China Current Account

Last Release

Mar 31, 2024

Actual

392

Units In

USD HML

561.92

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
1,443.34 Sep 2022	-404.54 Mar 2020	447.65 USD HML	1998-2024	N/A

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Latest Updates

China's current account surplus decreased to USD 39.2 billion in Q1 of 2024, the smallest surplus since experiencing a deficit in Q1 of 2020. The goods surplus reached USD 121.1 billion due to an industrial upgrade that drove new trade growth points. However, trade in services showed a deficit of $61 billion as outbound travels started to recover. Meanwhile, foreign direct investment saw a deficit of $27.9 billion in the first quarter, while reserve assets increased by $43.4 billion.