China's International Balance of Payments for Goods and Services Trade Continues to Grow
In September 2025, China's international balance of payments for goods and services trade showed a total trade volume of 4736.2 billion yuan, a year-on-year increase of 6%. The surge in trade volume was primarily driven by a significant increase in goods trade, with exports reaching 2374.4 billion yuan and imports reaching 1706.2 billion yuan, resulting in a surplus of 668.2 billion yuan. Meanwhile, service trade deficit narrowed to 119.6 billion yuan, with major service trade items including travel services, transportation services, other commercial services, and telecommunications, computer, and information services.
Key Takeaways:
- The international balance of payments for goods and services trade in China showed a total trade volume of 4736.2 billion yuan in September 2025, a year-on-year increase of 6%.
- The goods trade surplus was 668.2 billion yuan, while the service trade deficit narrowed to 119.6 billion yuan.
- Major service trade items included travel services (189.1 billion yuan), transportation services (186.9 billion yuan), other commercial services (107.8 billion yuan), and telecommunications, computer, and information services (68.2 billion yuan).
- In US dollar terms, China's international balance of payments for goods and services trade exports were $371.8 billion, imports were $294.6 billion, with a surplus of $77.2 billion.
- The international balance of payments data for trade in goods and services are compiled in US dollars, and the RMB-denominated data for the current month are converted from the US dollar data using the monthly average RMB-USD central parity rate.
Statistics:
- Total trade volume in September 2025: 4736.2 billion yuan
- Goods trade surplus: 668.2 billion yuan
- Service trade deficit: 119.6 billion yuan
- Major service trade items:
+ Travel services: 189.1 billion yuan
+ Transportation services: 186.9 billion yuan
+ Other commercial services: 107.8 billion yuan
+ Telecommunications, computer, and information services: 68.2 billion yuan
- US dollar terms:
+ Exports: $371.8 billion
+ Imports: $294.6 billion
+ Surplus: $77.2 billion
Sources:
- State Administration of Foreign Exchange of the People's Republic of China
- https://www.safe.gov.cn/safe/2025/1031/26756.html