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SAFE News
  • Index number:
    000014453-2022-0034
  • Dispatch date:
    2022-04-27
  • Publish organization:
    State Administration of Foreign Exchange
  • Exchange Reference number:
  • Name:
    SAFE Releases Preliminary Data of the Balance of Payments for the First Quarter of 2022
SAFE Releases Preliminary Data of the Balance of Payments for the First Quarter of 2022

In the first quarter of 2022, China's current account registered a surplus of RMB 568.5 billion, including a surplus of RMB 920.5 billion under trade in goods, a deficit of RMB 115.6 billion under trade in services, a deficit of RMB 272 billion under primary income and a surplus of RMB 35.6 billion under secondary income. In the capital and financial accounts, direct investment recorded a surplus of RMB 412.6 billion, reserve assets increased by RMB 249.8 billion.

In the US dollar terms, in the first quarter of 2022, China's current account registered a surplus of USD 89.5 billion, including a surplus of USD 145 billion under trade in goods, a deficit of USD 18.2 billion under trade in services, a deficit of USD 42.8 billion under primary income and a surplus of USD 5.6 billion under secondary income. In the capital and financial accounts, direct investment recorded a surplus of USD 65 billion, reserve assets increased by USD 39.3 billion.

In SDR terms, in the first quarter of 2022, China's current account registered a surplus of SDR 64.3 billion, including a surplus of SDR 104 billion under trade in goods, a deficit of SDR 13.1 billion under trade in services, a deficit of SDR 30.7 billion under primary income and a surplus of SDR 4 billion under secondary income. In the capital and financial accounts, direct investment recorded a surplus of SDR 46.7 billion, reserve assets increased by SDR 28.2 billion. (End)


China's Balance of Payments (Preliminary Data)

                                                                                                                                                             Unit: RMB 100 million

Item

Line  No.

Q1 2022

1. Current account

1

5685

Credit

2

61091

Debit

3

-55406

1.  A Goods and Services

4

8049

Credit

5

57211

Debit

6

-49162

1.A.a  Goods

7

9205

Credit

8

50989

Debit

9

-41784

1.A.b  Services

10

-1156

Credit

11

6222

Debit

12

-7378

1.A.b.1 Processing services

13

204

Credit

14

217

Debit

15

-13

1.A.b.2 Maintenance and Repair  Services

16

54

Credit

17

115

Debit

18

-61

1.A.b.3 Transport

19

181

Credit

20

2640

Debit

21

-2459

1.A.b.4 Travel

22

-1869

Credit

23

147

Debit

24

-2016

1.A.b.5 Construction

25

60

Credit

26

197

Debit

27

-137

1.A.b.6 Insurance and Pension Services

28

-338

Credit

29

94

Debit

30

-432

1.A.b.7 Financial Services

31

16

Credit

32

75

Debit

33

-59

1.A.b.8 Charges for the Use of  Intellectual Property

34

-491

Credit

35

203

Debit

36

-694

1.A.b.9 Telecommunications, Computer,  and Information Services

37

280

Credit

38

932

Debit

39

-651

1.A.b.10 Other Business Services

40

762

Credit

41

1553

Debit

42

-791

1.A.b.11 Personal, Cultural, and  Recreational Services

43

-11

Credit

44

22

Debit

45

-34

1.A.b.12 Government Goods and Services  n.i.e

46

-3

Credit

47

28

Debit

48

-31

1.B  Primary Income

49

-2720

Credit

50

2933

Debit

51

-5653

1.C  Secondary Income

52

356

Credit

53

947

Debit

54

-591

2. Capital and Financial Accounts  (Including Net Errors and Omissions for the Quarter)

55

-5685

2.1  Capital Account

56

-16

Credit

57

4

Debit

58

-20

2.2.  Financial Account (Including Net Errors and Omissions for the Quarter)

59

-5669

2.2.1  Financial Account (Excluding Reserve Assets, But Including Net Errors and  Omissions for the Quarter)

60

-3172

Including: 2.2.1.1 Direct Investment

61

4126

2.2.1.1.1 Assets

62

-2668

2.2.1.1.2 Liabilities

63

6795

2.2.2  Reserve Assets

64

-2498

2.2.2.1 Monetary gold

65

0

2.2.2.2 Special drawing rights

66

-6

2.2.2.3 Reserve position in the IMF

67

14

2.2.2.4 Foreign exchange reserves

68

-2505

2.2.2.5 Other reserves

69

0

3. Net Errors and Omissions

70

/

Note: 1. The table is compiled accordingto 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.Since net errors and omissions are included, the amount of the capital and financial accounts is the opposite number of the difference in the current account.

5.This table employs rounded-off numbers.


China's Balance of Payments (Preliminary Data)

                                                                                                                                                           Unit: USD 100 million

Item

Line No.

Q1 2022

1. Current account

1

895

Credit

2

9623

Debit

3

-8728

1.  A Goods and Services

4

1268

Credit

5

9012

Debit

6

-7744

1.A.a  Goods

7

1450

Credit

8

8032

Debit

9

-6582

1.A.b  Services

10

-182

Credit

11

980

Debit

12

-1162

1.A.b.1 Processing services

13

32

Credit

14

34

Debit

15

-2

1.A.b.2 Maintenance and Repair  Services

16

9

Credit

17

18

Debit

18

-10

1.A.b.3 Transport

19

28

Credit

20

416

Debit

21

-387

1.A.b.4 Travel

22

-294

Credit

23

23

Debit

24

-318

1.A.b.5 Construction

25

9

Credit

26

31

Debit

27

-22

1.A.b.6 Insurance and Pension Services

28

-53

Credit

29

15

Debit

30

-68

1.A.b.7 Financial Services

31

2

Credit

32

12

Debit

33

-9

1.A.b.8 Charges for the Use of  Intellectual Property

34

-77

Credit

35

32

Debit

36

-109

1.A.b.9 Telecommunications, Computer,  and Information Services

37

44

Credit

38

147

Debit

39

-103

1.A.b.10 Other Business Services

40

120

Credit

41

245

Debit

42

-125

1.A.b.11 Personal, Cultural, and  Recreational Services

43

-2

Credit

44

4

Debit

45

-5

1.A.b.12 Government Goods and Services  n.i.e

46

0

Credit

47

4

Debit

48

-5

1.B  Primary Income

49

-428

Credit

50

462

Debit

51

-890

1.C  Secondary Income

52

56

Credit

53

149

Debit

54

-93

2. Capital and Financial Accounts  (Including Net Errors and Omissions for the Quarter)

55

-895

2.1  Capital Account

56

-2

Credit

57

1

Debit

58

-3

2.2.  Financial Account (Including Net Errors and Omissions for the Quarter)

59

-893

2.2.1  Financial Account (Excluding Reserve Assets, But Including Net Errors and  Omissions for the Quarter)

60

-499

Including: 2.2.1.1 Direct Investment

61

650

2.2.1.1.1 Assets

62

-420

2.2.1.1.2 Liabilities

63

1070

2.2.2  Reserve Assets

64

-393

2.2.2.1 Monetary gold

65

0

2.2.2.2 Special drawing rights

66

-1

2.2.2.3 Reserve position in the IMF

67

2

2.2.2.4 Foreign exchange reserves

68

-394

2.2.2.5 Other reserves

69

0

3. Net Errors and Omissions

70

/

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.Since net errors and omissions are included, the amount of the capital and financial accounts is the opposite number of the difference in the current account.

4.This table employs rounded-off numbers.


China's Balance of Payments (Preliminary Data)

                                                                                                                                                             Unit:SDR 100 million

Item

Line No.

Q1 2022

1. Current account

1

643

Credit

2

6905

Debit

3

-6262

1.  A Goods and Services

4

910

Credit

5

6466

Debit

6

-5556

1.A.a  Goods

7

1040

Credit

8

5763

Debit

9

-4723

1.A.b  Services

10

-131

Credit

11

703

Debit

12

-834

1.A.b.1 Processing services

13

23

Credit

14

25

Debit

15

-2

1.A.b.2 Maintenance and Repair  Services

16

6

Credit

17

13

Debit

18

-7

1.A.b.3 Transport

19

20

Credit

20

298

Debit

21

-278

1.A.b.4 Travel

22

-211

Credit

23

17

Debit

24

-228

1.A.b.5 Construction

25

7

Credit

26

22

Debit

27

-15

1.A.b.6 Insurance and Pension Services

28

-38

Credit

29

11

Debit

30

-49

1.A.b.7 Financial Services

31

2

Credit

32

8

Debit

33

-7

1.A.b.8 Charges for the Use of  Intellectual Property

34

-56

Credit

35

23

Debit

36

-79

1.A.b.9 Telecommunications, Computer,  and Information Services

37

32

Credit

38

105

Debit

39

-74

1.A.b.10 Other Business Services

40

86

Credit

41

175

Debit

42

-89

1.A.b.11 Personal, Cultural, and  Recreational Services

43

-1

Credit

44

3

Debit

45

-4

1.A.b.12 Government Goods and Services  n.i.e

46

0

Credit

47

3

Debit

48

-3

1.B  Primary Income

49

-307

Credit

50

332

Debit

51

-639

1.C  Secondary Income

52

40

Credit

53

107

Debit

54

-67

2. Capital and Financial Accounts  (Including Net Errors and Omissions for the Quarter)

55

-643

2.1  Capital Account

56

-2

Credit

57

0

Debit

58

-2

2.2.  Financial Account (Including Net Errors and Omissions for the Quarter)

59

-641

2.2.1  Financial Account (Excluding Reserve Assets, But Including Net Errors and  Omissions for the Quarter)

60

-359

Including: 2.2.1.1 Direct Investment

61

467

2.2.1.1.1 Assets

62

-302

2.2.1.1.2 Liabilities

63

769

2.2.2  Reserve Assets

64

-282

2.2.2.1 Monetary gold

65

0

2.2.2.2 Special drawing rights

66

-1

2.2.2.3 Reserve position in the IMF

67

2

2.2.2.4 Foreign exchange reserves

68

-283

2.2.2.5 Other reserves

69

0

3. Net Errors and Omissions

70

/

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.Since net errors and omissions are included, the amount of the capital and financial accounts is the opposite number of the difference in the current account.

5.This table employs rounded-off numbers.

The English translation may only be used as a reference. In case a different interpretation of the translated information contained in this website arises, the original Chinese shall prevail.

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