In the fourth quarter of 2021, China's current account registered a surplus of RMB 763.6 billion, including a surplus of RMB 1152.6 billion under trade in goods, a deficit of RMB 97.1 billion under trade in services, a deficit of RMB 332.4 billion under primary income, and a surplus of RMB 40.4 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of RMB 261.1 billion, and reserve assets increased by RMB 270.8 billion.
In 2021, China's current account registered a surplus of RMB 2034.8 billion, including a surplus of RMB 3573.6 billion under trade in goods, a deficit of RMB 630.3 billion under trade in services, a deficit of RMB 1015.2 billion under primary income, and a surplus of RMB 106.7 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of RMB 1323.1 billion, and reserve assets increased by RMB 1217.5 billion.
In the US dollar terms, in the fourth quarter of 2021, China's current account recorded a surplus of USD 119.4 billion, including a surplus of USD 180.3 billion under trade in goods, a deficit of USD 15.2 billion under trade in services, a deficit of USD 52 billion under primary income, and a surplus of USD 6.3 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of USD 40.8 billion, and reserve assets increased by USD 42.2 billion.
In the US dollar terms, in 2021, China's current account recorded a surplus of USD 315.7 billion, including a surplus of USD 554.5 billion under trade in goods, a deficit of USD 97.7 billion under trade in services, a deficit of USD 157.7 billion under primary income, and a surplus of USD 16.6 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of USD 204.8 billion, and reserve assets increased by USD 188.6 billion.
In SDR terms, in the fourth quarter of 2021, China posted a surplus of SDR 84.9 billion under the current account, including a surplus of SDR 128.3 billion under trade in goods, a deficit of SDR 10.8 billion under trade in services, a deficit of SDR 37.1 billion under primary income, and a surplus of SDR4.5 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of SDR 29 billion, and reserve assets increased by SDR 29.9 billion.
In SDR terms, in 2021, China posted a surplus of SDR 222.2 billion under the current account, including a surplus of SDR 389.9 billion under trade in goods, a deficit of SDR 68.5 billion under trade in services, a deficit of SDR 110.9 billion under primary income, and a surplus of SDR 11.7 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of SDR 143.5 billion, and reserve assets increased by SDR 132.2 billion. (End)
China's Balance of Payments (Preliminary Data)
Unit:RMB 100 million
Item | Line No. | 2021 Q4 | 2021 |
1. Current account | 1 | 7,636 | 20,348 |
Credit | 2 | 70,494 | 250,553 |
Debit | 3 | -62,858 | -230,206 |
1. A Goods and Services | 4 | 10,556 | 29,433 |
Credit | 5 | 66,454 | 229,593 |
Debit | 6 | -55,898 | -200,160 |
1.A.a Goods | 7 | 11,526 | 35,736 |
Credit | 8 | 59,900 | 207,750 |
Debit | 9 | -48,374 | -172,014 |
1.A.b Services | 10 | -971 | -6,303 |
Credit | 11 | 6,554 | 21,843 |
Debit | 12 | -7,524 | -28,147 |
1.A.b.1 Processing services | 13 | 227 | 870 |
Credit | 14 | 240 | 916 |
Debit | 15 | -13 | -46 |
1.A.b.2 Maintenance and Repair Services | 16 | 79 | 261 |
Credit | 17 | 147 | 507 |
Debit | 18 | -68 | -246 |
1.A.b.3 Transport | 19 | 178 | -979 |
Credit | 20 | 2,725 | 8,196 |
Debit | 21 | -2,547 | -9,175 |
1.A.b.4 Travel | 22 | -1,719 | -6,402 |
Credit | 23 | 185 | 732 |
Debit | 24 | -1,904 | -7,134 |
1.A.b.5 Construction | 25 | 152 | 357 |
Credit | 26 | 311 | 986 |
Debit | 27 | -159 | -629 |
1.A.b.6 Insurance and Pension Services | 28 | -210 | -761 |
Credit | 29 | 84 | 332 |
Debit | 30 | -294 | -1,093 |
1.A.b.7 Financial Services | 31 | 9 | -37 |
Credit | 32 | 90 | 337 |
Debit | 33 | -80 | -374 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -587 | -2,265 |
Credit | 35 | 202 | 758 |
Debit | 36 | -789 | -3,023 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 267 | 695 |
Credit | 38 | 901 | 3,278 |
Debit | 39 | -633 | -2,583 |
1.A.b.10 Other Business Services | 40 | 678 | 2,185 |
Credit | 41 | 1,619 | 5,607 |
Debit | 42 | -941 | -3,422 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -32 | -118 |
Credit | 44 | 26 | 94 |
Debit | 45 | -59 | -211 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -13 | -109 |
Credit | 47 | 25 | 100 |
Debit | 48 | -38 | -209 |
1.B Primary Income | 49 | -3,324 | -10,152 |
Credit | 50 | 3,086 | 17,773 |
Debit | 51 | -6,410 | -27,925 |
1.C Secondary Income | 52 | 404 | 1067 |
Credit | 53 | 955 | 3187 |
Debit | 54 | -550 | -2120 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -7,636 | -14,415 |
2.1 Capital Account | 56 | 0 | 6 |
Credit | 57 | 3 | 17 |
Debit | 58 | -4 | -11 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -7,636 | -14,420 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -4,928 | -2,246 |
Including: 2.2.1.1 Direct Investment | 61 | 2,611 | 13,231 |
2.2.1.1.1 Assets | 62 | -2,682 | -8,206 |
2.2.1.1.2 Liabilities | 63 | 5,292 | 21,437 |
2.2.2 Reserve Assets | 64 | -2708 | -12175 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 17 | -2705 |
2.2.2.3 Reserve position in the IMF | 67 | -38 | -6 |
2.2.2.4 Foreign exchange reserves | 68 | -2687 | -9464 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -5933 |
Note:1. The table is compiled according to BPM6.
2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit".
3.The RMB denominated BOP statement is converted from the USD denominated BOP statement for the quarter using the period average central parity rate of RMB against USD.
4.The preliminary amount for 2021 is the sum of the official amounts of the BOP for the first three quarters of 2021, and the preliminary amount for 2021Q4.
5.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit: USD 100 million
Item | Line No. | 2021 Q4 | 2021 |
1. Current account | 1 | 1194 | 3157 |
Credit | 2 | 11026 | 38855 |
Debit | 3 | -9832 | -35698 |
1. A Goods and Services | 4 | 1651 | 4568 |
Credit | 5 | 10394 | 35609 |
Debit | 6 | -8744 | -31040 |
1.A.a Goods | 7 | 1803 | 5545 |
Credit | 8 | 9369 | 32220 |
Debit | 9 | -7566 | -26676 |
1.A.b Services | 10 | -152 | -977 |
Credit | 11 | 1025 | 3388 |
Debit | 12 | -1177 | -4365 |
1.A.b.1 Processing services | 13 | 35 | 135 |
Credit | 14 | 37 | 142 |
Debit | 15 | -2 | -7 |
1.A.b.2 Maintenance and Repair Services | 16 | 12 | 40 |
Credit | 17 | 23 | 79 |
Debit | 18 | -11 | -38 |
1.A.b.3 Transport | 19 | 28 | -151 |
Credit | 20 | 426 | 1272 |
Debit | 21 | -398 | -1423 |
1.A.b.4 Travel | 22 | -269 | -993 |
Credit | 23 | 29 | 114 |
Debit | 24 | -298 | -1106 |
1.A.b.5 Construction | 25 | 24 | 56 |
Credit | 26 | 49 | 153 |
Debit | 27 | -25 | -97 |
1.A.b.6 Insurance and Pension Services | 28 | -33 | -118 |
Credit | 29 | 13 | 51 |
Debit | 30 | -46 | -170 |
1.A.b.7 Financial Services | 31 | 1 | -6 |
Credit | 32 | 14 | 52 |
Debit | 33 | -13 | -58 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -92 | -352 |
Credit | 35 | 32 | 118 |
Debit | 36 | -124 | -469 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 42 | 108 |
Credit | 38 | 141 | 508 |
Debit | 39 | -99 | -400 |
1.A.b.10 Other Business Services | 40 | 106 | 339 |
Credit | 41 | 253 | 870 |
Debit | 42 | -147 | -531 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -5 | -18 |
Credit | 44 | 4 | 15 |
Debit | 45 | -9 | -33 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -2 | -17 |
Credit | 47 | 4 | 16 |
Debit | 48 | -6 | -32 |
1.B Primary Income | 49 | -520 | -1577 |
Credit | 50 | 482 | 2752 |
Debit | 51 | -1002 | -4329 |
1.C Secondary Income | 52 | 63 | 166 |
Credit | 53 | 149 | 494 |
Debit | 54 | -86 | -329 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -1194 | -2238 |
2.1 Capital Account | 56 | 0 | 1 |
Credit | 57 | 0 | 3 |
Debit | 58 | -1 | -2 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -1194 | -2239 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -772 | -353 |
Including: 2.2.1.1 Direct Investment | 61 | 408 | 2048 |
2.2.1.1.1 Assets | 62 | -420 | -1275 |
2.2.1.1.2 Liabilities | 63 | 828 | 3323 |
2.2.2 Reserve Assets | 64 | -422 | -1886 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 3 | -418 |
2.2.2.3 Reserve position in the IMF | 67 | -6 | -1 |
2.2.2.4 Foreign exchange reserves | 68 | -419 | -1467 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -919 |
Note:1. The table is compiled according to BPM6.
2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit".
3. The preliminary amount for 2021 is the sum of the official amounts of the BOP for the first three quarters of 2021, and the preliminary amount for 2021Q4.
4.This table employs rounded-off numbers.
China's Balanceof Payments (Preliminary Data)
Unit:SDR 100 million
Item | Line No. | 2021 Q4 | 2021 |
1. Current account | 1 | 849 | 2,222 |
Credit | 2 | 7,851 | 27,302 |
Debit | 3 | -7,002 | -25,080 |
1. A Goods and Services | 4 | 1,175 | 3,214 |
Credit | 5 | 7,402 | 25,026 |
Debit | 6 | -6,227 | -21,812 |
1.A.a Goods | 7 | 1,283 | 3,899 |
Credit | 8 | 6,671 | 22,644 |
Debit | 9 | -5,388 | -18,745 |
1.A.b Services | 10 | -108 | -685 |
Credit | 11 | 730 | 2,382 |
Debit | 12 | -839 | -3,067 |
1.A.b.1 Processing services | 13 | 25 | 95 |
Credit | 14 | 27 | 100 |
Debit | 15 | -1 | -5 |
1.A.b.2 Maintenance and Repair Services | 16 | 9 | 28 |
Credit | 17 | 16 | 55 |
Debit | 18 | -8 | -27 |
1.A.b.3 Transport | 19 | 20 | -105 |
Credit | 20 | 304 | 895 |
Debit | 21 | -284 | -1,000 |
1.A.b.4 Travel | 22 | -192 | -698 |
Credit | 23 | 21 | 80 |
Debit | 24 | -212 | -777 |
1.A.b.5 Construction | 25 | 17 | 39 |
Credit | 26 | 35 | 108 |
Debit | 27 | -18 | -68 |
1.A.b.6 Insurance and Pension Services | 28 | -23 | -83 |
Credit | 29 | 9 | 36 |
Debit | 30 | -33 | -119 |
1.A.b.7 Financial Services | 31 | 1 | -4 |
Credit | 32 | 10 | 37 |
Debit | 33 | -9 | -41 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -66 | -247 |
Credit | 35 | 22 | 83 |
Debit | 36 | -88 | -330 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 30 | 76 |
Credit | 38 | 100 | 357 |
Debit | 39 | -71 | -281 |
1.A.b.10 Other Business Services | 40 | 76 | 238 |
Credit | 41 | 180 | 611 |
Debit | 42 | -105 | -373 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -4 | -13 |
Credit | 44 | 3 | 10 |
Debit | 45 | -7 | -23 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -1 | -12 |
Credit | 47 | 3 | 11 |
Debit | 48 | -4 | -23 |
1.B Primary Income | 49 | -371 | -1,109 |
Credit | 50 | 343 | 1,929 |
Debit | 51 | -714 | -3,038 |
1.C Secondary Income | 52 | 45 | 117 |
Credit | 53 | 106 | 348 |
Debit | 54 | -61 | -231 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -849 | -1,580 |
2.1 Capital Account | 56 | 0 | 1 |
Credit | 57 | 0 | 2 |
Debit | 58 | 0 | -1 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -849 | -1,580 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -550 | -258 |
Including: 2.2.1.1 Direct Investment | 61 | 290 | 1,435 |
2.2.1.1.1 Assets | 62 | -300 | -897 |
2.2.1.1.2 Liabilities | 63 | 590 | 2,332 |
2.2.2 Reserve Assets | 64 | -299 | -1322 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 2 | -294 |
2.2.2.3 Reserve position in the IMF | 67 | -4 | -1 |
2.2.2.4 Foreign exchange reserves | 68 | -297 | -1028 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -642 |
Notes: 1. The table is compiled according to BPM6.
2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit".
3. The SDR denominated quarterly BOP statement is converted from the USD denominated BOP statement for the quarter using the period average exchange rate of SDR against USD.
4. The preliminary amount for 2021 is the sum of the official amounts of the BOP for the first three quarters of 2021, and the preliminary amount for 2021Q4.
5. This table employs rounded-off numbers.
