China Current Account Surplus Widens Sharply in Q2

China’s current account surplus surged to a record USD 135.1 billion in the second quarter of 2025, up sharply from USD 55.5 billion in the same period last year, according to preliminary estimates.

The goods trade surplus rose significantly to USD 219.1 billion from USD 163.4 billion a year earlier, driven by exports increasing 5.7% to USD 871.8 billion and imports declining 1.3% to USD 652.8 billion.

Meanwhile, the services deficit narrowed to USD 46.5 billion from USD 61.7 billion, and the primary income deficit decreased slightly to USD 41.4 billion from USD 48.9 billion.

The secondary income surplus increased to USD 4.0 billion from USD 2.7 billion in Q2 2024.