China's current account surplus widened to USD 88.9 billion in the first quarter of 2022 from USD 70.9 billion in the same period last year and below a preliminary estimate of USD 89.5 billion. The goods surplus rose to USD 145 billion from USD 123.1 billion and the services deficit narrowed to USD 16.7 billion from USD 25.8 billion. Meantime, the secondary income surplus was up to USD 5.2 billion from USD 2.4 billion while the primary income gap increased to USD 44.6 billion from USD 28.8 billion. source: State Administration of Foreign Exchange, China
Current Account in China averaged 417.29 USD HML from 1998 until 2022, reaching an all time high of 1330.90 USD HML in the fourth quarter of 2008 and a record low of -522.50 USD HML 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 July of 2022.
Current Account in China is expected to be 600.00 USD HML 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 400.00 USD HML in 2023, according to our econometric models.