China's International Balance of Payments Sees 6% YoY Increase in April 2025

Strategic Insights -

China's international balance of payments for trade in goods and services reached 4,370.6 billion yuan in April 2025, marking a 6% year-on-year increase. This growth is attributed to a surge in exports, with goods trade surplus reaching 446.4 billion yuan and services trade deficit amounting to 113.8 billion yuan. The trade surplus for goods was a significant contributor to the overall balance, standing at 446.4 billion yuan. In US dollar terms, China's international balance of payments for trade in goods and services showed exports of 326.5 billion US dollars, imports of 280.3 billion US dollars, and a surplus of 46.2 billion US dollars.

Key Takeaways:

  • China's international balance of payments for trade in goods and services reached 4,370.6 billion yuan in April 2025, a 6% year-on-year increase.
  • The trade surplus in goods was 446.4 billion yuan, while the trade deficit in services was 113.8 billion yuan, resulting in a total trade surplus of 332.6 billion yuan.
  • The main items of service trade for China were travel services, transportation services, other commercial services, and telecommunications, computer, and information services.
  • In US dollar terms, China's international balance of payments for trade in goods and services showed exports of 326.5 billion US dollars, imports of 280.3 billion US dollars, and a surplus of 46.2 billion US dollars.
  • The State Administration of Foreign Exchange issued the news release detailing China's international balance of payments for April 2025.

Statistics:

  • China's international balance of payments for trade in goods and services was 4,370.6 billion yuan in April 2025.
  • The trade balance for goods and services reached a 6% year-on-year increase, with a trade surplus of 332.6 billion yuan.
  • The goods trade surplus was 446.4 billion yuan, while the services trade deficit was 113.8 billion yuan.
  • The US dollar value of exports was 326.5 billion US dollars, imports was 280.3 billion US dollars, and the surplus was 46.2 billion US dollars.

Sources:

  • State Administration of Foreign Exchange. (No publication date). International Balance of Payments.

* https://www.safe.gov.cn/safe/2025/0530/26156.html

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