In the third quarter of 2023, China's current account registered a surplus of RMB 453.3 billion, including a surplus of RMB 1165.8 billion under trade in goods, a deficit of RMB 478.6 billion under trade in services, a deficit of RMB 250.7 billion under primary income, and a surplus of RMB 16.8 billion under secondary income. In the capital and financial accounts, direct investment assets increased by RMB 392.4 billion and liabilities decreased by RMB 84.7 billion, reserve assets decreased by RMB 273.8 billion.
In the first three quarters of 2023, China's current account registered a surplus of RMB 1461.8 billion, including a surplus of RMB 3201.2 billion under trade in goods, a deficit of RMB 1187.6 billion under trade in services, a deficit of RMB 627.5 billion under primary income, and a surplus of RMB 75.7 billion under secondary income. In the capital and financial accounts, direct investment assets increased by RMB 1007.6 billion and liabilities increased by RMB 102.3 billion, reserve assets increased by RMB 14.1 billion.
In the US dollar terms, in the third quarter of 2023, China's current account recorded a surplus of USD 62.6 billion, including a surplus of USD 160.9 billion under trade in goods, a deficit of USD 66.0 billion under trade in services, a deficit of USD 34.6 billion under primary income, and a surplus of USD 2.3 billion under secondary income. In the capital and financial accounts, direct investment assets increased by USD 54.0 billion and liabilities decreased by USD 11.8 billion, reserve assets decreased by USD 38.2 billion.
In the US dollar terms, in first three quarters of 2023, China's current account recorded a surplus of USD 208.9 billion, including a surplus of USD 454.2 billion under trade in goods, a deficit of USD 168.2 billion under trade in services, a deficit of USD 87.8 billion under primary income, and a surplus of USD 10.8 billion under secondary income. In the capital and financial accounts, direct investment assets increased by USD 142.9 billion and liabilities increased by USD 15.5 billion, reserve assets increased by USD 3.5 billion.
In SDR terms, in the third quarter of 2023, China posted a surplus of SDR 46.9 billion under the current account, including a surplus of SDR 120.8 billion under trade in goods, a deficit of SDR 49.6 billion under trade in services. In the capital and financial accounts, direct investment assets increased by SDR 40.7 billion and liabilities decreased by SDR 8.8 billion, reserve assets decreased by SDR 28.2 billion.
In SDR terms, in first three quarters of 2023, China posted a surplus of SDR 155.9 billion under the current account, including a surplus of SDR 339.5 billion under trade in goods, a deficit of SDR 125.8 billion under trade in services. In the capital and financial accounts, direct investment assets increased by SDR 107.0 billion and liabilities increased by SDR 11.6 billion, reserve assets increased by SDR 2.9 billion. (End)
China's Balance of Payments (Preliminary Data)
Unit:RMB 100 million
Item | Line No. | 2023Q3 | 2023First Three Quarters |
1. Current account | 1 | 4533 | 14618 |
Credit | 2 | 69706 | 196630 |
Debit | 3 | -65173 | -182012 |
1. A Goods and Services | 4 | 6872 | 20136 |
Credit | 5 | 64225 | 181279 |
Debit | 6 | -57354 | -161143 |
1.A.a Goods | 7 | 11658 | 32012 |
Credit | 8 | 58708 | 164518 |
Debit | 9 | -47050 | -132506 |
1.A.b Services | 10 | -4786 | -11876 |
Credit | 11 | 5517 | 16761 |
Debit | 12 | -10303 | -28637 |
1.A.b.1 Processing services | 13 | 215 | 622 |
Credit | 14 | 232 | 665 |
Debit | 15 | -17 | -43 |
1.A.b.2 Maintenance and Repair Services | 16 | 94 | 210 |
Credit | 17 | 201 | 506 |
Debit | 18 | -107 | -296 |
1.A.b.3 Transport | 19 | -1569 | -4460 |
Credit | 20 | 1586 | 4592 |
Debit | 21 | -3154 | -9052 |
1.A.b.4 Travel | 22 | -3545 | -9175 |
Credit | 23 | 269 | 705 |
Debit | 24 | -3813 | -9880 |
1.A.b.5 Construction | 25 | 50 | 325 |
Credit | 26 | 221 | 732 |
Debit | 27 | -171 | -408 |
1.A.b.6 Insurance and Pension Services | 28 | -269 | -481 |
Credit | 29 | 37 | 444 |
Debit | 30 | -306 | -925 |
1.A.b.7 Financial Services | 31 | 1 | 37 |
Credit | 32 | 69 | 233 |
Debit | 33 | -68 | -196 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -626 | -1663 |
Credit | 35 | 167 | 605 |
Debit | 36 | -793 | -2268 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 375 | 922 |
Credit | 38 | 1010 | 3044 |
Debit | 39 | -635 | -2122 |
1.A.b.10 Other Business Services | 40 | 602 | 2013 |
Credit | 41 | 1679 | 5090 |
Debit | 42 | -1078 | -3077 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -53 | -116 |
Credit | 44 | 23 | 71 |
Debit | 45 | -76 | -186 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -62 | -109 |
Credit | 47 | 22 | 75 |
Debit | 48 | -84 | -185 |
1.B Primary Income | 49 | -2507 | -6275 |
Credit | 50 | 4929 | 13383 |
Debit | 51 | -7436 | -19658 |
1.C Secondary Income | 52 | 168 | 757 |
Credit | 53 | 551 | 1968 |
Debit | 54 | -383 | -1211 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -4533 | -13290 |
2.1 Capital Account | 56 | -10 | -16 |
Credit | 57 | 2 | 10 |
Debit | 58 | -12 | -26 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -4522 | -13274 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -7261 | -13133 |
Including: 2.2.1.1 Direct Investment | 61 | -4771 | -9052 |
2.2.1.1.1 Assets | 62 | -3924 | -10076 |
2.2.1.1.2 Liabilities | 63 | -847 | 1023 |
2.2.2 Reserve Assets | 64 | 2738 | -141 |
2.2.2.1 Monetary gold | 65 | -350 | -792 |
2.2.2.2 Special drawing rights | 66 | -16 | -81 |
2.2.2.3 Reserve position in the IMF | 67 | 7 | 89 |
2.2.2.4 Foreign exchange reserves | 68 | 3097 | 642 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -1328 |
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 statementfor the quarter using the period average central parity rate of RMB against USD.
4.The preliminary amount for the first three quarters of 2023 is the sum of the official amounts of the BOP for 2023H1 and the preliminary amount for 2023Q3.
5.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit: USD 100 million
Item | Line No. | 2023Q3 | 2023First Three Quarters |
1. Current account | 1 | 626 | 2089 |
Credit | 2 | 9619 | 27928 |
Debit | 3 | -8992 | -25839 |
1. A Goods and Services | 4 | 949 | 2859 |
Credit | 5 | 8862 | 25750 |
Debit | 6 | -7913 | -22890 |
1.A.a Goods | 7 | 1609 | 4542 |
Credit | 8 | 8101 | 23365 |
Debit | 9 | -6492 | -18823 |
1.A.b Services | 10 | -660 | -1682 |
Credit | 11 | 762 | 2385 |
Debit | 12 | -1422 | -4067 |
1.A.b.1 Processing services | 13 | 30 | 88 |
Credit | 14 | 32 | 94 |
Debit | 15 | -2 | -6 |
1.A.b.2 Maintenance and Repair Services | 16 | 13 | 30 |
Credit | 17 | 28 | 72 |
Debit | 18 | -15 | -42 |
1.A.b.3 Transport | 19 | -216 | -633 |
Credit | 20 | 219 | 653 |
Debit | 21 | -435 | -1286 |
1.A.b.4 Travel | 22 | -489 | -1303 |
Credit | 23 | 37 | 100 |
Debit | 24 | -526 | -1403 |
1.A.b.5 Construction | 25 | 7 | 46 |
Credit | 26 | 30 | 104 |
Debit | 27 | -24 | -58 |
1.A.b.6 Insurance and Pension Services | 28 | -37 | -67 |
Credit | 29 | 5 | 64 |
Debit | 30 | -42 | -131 |
1.A.b.7 Financial Services | 31 | 0 | 5 |
Credit | 32 | 10 | 33 |
Debit | 33 | -9 | -28 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -86 | -236 |
Credit | 35 | 23 | 86 |
Debit | 36 | -110 | -322 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 52 | 131 |
Credit | 38 | 139 | 433 |
Debit | 39 | -88 | -302 |
1.A.b.10 Other Business Services | 40 | 83 | 288 |
Credit | 41 | 232 | 725 |
Debit | 42 | -149 | -437 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -7 | -16 |
Credit | 44 | 3 | 10 |
Debit | 45 | -11 | -26 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -9 | -15 |
Credit | 47 | 3 | 11 |
Debit | 48 | -12 | -26 |
1.B Primary Income | 49 | -346 | -878 |
Credit | 50 | 680 | 1898 |
Debit | 51 | -1026 | -2777 |
1.C Secondary Income | 52 | 23 | 108 |
Credit | 53 | 76 | 280 |
Debit | 54 | -53 | -172 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -626 | -1894 |
2.1 Capital Account | 56 | -1 | -2 |
Credit | 57 | 0 | 1 |
Debit | 58 | -2 | -4 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -625 | -1891 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -1007 | -1856 |
Including: 2.2.1.1 Direct Investment | 61 | -658 | -1274 |
2.2.1.1.1 Assets | 62 | -540 | -1429 |
2.2.1.1.2 Liabilities | 63 | -118 | 155 |
2.2.2 Reserve Assets | 64 | 382 | -35 |
2.2.2.1 Monetary gold | 65 | -48 | -112 |
2.2.2.2 Special drawing rights | 66 | -2 | -12 |
2.2.2.3 Reserve position in the IMF | 67 | 1 | 13 |
2.2.2.4 Foreign exchange reserves | 68 | 432 | 76 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -195 |
Note:1. The table is compiled according to BPM6.
2."Credit" is presented as positive value while "debit" asnegative 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 the first three quarters of 2023 is the sum of the official amounts of the BOP for 2023H1 and the preliminary amount for 2023Q3.
4.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit:SDR 100 million
Item | Line No. | 2023Q3 | 2023First Three Quarters |
1. Current account | 1 | 469 | 1559 |
Credit | 2 | 7222 | 20882 |
Debit | 3 | -6753 | -19322 |
1. A Goods and Services | 4 | 712 | 2137 |
Credit | 5 | 6654 | 19253 |
Debit | 6 | -5942 | -17116 |
1.A.a Goods | 7 | 1208 | 3395 |
Credit | 8 | 6083 | 17470 |
Debit | 9 | -4875 | -14075 |
1.A.b Services | 10 | -496 | -1258 |
Credit | 11 | 572 | 1783 |
Debit | 12 | -1067 | -3041 |
1.A.b.1 Processing services | 13 | 22 | 66 |
Credit | 14 | 24 | 71 |
Debit | 15 | -2 | -5 |
1.A.b.2 Maintenance and Repair Services | 16 | 10 | 22 |
Credit | 17 | 21 | 54 |
Debit | 18 | -11 | -31 |
1.A.b.3 Transport | 19 | -163 | -473 |
Credit | 20 | 164 | 488 |
Debit | 21 | -327 | -962 |
1.A.b.4 Travel | 22 | -367 | -974 |
Credit | 23 | 28 | 75 |
Debit | 24 | -395 | -1049 |
1.A.b.5 Construction | 25 | 5 | 35 |
Credit | 26 | 23 | 78 |
Debit | 27 | -18 | -43 |
1.A.b.6 Insurance and Pension Services | 28 | -28 | -50 |
Credit | 29 | 4 | 48 |
Debit | 30 | -32 | -98 |
1.A.b.7 Financial Services | 31 | 0 | 4 |
Credit | 32 | 7 | 25 |
Debit | 33 | -7 | -21 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -65 | -176 |
Credit | 35 | 17 | 64 |
Debit | 36 | -82 | -241 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 39 | 98 |
Credit | 38 | 105 | 324 |
Debit | 39 | -66 | -226 |
1.A.b.10 Other Business Services | 40 | 62 | 215 |
Credit | 41 | 174 | 542 |
Debit | 42 | -112 | -327 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -5 | -12 |
Credit | 44 | 2 | 8 |
Debit | 45 | -8 | -20 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -6 | -11 |
Credit | 47 | 2 | 8 |
Debit | 48 | -9 | -19 |
1.B Primary Income | 49 | -260 | -658 |
Credit | 50 | 511 | 1419 |
Debit | 51 | -771 | -2078 |
1.C Secondary Income | 52 | 17 | 81 |
Credit | 53 | 57 | 210 |
Debit | 54 | -40 | -129 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -469 | -1415 |
2.1 Capital Account | 56 | -1 | -2 |
Credit | 57 | 0 | 1 |
Debit | 58 | -1 | -3 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -468 | -1413 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -751 | -1384 |
Including: 2.2.1.1 Direct Investment | 61 | -494 | -954 |
2.2.1.1.1 Assets | 62 | -407 | -1070 |
2.2.1.1.2 Liabilities | 63 | -88 | 116 |
2.2.2 Reserve Assets | 64 | 282 | -29 |
2.2.2.1 Monetary gold | 65 | -36 | -84 |
2.2.2.2 Special drawing rights | 66 | -2 | -9 |
2.2.2.3 Reserve position in the IMF | 67 | 1 | 9 |
2.2.2.4 Foreign exchange reserves | 68 | 319 | 54 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -145 |
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 the first three quarters of 2023 is the sum of the official amounts of the BOP for 2023H1 and the preliminary amount for 2023Q3.
5.This table employs rounded-off numbers.
