State Administration of Foreign Exchange: China's current account surplus was 1.1885 trillion yuan in the first quarter.

On May 9, the State Administration of Foreign Exchange released the preliminary data for China's balance of payments for the first quarter of 2025. In the first quarter of 2025, China's current account surplus was 1.1885 trillion yuan, with a merchandise trade surplus of 1.7053 trillion yuan, service trade deficit of 425.8 billion yuan, primary income deficit of 110.4 billion yuan, and secondary income surplus of 19.4 billion yuan. The capital and financial account (including net errors and omissions for the quarter) had a deficit of 1.1885 trillion yuan, with net inflows of foreign direct investment to China. In US dollar terms, in the first quarter of 2025, China's current account surplus was 165.6 billion US dollars, with a merchandise trade surplus of 237.6 billion US dollars, service trade deficit of 59.3 billion US dollars, primary income deficit of 15.4 billion US dollars, and secondary income surplus of 2.7 billion US dollars. The capital and financial account (including net errors and omissions for the quarter) had a deficit of 165.6 billion US dollars. In SDR terms, in the first quarter of 2025, China's current account surplus was 126.2 billion SDR, with a merchandise trade surplus of 181.0 billion SDR, service trade deficit of 45.2 billion SDR, primary income deficit of 11.7 billion SDR, and secondary income surplus of 2.1 billion SDR. The capital and financial account (including net errors and omissions for the quarter) had a deficit of 126.2 billion SDR. This article is sourced from the official website of the State Administration of Foreign Exchange. Editor: Jiang Yuanhua.