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

Macro

2025-04-09

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
Yearly
Next Update
Hashtags
China BoP Current_Account

AI Data Insight

China's goods and services surplus jumped significantly to $822.442 billion in 2025, surging over 50% from the previous value of $538.958 billion to set a new historical record. Driven by the dual boost of strong growth in goods exports and a narrowing services trade deficit, the overall balance of payments surplus performed remarkably well. However, it also highlights the structural concerns of weak domestic demand and high reliance on external markets.

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AI Data Insight

China's goods and services surplus jumped significantly to $822.442 billion in 2025, surging over 50% from the previous value of $538.958 billion to set a new historical record. Driven by the dual boost of strong growth in goods exports and a narrowing services trade deficit, the overall balance of payments surplus performed remarkably well. However, it also highlights the structural concerns of weak domestic demand and high reliance on external markets.

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Macro
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
Yearly
Next Update
Hashtags
China BoP Current_Account