SAFE Releases China's Balance of Payments for the First Quarter of 2025

2026-04-14 20:25:26 ChinaFXTools 0 reads

In the first quarter of 2025, China's current account registered a surplus of RMB 1187.4 billion, and the capital and financial accounts recorded a deficit of RMB 1009.4 billion.

In the US dollar terms, in the first quarter, China's current account recorded a surplus of USD 165.4 billion, including a surplus of USD 237.5 billion under trade in goods, a deficit of USD 59.3 billion under trade in services, a deficit of USD 15.5 billion under primary income and a surplus of USD 2.8 billion under secondary income. The capital and financial accounts registered a deficit of USD 140.7 billion, including a deficit of USD 73.1 million under the capital account, and a deficit of USD 140.6 billion under the financial account.

In SDR terms, in the first quarter, China posted a surplus of SDR 126.0 billion under the current account, and a deficit of SDR 106.8 billion under the capital and financial accounts.(End)


Abridged Balance of Payments, Q1 2025

Item

Line No.

RMB

100 million

USD

100 million

SDR

100 million

1. Current Account

1

11874

1654

1260

Credit

2

72030

10037

7645

Debit

3

-60157

-8383

-6384

1. A Goods and Services

4

12788

1782

1357

Credit

5

66449

9260

7053

Debit

6

-53661

-7478

-5695

1.A.a Goods

7

17047

2375

1809

Credit

8

59264

8258

6290

Debit

9

-42217

-5883

-4480

1.A.b Services

10

-4259

-593

-452

Credit

11

7185

1001

763

Debit

12

-11444

-1595

-1215

1.B Primary Income

13

-1111

-155

-118

Credit

14

4961

691

526

Debit

15

-6072

-846

-644

1.C Secondary Income

16

198

28

21

Credit

17

621

86

66

Debit

18

-423

-59

-45

2. Capital and Financial Account

19

-10094

-1407

-1068

2.1 Capital Account

20

-5

-1

-1

Credit

21

2

0

0

Debit

22

-7

-1

-1

2.2 Financial Account

23

-10089

-1406

-1068

Assets

24

-13222

-1842

-1400

Liabilities

25

3133

437

333

2.2.1 Financial Account Excluding Reserve Assets

26

-12323

-1717

-1306

2.2.1.1 Direct Investment

27

-2430

-338

-259

Assets

28

-3471

-484

-369

Liabilities

29

1041

145

109

2.2.1.2 Portfolio Investment

30

-4390

-612

-467

Assets

31

-6469

-901

-687

Liabilities

32

2079

290

220

2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options

33

-534

-74

-57

Assets

34

-416

-58

-44

Liabilities

35

-118

-16

-12

2.2.1.4 Other Investment

36

-4969

-693

-523

Assets

37

-5100

Previous: SAFE Releases China's External Debt Data at the end of March 2025

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