Globalization and technological revolutions are making the world more interconnected. International trade is one of the major approaches linking the world. Since the 2011 Tohoku earthquake and tsunami in Japan shocked the global supply chain, more attention has been paid to the global impact of large-scale disasters. China is the second largest trader in the world and faces the most frequent natural disasters. Therefore, this study proposes a gravity model for China's bilateral trade tailored to national circumstances, and estimates the impact of natural disasters in China and trading partner countries on Chinese imports and exports. We analyzed Chinese and trading partner statistical data from 1980 to 2012. Study results show that: (1) China's natural disasters have a positive impact on imports, but have no significant impact on exports, (2) trading partner countries' natural disasters reduce Chinese imports and exports, (3) both development level and land area of the partners are important in determining the intensity of natural disaster impacts on China's bilateral trade. The above findings suggest that the impact of natural disasters on trade is asymmetric and significantly affected by other factors, which demand further study.