Basically, it is eroding a miniscule amount, and re-forming at a smaller miniscule amount. All of which well under the max 1mm/year.
Also important is whether the erosion is accelerating, constant or decelerating.
My field was eroded clay when I bought it 20 years ago. Left fallow (well, planted in cover crops) it now has 4" topsoil. It can also rebuild you see.