FX.co ★ China Current Account Surplus Hits Record High

In the third quarter of 2025, China's current account surplus surged to an unprecedented $198.7 billion, surpassing the preliminary estimate of $195.6 billion and significantly rising from $157.4 billion during the same quarter the previous year. The surplus in goods expanded to $269.5 billion from $229.7 billion in the prior year, while the deficit in services reduced to $49.3 billion from $58.5 billion. Concurrently, the primary income deficit increased to $29.6 billion from $17.8 billion, and the secondary income surplus rose to $8.1 billion, doubling from the $4.1 billion recorded a year earlier. Across the first nine months of 2025, China's current account achieved a $492.8 billion surplus, characterized by a $726.1 billion goods surplus and a $15.0 billion surplus in secondary income, which were offset by a $155.8 billion services deficit and a $92.5 billion primary income shortfall.