpcraft,vessels 2,208 1,053 2,402 819 -5.6 -15.5 8.8 -22.2
XVIII Optical, clocks, musical insr 1,128 542 1,110 572 14.8 1.1 -1.6 5.7
XIX Arms, amunition 2 1 3 2 -2.3 34.8 29.4
XX Miscellaneous 6,631 3,294 7,614 3,015 10.4 15.5 14.8 -8.5
XXI Works of art, antiques 26 8 24 8 28.8 -55.9 -6.3
XXII Commodities not classified 4 0 0 27 10.6 -95.1 -95.2
Total 57,143 26,977 59,582 25,545 12.2 6.4 4.3 -5.3




TABLE". China import from UK (Cif, Mil $, %)

2014 15/1H 2015 16/1H 2014 15/1H 2015 16/1H
I Live animals, fish, dairy 202 81 172 94 68.2 -20.3 -14.8 15.2
II Vegetable products 13 6 15 7 -4.0 5.8 10.1 15.7
III Animal, vegetable oil 15 5 8 1 -46.2
IV Beverages, tabacco 193 106 236 120 10.2 28.0 22.1 12.7
V Mineral, ores, oils 1,138 172 928 584 366.6 -73.9 -18.5 240.1
VI Chemicals, fertilizers 2,078 1,060 2,213 1,009 9.9 7.3 6.5 -4.9
VII Plastics, rubber 743 337 687 295 14.4 -2.1 -7.6 -12.6
VIII Leather, skin 180 105 179 54 -12.1 10.0 -0.7 -49.2
IX Wood,cork, charcoal 10 4 6 2 -32.1 -36.4 -39.1 -44.7
X Pulp, paper 872 399 859 393 3.2 -6.9 -1.5 -1.4
XI Textile, clothing, silk 332 140 314 136 9.1 -13.6 -5.6 -2.2
XII Footware, umbrellas 9 3 7 4 42.1 -8.9 -18.6 17.0
XIII Stone, glass, ceramic 74 36 74 39 21.2 -3.8 -0.1 7.2
XIV Jewerry, pearl 342 166 283 95 -5.6 -9.8 -17.3 -42.9
XV Base metals 1,357 588 1,100 440 -9.7 -15.0 -19.0 -25.0
72 Iron & Steel 100 41 72 22 10.3 -14.7 -28.0 -46.9
XVI Machinery, Electronics 3,591 1,678 3,370 1,535 -3.1 -4.4 -6.2 -8.5
84 Machinery & parts 2,583 1,185 2,167 1,048 -3.8 -6.8 -16.1 -11.5
85 Electrical machinery, parts 1,008 493 1,203 487 -1.4 1.9 19.3 -1.2
XVII Vehicles, airpcraft,vessels 10,919 4,170 7,080 3,531 43.4 -24.0 -35.2 -15.3
XVIII Optical, clocks, musical insr 1,366 630 1,263 609 18.7 -4.0 -7.6 -3.4
XIX Arms, amunition 0 0 0 0 -60.6
XX Miscellaneous 91 69 115 57 2.5 48.5 26.6 -17.8
XXI Works of art, antiques 18 12 29 3 56.4
XXII Commodities not classified 186 0 1 6 -99.2
Total 23,729 9,768 18,937 9,014 24.3 -16.9 -20.2 -7.7