China’s current account surplus surged to an unprecedented $243.8 billion in Q4 2025, up from $173.1 billion a year earlier and above the preliminary estimate of $242.1 billion. The goods surplus reached a historic $310.3 billion, driven by a 6.5% rise in exports to $1.03 trillion, defying US tariffs, while imports grew just 1.9% to $718.2 billion. The secondary income surplus also increased to $6.9 billion from $4.9 billion in Q4 2024. Meanwhile, the services deficit narrowed to $48.5 billion (from $56.1 billion), and the primary income deficit shrank to $24.9 billion (from $36.6 billion). For the full year, the surplus soared to a record $735.0 billion, up from $462.3 billion in 2024. source: State Administration of Foreign Exchange, China

China recorded a Current Account surplus of 2438.21 USD Hundred Million in the fourth quarter of 2025. Current Account in China averaged 514.25 USD Hundred Million from 1998 until 2025, reaching an all time high of 2438.21 USD Hundred Million in the fourth quarter of 2025 and a record low of -569.56 USD Hundred Million in the first quarter of 2020. This page provides - China Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Current Account - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.

China recorded a Current Account surplus of 2438.21 USD Hundred Million in the fourth quarter of 2025. Current Account in China is expected to be 1050.00 USD Hundred Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Current Account is projected to trend around 940.00 USD Hundred Million in 2027 and 960.00 USD Hundred Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-13 09:00 AM
Current Account Prel
Q4 $242.1B $198.7B $210.0B
2026-03-27 09:00 AM
Current Account Final
Q4 $243.8B $202.5B $242.1B
2026-05-15 09:00 AM
Current Account Prel
Q1 $243.8B $ 105B

Components Last Previous Unit Reference
Current Account Goods 3102.75 2764.98 USD Hundred Million Dec 2025
Current Account Services -485.21 -598.78 USD Hundred Million Dec 2025

Related Last Previous Unit Reference
Balance of Trade 213.62 114.11 USD Billion Feb 2026
Capital Flows -2348.12 -2505.49 USD Hundred Million Dec 2025
Current Account 2438.21 2024.70 USD Hundred Million Dec 2025
Current Account to GDP 3.70 2.20 percent of GDP Dec 2025
Direct Investment Liabilities 463.54 -0.50 USD Hundred Million Dec 2025
Exports 656.58 656.58 USD Billion Feb 2026
External Debt 24198.00 24475.00 USD Hundred Million Dec 2024
Imports 442.96 442.96 USD Billion Feb 2026


China Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
2438.21 2024.70 2438.21 -569.56 1998 - 2025 USD Hundred Million Quarterly
Current Prices, NSA

News Stream
China’s 2025 Current Account Surplus Hits Record Highs
China’s current account surplus surged to an unprecedented $243.8 billion in Q4 2025, up from $173.1 billion a year earlier and above the preliminary estimate of $242.1 billion. The goods surplus reached a historic $310.3 billion, driven by a 6.5% rise in exports to $1.03 trillion, defying US tariffs, while imports grew just 1.9% to $718.2 billion. The secondary income surplus also increased to $6.9 billion from $4.9 billion in Q4 2024. Meanwhile, the services deficit narrowed to $48.5 billion (from $56.1 billion), and the primary income deficit shrank to $24.9 billion (from $36.6 billion). For the full year, the surplus soared to a record $735.0 billion, up from $462.3 billion in 2024.
2026-03-27
China Posts Record Current Account Surplus in Q4 2025
China’s current account surplus widened to an unprecedented $242.1 billion in the fourth quarter of 2025, sharply higher than the $163.8 billion recorded a year earlier. The goods surplus widened to a record $297.3 billion, as exports climbed 6.4% year-on-year to an all-time high of $996.3 billion, proving resilient despite US tariffs on Chinese shipments, while imports rose at a more modest pace of 1.8% to $699.0 billion. The secondary income surplus also edged up to $6.9 billion from $4.7 billion in the same quarter of 2024. At the same time, China’s services deficit narrowed to $40.2 billion from $47.4 billion a year earlier, while the primary income deficit shrank markedly to $22.0 billion from $43.3 billion. For the full year 2025, China’s current account surplus surged to a record $735.0 billion, up from $423.9 billion in 2024, underscoring the strength of its external position.
2026-02-13
China Current Account Surplus Hits Record High
China’s current account surplus jumped to a record $198.7 billion in the third quarter of 2025, exceeding an initial estimate of $195.6 billion and up sharply from $157.4 billion in the same period last year. The goods surplus widened to $269.5 billion from $229.7 billion last year, while the services deficit narrowed to $49.3 billion from $58.5 billion. Meanwhile, the primary income shortfall widened to $29.6 billion from $17.8 billion, and the secondary income surplus increased to $8.1 billion, doubling from $4.1 billion a year ago. For the first three quarters of 2025, China’s current account posted a $492.8 billion surplus, with a $726.1 billion goods surplus and a $15.0 billion secondary income surplus, offset by a $155.8 billion services deficit and a $92.5 billion primary income shortfall.
2025-12-31