China: Balance of Payments (USD, Quarterly) - Goods and Services Balance

Macro

2026-09-30

Description

Annual dollar-denominated data on goods and services in China's current account are compiled and released by the State Administration of Foreign Exchange (SAFE). This indicator measures the trade balance of goods and services and reflects the difference between exports and imports. A positive number indicates a surplus, and a negative number indicates a deficit. This is an important indicator for assessing China's economic health, especially in terms of foreign trade and international economic status.

Published by
State AdministRation of Foreign Exchange of China (Choice)
Frequency
Quarterly
Next Update
Hashtags
China BoP Current_Account

AI Data Insight

China's goods and services surplus reached $223.39 billion in the second quarter of 2026, widening significantly from $187.92 billion in the previous quarter, indicating a continued positive contribution of net exports to economic growth. This growth was primarily driven by the AI hardware supply chain and commodity exports, offsetting the impact of the services trade deficit. Looking ahead, while support from external demand remains strong, attention must still be paid to trade uncertainties caused by weak domestic demand and geopolitics.

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AI Data Insight

China's goods and services surplus reached $223.39 billion in the second quarter of 2026, widening significantly from $187.92 billion in the previous quarter, indicating a continued positive contribution of net exports to economic growth. This growth was primarily driven by the AI hardware supply chain and commodity exports, offsetting the impact of the services trade deficit. Looking ahead, while support from external demand remains strong, attention must still be paid to trade uncertainties caused by weak domestic demand and geopolitics.

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Description

Annual dollar-denominated data on goods and services in China's current account are compiled and released by the State Administration of Foreign Exchange (SAFE). This indicator measures the trade balance of goods and services and reflects the difference between exports and imports. A positive number indicates a surplus, and a negative number indicates a deficit. This is an important indicator for assessing China's economic health, especially in terms of foreign trade and international economic status.

Published by
State AdministRation of Foreign Exchange of China (Choice)
Frequency
Quarterly
Next Update
Hashtags
China BoP Current_Account