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.