FX.co ★ China Current Account Surplus Hits New Record

In the first quarter of 2025, China's current account surplus soared to an unprecedented USD 165.6 billion, a significant increase from USD 47.2 billion during the same period the previous year, according to initial estimates. The goods trade surplus experienced a substantial rise, reaching USD 237.6 billion from USD 125.1 billion. This was fueled by a 9.4% growth in exports, totaling USD 825.9 billion, alongside a 6.6% reduction in imports, which amounted to USD 588.3 billion. At the same time, the services deficit experienced a slight improvement, decreasing to USD 59.3 billion from USD 61.3 billion. Additionally, the primary income deficit saw a reduction to USD 15.4 billion from USD 20.1 billion. The secondary income surplus remained relatively consistent, standing at USD 2.7 billion, compared to USD 3.5 billion in the preceding year.