<p><strong>Abstract.</strong> Carbon sequestration in agro-ecosystems has great potentials to mitigate global greenhouse gas emissions. To assess the CO<sub>2</sub> sequestration and the decadal trend of an irrigated wheat-maize rotation cropland, the net ecosystem exchange (NEE) with the atmosphere was measured by using an eddy covariance system from 2005 through 2016 over the North China Plain. To evaluate the detailed CO<sub>2</sub> budget components of this typical cropland, a comprehensive experiment was conducted in the full 2010&#8211;2011 wheat-maize rotation cycle by combining the eddy covariance NEE measurements, a soil respiration experiment that differentiated between heterotrophic and below-ground autotrophic respirations, plant carbon storage samplings and soil organic carbon measurements. Over the past decade from 2005 through 2016, the average of total NEE, Gross Primary Productivity (GPP), Ecosystem Respiration (ER) for wheat were &#8722;363.6 (&#177;&#8201;SD 97.8)&#8201;gC&#8201;m<sup>&#8722;2</sup>, 1173.9 (&#177;&#8201;189.1)&#8201;gC&#8201;m<sup>&#8722;2</sup> and 810.0 (&#177;&#8201;161.0)&#8201;gC&#8201;m<sup>&#8722;2</sup>, and were &#8722;135.8 (&#177;&#8201;168.2)&#8201;gC&#8201;m<sup>&#8722;2</sup>, 1007.6 (&#177;&#8201;296.5)&#8201;gC&#8201;m<sup>&#8722;2</sup>, and 871.8 (&#177;&#8201;283.5)&#8201;gC&#8201;m<sup>&#8722;2</sup> for maize. The multiple regression revealed that, air temperature was the dominant factor of CO<sub>2</sub> fluxes for wheat; but in the maize season, incoming short-wave radiation and groundwater table were the dominant factors. For the full 2010&#8211;2011 cultural cycle, the CO<sub>2</sub> fluxes for wheat and maize were as follows: NEE &#8722;437.9 and &#8722;238.8&#8201;gC&#8201;m<sup>&#8722;2</sup>, GPP 1078.2 and 779.7&#8201;gC&#8201;m<sup>&#8722;2</sup>, ER 640.4 and 540.8&#8201;gC&#8201;m<sup>&#8722;2</sup>, soil heterotrophic respiration 376.8 and 292.2&#8201;gC&#8201;m<sup>&#8722;2</sup>, below-ground autotrophic respiration 135.5 and 115.4&#8201;gC&#8201;m<sup>&#8722;2</sup>, above-ground autotrophic respiration 128.0 and 133.2&#8201;gC&#8201;m<sup>&#8722;2</sup>. The net biome productivity was 58.8 (&#177;&#8201;SD 45.8)&#8201;gC&#8201;m<sup>&#8722;2</sup> for wheat and 3.9 (&#177;&#8201;42.9)&#8201;gC&#8201;m<sup>&#8722;2</sup> for maize, indicating that wheat was a weak CO<sub>2</sub> sink and maize was close to CO<sub>2</sub> neutral to the atmosphere for this cultural cycle. However, when considering the total CO<sub>2</sub> loss in the fallow period, the net biome productivity was &#8722;41.2 (&#177;&#8201;3.1)&#8201;gC&#8201;m<sup>&#8722;2</sup>&#8201;yr<sup>&#8722;1</sup> for the full 2010&#8211;2011 cycle, implying that the cropland was a weak CO<sub>2</sub> source in this period. The detailed investigation of the CO<sub>2</sub> budget components of this study provides valuable knowledge for sustainable cropland management in the context of climate change.</p>