| Consensus | Consensus Range | Actual | Previous | |
| Balance | $123.3B | $107.0B to $123.3B | $119.1B | $112.5B |
| Imports - Y/Y | 28.2% | 27.5% | ||
| Exports - Y/Y | 27.4% | 24.1% to 28.2% | 25.0% | 23.9% |
Highlights
China's merchandise trade surplus widened from $112.5 billion in July to 119.1 billion in August. Exports rose 25.0 percent on the year after increasing 23.9 percent previously, while imports rose 28.2 percent on the year after a previous increase of 27.5 percent. Export growth remains supported by strong demand for semi-conductors and other high-tech products, with exports to the United States increasing 34.4 percent on the year.
Market Consensus Before Announcement
Another blowout trade surplus is expected at $123.3 billion in August after $112.5 billion in July as exports show another massive gain.
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