China Posts Record Current Account Surplus in Q4 2025

2026-02-13 12:06 By Joana Ferreira 1 min. read

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.



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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.
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