China's current account surplus narrowed to USD 106.8 billion during the fourth quarter of 2022 from USD 118.4 billion in the same period last year as the goods surplus shrank to USD 164.1 billion from USD 182.8 billion, with both exports and imports dropping 9.8 percent. At the same time, the secondary income surplus was slightly down to USD 2.8 billion from USD 6.2 billion a year ago, and the services deficit widened to USD 28.8 billion from USD 15.2 billion. The primary income gap, however, fell to USD 31.3 billion from USD 55.5 billion. Considering 2022 full year, the current account surplus widened to USD 417.5 billion, up 32 percent from 2021 and the largest since 2008, helped by a rise in exports and a decline in imports as the domestic economy slowed. source: State Administration of Foreign Exchange, China

Current Account in China averaged 437.63 USD HML from 1998 until 2022, reaching an all time high of 1443.34 USD HML in the third quarter of 2022 and a record low of -522.52 USD HML in the first quarter of 2020. This page provides - China Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Current Account - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Current Account in China is expected to be 1500.00 USD HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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China Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-12-30 08:45 AM Current Account Final Q3 $144.3 $77.5B $144B
2023-02-10 09:00 AM Current Account Prel Q4 $106.8B $144.3B $90.0B
2023-03-31 09:00 AM Current Account Final Q4 $144.3B $106.8B


Related Last Previous Unit Reference
Balance of Trade 116.89 78.01 USD Billion Feb 2023
Current Account to GDP 2.30 1.80 percent of GDP Dec 2022
Current Account 1068.00 1443.34 USD HML Dec 2022
Exports 506.30 306.08 USD Billion Feb 2023
Imports 389.42 228.07 USD Billion Feb 2023
External Debt 27465.60 24008.10 USD HML Dec 2021
Capital Flows -1068.00 -1440.00 USD HML Dec 2022

China Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
1068.00 1443.34 1443.34 -522.52 1998 - 2022 USD HML Quarterly
Current Prices, NSA

News Stream
China Current Account Surplus Narrows in Q4
China's current account surplus narrowed to USD 106.8 billion during the fourth quarter of 2022 from USD 118.4 billion in the same period last year as the goods surplus shrank to USD 164.1 billion from USD 182.8 billion, with both exports and imports dropping 9.8 percent. At the same time, the secondary income surplus was slightly down to USD 2.8 billion from USD 6.2 billion a year ago, and the services deficit widened to USD 28.8 billion from USD 15.2 billion. The primary income gap, however, fell to USD 31.3 billion from USD 55.5 billion. Considering 2022 full year, the current account surplus widened to USD 417.5 billion, up 32 percent from 2021 and the largest since 2008, helped by a rise in exports and a decline in imports as the domestic economy slowed.
2023-02-10
China Current Account Surplus Revised Slightly Higher
China's current account surplus was revised slightly higher to USD 144.3 billion in the thrid quarter of 2022 from a preliminary estimate of USD 144 billion and compared to a USD 82.6 billion surplus in the same period of the previous year. It was the largest current account surplus on record. Considering the first half of the year, China recorded a current account surplus of USD 310.7 billion, up 56 percent from USD 198.9 billion in the same period of 2021.
2022-12-30
China Posts Largest Current Account Surplus on Record
China's current account surplus widened sharply to USD 144.0 billion in the third quarter of 2022 from USD 82.6 billion in the same period of the previous year. It was the largest current account surplus on record. Considering the first half of the year, China recorded a current account surplus of USD 310.4 billion, up 56 percent from USD 198.9 billion in the same period of 2021.
2022-11-04