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SAFE News
  • Index number:
    000014453-2022-0093
  • Dispatch date:
    2022-11-04
  • Publish organization:
    State Administration of Foreign Exchange
  • Exchange Reference number:
  • Name:
    SAFE Releases Preliminary Data of the Balance of Payments for the Third Quarter and the First Three Quarters of 2022
SAFE Releases Preliminary Data of the Balance of Payments for the Third Quarter and the First Three Quarters of 2022

In the third quarter of 2022, China's current account registered a surplus of RMB 982.1 billion, including a surplus of RMB 1372.5 billion under trade in goods, a deficit of RMB199.8 billion under trade in services, a deficit of RMB 228.2 billion under primary income, and a surplus of RMB 37.5 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a deficit of RMB 184.2 billion, and reserve assets increased by RMB 256.4 billion.

In the first three quarters of 2022, China's current account registered a surplus of RMB 2059.8 billion, including a surplus of RMB 3458.0 billion under trade in goods, a deficit of RMB 436.3 billion under trade in services, a deficit of RMB 1071.0 billion under primary income, and a surplus of RMB 109.1 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of RMB 287.8 billion, and reserve assets increased by RMB 382.3 billion.

In the US dollar terms, in the third quarter of 2022, China's current account recorded a surplus of USD 144.0 billion, including a surplus of USD 200.8 billion under trade in goods, a deficit of USD 29.2 billion under trade in services, a deficit of USD 33.1 billion under primary income, and a surplus of USD 5.5 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a deficit of USD 27.1 billion, and reserve assets increased by USD 37.3 billion.

In the US dollar terms, in the first three quarters of 2022, China's current account recorded a surplus of USD 310.4 billion, including a surplus of USD 521.6 billion under trade in goods, a deficit of USD 65.6 billion under trade in services, a deficit of USD 162.2 billion under primary income, and a surplus of USD 16.5 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of USD 46.9 billion, and reserve assets increased by USD 57.7 billion.

In SDR terms, in the third quarter of 2022, China posted a surplus of SDR 110.0 billion under the current account, including a surplus of SDR 153.5 billion under trade in goods, a deficit of SDR 22.3 billion under trade in services. In the capital and financial accounts, foreign direct investments recorded a deficit of SDR 20.7 billion, and reserve assets increased by SDR 28.7 billion.

In SDR terms, in the first three quarters of 2022, China posted a surplus of SDR 231.3 billion under the current account, including a surplus of SDR 388.1 billion under trade in goods, a deficit of SDR 48.9 billion under trade in services. In the capital and financial accounts, foreign direct investments recorded a surplus of SDR 32.7 billion, and reserve assets increased by SDR 42.9 billion. (End)


China's Balance of Payments (Preliminary Data)

Unit:RMB 100 million

Item

Line No.

2022

Q3

2022

First Three Quarters

1. Current account

1

9821

20598

Credit

2

71927

197437

Debit

3

-62106

-176839

1.  A Goods and Services

4

11727

30217

Credit

5

66993

185895

Debit

6

-55265

-155678

1.A.a  Goods

7

13725

34580

Credit

8

60595

167217

Debit

9

-46870

-132638

1.A.b  Services

10

-1998

-4363

Credit

11

6398

18678

Debit

12

-8396

-23041

1.A.b.1 Processing services

13

228

652

Credit

14

245

695

Debit

15

-17

-43

1.A.b.2 Maintenance and Repair  Services

16

79

195

Credit

17

153

396

Debit

18

-75

-201

1.A.b.3 Transport

19

-446

-613

Credit

20

2595

7768

Debit

21

-3041

-8381

1.A.b.4 Travel

22

-1948

-5255

Credit

23

178

469

Debit

24

-2126

-5724

1.A.b.5 Construction

25

99

282

Credit

26

242

674

Debit

27

-143

-392

1.A.b.6 Insurance and Pension Services

28

-296

-815

Credit

29

61

198

Debit

30

-357

-1013

1.A.b.7 Financial Services

31

10

44

Credit

32

86

245

Debit

33

-77

-201

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

34

-541

-1575

Credit

35

279

684

Debit

36

-821

-2260

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

37

301

894

Credit

38

940

2813

Debit

39

-638

-1919

1.A.b.10 Other Business Services

40

609

2007

Credit

41

1572

4578

Debit

42

-963

-2571

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

43

-25

-50

Credit

44

23

69

Debit

45

-48

-119

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

46

-67

-129

Credit

47

24

88

Debit

48

-91

-216

1.B  Primary Income

49

-2282

-10710

Credit

50

4035

9027

Debit

51

-6317

-19737

1.C  Secondary Income

52

375

1091

Credit

53

899

2515

Debit

54

-523

-1424

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

55

-9821

-17568

2.1  Capital Account

56

-8

-21

Credit

57

3

11

Debit

58

-11

-32

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

59

-9813

-17547

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

60

-7249

-13724

Including: 2.2.1.1 Direct Investment

61

-1842

2878

2.2.1.1.1 Assets

62

-2753

-7511

2.2.1.1.2 Liabilities

63

911

10389

2.2.2  Reserve Assets

64

-2564

-3823

2.2.2.1 Monetary gold

65

0

0

2.2.2.2 Special drawing rights

66

103

176

2.2.2.3 Reserve position in the IMF

67

1

48

2.2.2.4 Foreign exchange reserves

68

-2668

-4046

2.2.2.5 Other reserves

69

0

0

3. Net Errors and Omissions

70

/

-3031

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.Thepreliminary amount for the first three quarters of 2022 is the sum of the official amounts of the BOP for 2022H1 and the preliminary amount for 2022Q3.


China's Balance of Payments (Preliminary Data)

Unit: USD 100 million

Item

Line No.

2022

Q3

2022

First Three Quarters

1. Current account

1

1440

3104

Credit

2

10530

29884

Debit

3

-9089

-26780

1.  A Goods and Services

4

1717

4560

Credit

5

9805

28140

Debit

6

-8089

-23579

1.A.a  Goods

7

2008

5216

Credit

8

8869

25306

Debit

9

-6860

-20090

1.A.b  Services

10

-292

-656

Credit

11

937

2833

Debit

12

-1229

-3489

1.A.b.1 Processing services

13

33

99

Credit

14

36

105

Debit

15

-2

-7

1.A.b.2 Maintenance and Repair  Services

16

12

29

Credit

17

22

60

Debit

18

-11

-30

1.A.b.3 Transport

19

-65

-89

Credit

20

380

1179

Debit

21

-445

-1268

1.A.b.4 Travel

22

-285

-797

Credit

23

26

71

Debit

24

-311

-868

1.A.b.5 Construction

25

14

42

Credit

26

35

102

Debit

27

-21

-60

1.A.b.6 Insurance and Pension Services

28

-43

-123

Credit

29

9

30

Debit

30

-52

-153

1.A.b.7 Financial Services

31

1

7

Credit

32

13

37

Debit

33

-11

-30

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

34

-79

-238

Credit

35

41

104

Debit

36

-120

-342

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

37

44

136

Credit

38

138

427

Debit

39

-93

-291

1.A.b.10 Other Business Services

40

89

306

Credit

41

230

695

Debit

42

-141

-389

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

43

-4

-7

Credit

44

3

10

Debit

45

-7

-18

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

46

-10

-19

Credit

47

4

13

Debit

48

-13

-33

1.B  Primary Income

49

-331

-1622

Credit

50

593

1363

Debit

51

-924

-2985

1.C  Secondary Income

52

55

165

Credit

53

131

381

Debit

54

-76

-215

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

55

-1440

-2653

2.1  Capital Account

56

-1

-3

Credit

57

0

2

Debit

58

-2

-5

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

59

-1439

-2649

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

60

-1066

-2073

Including: 2.2.1.1 Direct Investment

61

-271

469

2.2.1.1.1 Assets

62

-402

-1139

2.2.1.1.2 Liabilities

63

130

1608

2.2.2  Reserve Assets

64

-373

-577

2.2.2.1 Monetary gold

65

0

0

2.2.2.2 Special drawing rights

66

15

26

2.2.2.3 Reserve position in the IMF

67

0

7

2.2.2.4 Foreign exchange reserves

68

-388

-610

2.2.2.5 Other reserves

69

0

0

3. Net Errors and Omissions

70

/

-452

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 the first three quarters of 2022 is the sum of the official amounts of the BOP for 2022H1 and the preliminary amount for 2022Q3.

4.This table employs rounded-off numbers.


China's Balance of Payments (Preliminary Data)

Unit:SDR 100 million

Item

Line No.

2022

Q3

2022

First Three Quarters

1. Current account

1

1100

2313

Credit

2

8048

22176

Debit

3

-6948

-19863

1.  A Goods and Services

4

1312

3391

Credit

5

7495

20879

Debit

6

-6183

-17488

1.A.a  Goods

7

1535

3881

Credit

8

6779

18781

Debit

9

-5244

-14900

1.A.b  Services

10

-223

-489

Credit

11

716

2099

Debit

12

-939

-2588

1.A.b.1 Processing services

13

26

73

Credit

14

27

78

Debit

15

-2

-5

1.A.b.2 Maintenance and Repair  Services

16

9

22

Credit

17

17

44

Debit

18

-8

-23

1.A.b.3 Transport

19

-50

-68

Credit

20

290

873

Debit

21

-340

-941

1.A.b.4 Travel

22

-218

-590

Credit

23

20

53

Debit

24

-238

-643

1.A.b.5 Construction

25

11

32

Credit

26

27

76

Debit

27

-16

-44

1.A.b.6 Insurance and Pension Services

28

-33

-91

Credit

29

7

22

Debit

30

-40

-114

1.A.b.7 Financial Services

31

1

5

Credit

32

10

28

Debit

33

-9

-23

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

34

-61

-177

Credit

35

31

77

Debit

36

-92

-254

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

37

34

101

Credit

38

105

316

Debit

39

-71

-216

1.A.b.10 Other Business Services

40

68

226

Credit

41

176

514

Debit

42

-108

-289

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

43

-3

-6

Credit

44

3

8

Debit

45

-5

-13

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

46

-7

-14

Credit

47

3

10

Debit

48

-10

-24

1.B  Primary Income

49

-254

-1201

Credit

50

452

1014

Debit

51

-706

-2215

1.C  Secondary Income

52

42

123

Credit

53

100

283

Debit

54

-58

-160

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

55

-1100

-1977

2.1  Capital Account

56

-1

-2

Credit

57

0

1

Debit

58

-1

-4

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

59

-1099

-1975

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

60

-812

-1546

Including: 2.2.1.1 Direct Investment

61

-207

327

2.2.1.1.1 Assets

62

-308

-844

2.2.1.1.2 Liabilities

63

101

1171

2.2.2  Reserve Assets

64

-287

-429

2.2.2.1 Monetary gold

65

0

0

2.2.2.2 Special drawing rights

66

12

20

2.2.2.3 Reserve position in the IMF

67

0

5

2.2.2.4 Foreign exchange reserves

68

-298

-454

2.2.2.5 Other reserves

69

0

0

3. Net Errors and Omissions

70

/

-335

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 2022 is the sum of the official amounts of the BOP for 2022H1 and the preliminary amount for 2022Q3.

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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