SAFE Releases China's Balance of Payments for the Third Quarter and First Three Quarters of 2023
The time-series data of Balance of Payments of China
In the third quarter of 2023, China's current account registered a surplus of RMB 454.2 billion, and the capital and financial accounts recorded a deficit of RMB 451.9 billion.
In first three quarters of 2023, China's current account registered a surplus of RMB 1462.8 billion, and the capital and financial accounts recorded a deficit of RMB 1327.6 billion.
In SDR terms, in the third quarter of 2023, China posted a surplus of SDR 47.0 billion under the current account, and a deficit of SDR 46.8 billion under the capital and financial accounts.
In SDR terms, in first three quarters of 2023, China posted a surplus of SDR 156.1 billion under the current account, and a deficit of SDR 141.4 billion under the capital and financial accounts.
In the US dollar terms, in the third quarter of 2023, China's current account recorded a surplus of USD 62.8 billion, including a surplus of USD 161.1 billion under trade in goods, a deficit of USD 66.2 billion under trade in services, a deficit of USD 34.4 billion under primary income, and a surplus of USD 2.3 billion under secondary income. The capital and financial accounts recorded a deficit of USD 62.3 billion, including a deficit of USD 141 million under the capital account, a deficit of USD 100.4 billion under the financial account (excluding reserve assets), and a decrease of USD 38.2 billion under reserves assets.
In the US dollar terms, in first three quarters of 2023, China's current account recorded a surplus of USD 209.0 billion, including a surplus of USD 454.4 billion under trade in goods, a deficit of USD 168.4 billion under trade in services, a deficit of USD 87.7 billion under primary income, and a surplus of USD 10.8 billion under secondary income. The capital and financial accounts recorded a deficit of USD 189.0 billion, including a deficit of USD 218 million under the capital account, a deficit of USD 185.3 billion under the financial account (excluding reserve assets), and an increase of USD 3.5 billion under reserves assets.(End)
Abridged Balanceof Payments of China, Third Quarter of 2023
Item |
Line No. |
RMB 100 million |
USD 100 million |
SDR 100 million |
1. Current Account |
1 |
4542 |
628 |
470 |
Credit |
2 |
69689 |
9616 |
7220 |
Debit |
3 |
-65147 |
-8989 |
-6750 |
1. A Goods and Services |
4 |
6871 |
949 |
712 |
Credit |
5 |
64217 |
8861 |
6653 |
Debit |
6 |
-57347 |
-7912 |
-5942 |
1.A.a Goods |
7 |
11673 |
1611 |
1209 |
Credit |
8 |
58702 |
8100 |
6082 |
Debit |
9 |
-47029 |
-6489 |
-4873 |
1.A.b Services |
10 |
-4802 |
-662 |
-498 |
Credit |
11 |
5516 |
761 |
571 |
Debit |
12 |
-10318 |
-1424 |
-1069 |
1.B Primary Income |
13 |
-2498 |
-344 |
-259 |
Credit |
14 |
4930 |
681 |
511 |
Debit |
15 |
-7428 |
-1025 |
-770 |
1.C Secondary Income |
16 |
170 |
23 |
18 |
Credit |
17 |
542 |
75 |
56 |
Debit |
18 |
-373 |
-51 |
-39 |
2. Capital and Financial Account |
19 |
-4519 |
-623 |
-468 |
2.1 Capital Account |
20 |
-10 |
-1 |
-1 |
Credit |
21 |
2 |
0 |
0 |
Debit |
22 |
-12 |
-2 |
-1 |
2.2 Financial Account |
23 |
-4509 |
-622 |
-467 |
Assets |
24 |
-1194 |
-161 |
-125 |
Liabilities |
25 |
-3315 |
-461 |
-342 |
2.2.1 Financial Account Excluding Reserve Assets |
26 |
-7247 |
-1004 |
-749 |
2.2.1.1 Direct Investment |
27 |
-4718 |
-651 |
-489 |
Assets |
28 |
-3873 |
-533 |
-401 |
Liabilities |
29 |
-846 |
-118 |
-87 |
2.2.1.2 Portfolio Investment |
30 |
-2652 |
-365 |
-275 |
Assets |
31 |
-1007 |
-138 |
-104 |
Liabilities |
32 |
-1646 |
-226 |
-170 |
2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options |
33 |
-323 |
-44 |
-33 |
Assets |
34 |
-239 |
-33 |
-25 |
Liabilities |
35 |
-84 |
-11 |
-9 |
2.2.1.4 Other Investment |
36 |
447 |
56 |
48 |
Assets |
37 |
1187 |
161 |
123 |
Liabilities |
38 |
-740 |
-106 |
-76 |
2.2.2 Reserve Assets |
39 |
2738 |
382 |
282 |
3. Net Errors and Omissions |
40 |
-23 |
-4 |
-2 |
Notes:
1.The statement is compiled according to BPM6. Reserve assets are included in capital and financial accounts.
2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balance, unless marked with "Credit" or "Debit".
3.The RMB denominated quarterly BOP data is converted from the USD denominated BOP data, using period average central parity rate of RMB against USD. The quarterly accumulated RMB denominated BOP data is derived from the sum total of the RMB denominated data for the quarters.
4.The SDR denominated quarterly BOP data is converted from the USD denominated BOP data, using period average exchange rate of SDR against USD. The quarterly accumulated SDR denominated BOP data is derived from the sum total of the SDR denominated data for the quarters.
5.This statement employs rounded-off numbers.
6.For detailed data, please see “Data and Statistics” at the website of SAFE.
7.The BOP data is revised regularly; please find the latest data in “Data and Statistics”.
Abridged China's Balance of Payments, First Three Quarters of 2023
Item |
Line No. |
RMB 100 million |
USD 100 million |
SDR 100 million |
1. Current Account |
1 |
14628 |
2090 |
1561 |
Credit |
2 |
196614 |
27926 |
20880 |
Debit |
3 |
-181987 |
-25836 |
-19320 |
1. A Goods and Services |
4 |
20135 |
2859 |
2137 |
Credit |
5 |
181271 |
25749 |
19252 |
Debit |
6 |
-161136 |
-22889 |
-17115 |
1.A.a Goods |
7 |
32027 |
4544 |
3397 |
Credit |
8 |
164512 |
23364 |
17469 |
Debit |
9 |
-132484 |
-18820 |
-14072 |
1.A.b Services |
10 |
-11892 |
-1684 |
-1260 |
Credit |
11 |
16760 |
2385 |
1783 |
Debit |
12 |
-28652 |
-4069 |
-3043 |
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