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- Index number:
- 000014453-2022-0061
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- Dispatch date:
- 2022-08-05
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number:
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- Name:
- SAFE Releases Preliminary Data of the Balance of Payments for the Second Quarter and the First Half of 2022
In the second quarter of 2022, China's current account registered a surplus of RMB 531.6 billion, including a surplus of RMB 1164.1 billion under trade in goods, a deficit of RMB 139.9 billion under trade in services, a deficit of RMB 528.6 billion under primary income, and a surplus of RMB 36.0 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of RMB 97.5 billion, and reserve assets decreased by RMB 123.9 billion.
In the first half of 2022, China's current account registered a surplus of RMB 1096.0 billion, including a surplus of RMB 2084.5 billion under trade in goods, a deficit of RMB 245.7 billion under trade in services, a deficit of RMB 811.9 billion under primary income, and a surplus of RMB 69.2 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of RMB 477.6 billion, and reserve assets increased by RMB 125.9 billion.
In the US dollar terms, in the second quarter of 2022, China's current account recorded a surplus of USD 80.2 billion, including a surplus of USD 175.7 billion under trade in goods, a deficit of USD 21.1 billion under trade in services, a deficit of USD 79.8 billion under primary income, and a surplus of USD 5.4 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of USD 15.0 billion, and reserve assets decreased by USD 19.0 billion.
In the US dollar terms, in the first half of 2022, China's current account recorded a surplus of USD 169.1 billion, including a surplus of USD 320.7 billion under trade in goods, a deficit of USD 37.8 billion under trade in services, a deficit of USD 124.4 billion under primary income, and a surplus of USD 10.7 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of USD 74.9 billion, and reserve assets increased by USD 20.4 billion.
In SDR terms, in the second quarter of 2022, China posted a surplus of SDR 59.6 billion under the current account, including a surplus of SDR 130.5 billion under trade in goods, a deficit of SDR 15.7 billion under trade in services. In the capital and financial accounts, foreign direct investments recorded a surplus of SDR 11.0 billion, and reserve assets decreased by SDR 14.0 billion.
In SDR terms, in first half of 2022, China posted a surplus of SDR 123.4 billion under the current account, including a surplus of SDR 234.5 billion under trade in goods, a deficit of SDR 27.6 billion under trade in services. In the capital and financial accounts, foreign direct investments recorded a surplus of SDR 54.0 billion, and reserve assets increased by SDR14.2 billion. (End)
China's Balance of Payments (Preliminary Data)
Unit:RMB 100 million
Item | Line No. | 2022 Q2 | 2022 H1 |
1. Current account | 1 | 5316 | 10960 |
Credit | 2 | 64662 | 125490 |
Debit | 3 | -59346 | -114530 |
1. A Goods and Services | 4 | 10242 | 18388 |
Credit | 5 | 61618 | 118862 |
Debit | 6 | -51376 | -100474 |
1.A.a Goods | 7 | 11641 | 20845 |
Credit | 8 | 55604 | 106591 |
Debit | 9 | -43963 | -85746 |
1.A.b Services | 10 | -1399 | -2457 |
Credit | 11 | 6014 | 12271 |
Debit | 12 | -7412 | -14729 |
1.A.b.1 Processing services | 13 | 220 | 424 |
Credit | 14 | 233 | 451 |
Debit | 15 | -13 | -27 |
1.A.b.2 Maintenance and Repair Services | 16 | 62 | 116 |
Credit | 17 | 126 | 242 |
Debit | 18 | -65 | -126 |
1.A.b.3 Transport | 19 | -333 | -150 |
Credit | 20 | 2508 | 5172 |
Debit | 21 | -2841 | -5322 |
1.A.b.4 Travel | 22 | -1483 | -3353 |
Credit | 23 | 145 | 292 |
Debit | 24 | -1628 | -3644 |
1.A.b.5 Construction | 25 | 123 | 183 |
Credit | 26 | 234 | 431 |
Debit | 27 | -112 | -249 |
1.A.b.6 Insurance and Pension Services | 28 | -326 | -579 |
Credit | 29 | 42 | 136 |
Debit | 30 | -368 | -715 |
1.A.b.7 Financial Services | 31 | 18 | 34 |
Credit | 32 | 83 | 158 |
Debit | 33 | -65 | -124 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -543 | -1034 |
Credit | 35 | 201 | 405 |
Debit | 36 | -744 | -1439 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 301 | 589 |
Credit | 38 | 931 | 1869 |
Debit | 39 | -631 | -1280 |
1.A.b.10 Other Business Services | 40 | 635 | 1399 |
Credit | 41 | 1451 | 3006 |
Debit | 42 | -816 | -1607 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -13 | -25 |
Credit | 44 | 24 | 46 |
Debit | 45 | -37 | -70 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -58 | -62 |
Credit | 47 | 36 | 64 |
Debit | 48 | -94 | -126 |
1.B Primary Income | 49 | -5286 | -8119 |
Credit | 50 | 2265 | 5021 |
Debit | 51 | -7551 | -13141 |
1.C Secondary Income | 52 | 360 | 692 |
Credit | 53 | 779 | 1606 |
Debit | 54 | -419 | -914 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -5316 | -10979 |
2.1 Capital Account | 56 | 2 | -13 |
Credit | 57 | 4 | 8 |
Debit | 58 | -2 | -21 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -5319 | -10965 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -6558 | -9707 |
Including: 2.2.1.1 Direct Investment | 61 | 975 | 4776 |
2.2.1.1.1 Assets | 62 | -2154 | -4822 |
2.2.1.1.2 Liabilities | 63 | 3129 | 9598 |
2.2.2 Reserve Assets | 64 | 1239 | -1259 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 78 | 72 |
2.2.2.3 Reserve position in the IMF | 67 | 33 | 47 |
2.2.2.4 Foreign exchange reserves | 68 | 1128 | -1378 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | 18 |
Note:1. The table is compiled according to BPM6.
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 balances, unless marked with "Credit" or "Debit".
3.The RMB denominated BOP statement is converted from the USD denominated BOP statement for the quarter using the period average central parity rate of RMB against USD.
4.The preliminary amount for the first half of 2022 is the sum of the official amounts of the BOP for 2022Q1 and the preliminary amount for 2022Q2.
5.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit: USD 100 million
Item | Line No. | 2022 Q2 | 2022 H1 |
1. Current account | 1 | 802 | 1691 |
Credit | 2 | 9774 | 19356 |
Debit | 3 | -8972 | -17665 |
1. A Goods and Services | 4 | 1546 | 2829 |
Credit | 5 | 9316 | 18333 |
Debit | 6 | -7770 | -15504 |
1.A.a Goods | 7 | 1757 | 3207 |
Credit | 8 | 8406 | 16437 |
Debit | 9 | -6649 | -13230 |
1.A.b Services | 10 | -211 | -378 |
Credit | 11 | 910 | 1896 |
Debit | 12 | -1121 | -2274 |
1.A.b.1 Processing services | 13 | 33 | 65 |
Credit | 14 | 35 | 70 |
Debit | 15 | -2 | -4 |
1.A.b.2 Maintenance and Repair Services | 16 | 9 | 18 |
Credit | 17 | 19 | 37 |
Debit | 18 | -10 | -19 |
1.A.b.3 Transport | 19 | -50 | -22 |
Credit | 20 | 379 | 799 |
Debit | 21 | -430 | -821 |
1.A.b.4 Travel | 22 | -224 | -519 |
Credit | 23 | 22 | 45 |
Debit | 24 | -246 | -564 |
1.A.b.5 Construction | 25 | 19 | 28 |
Credit | 26 | 36 | 67 |
Debit | 27 | -17 | -39 |
1.A.b.6 Insurance and Pension Services | 28 | -49 | -89 |
Credit | 29 | 6 | 21 |
Debit | 30 | -56 | -110 |
1.A.b.7 Financial Services | 31 | 3 | 5 |
Credit | 32 | 12 | 24 |
Debit | 33 | -10 | -19 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -82 | -159 |
Credit | 35 | 31 | 63 |
Debit | 36 | -113 | -222 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 45 | 91 |
Credit | 38 | 141 | 289 |
Debit | 39 | -95 | -198 |
1.A.b.10 Other Business Services | 40 | 96 | 217 |
Credit | 41 | 220 | 464 |
Debit | 42 | -123 | -248 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -2 | -4 |
Credit | 44 | 4 | 7 |
Debit | 45 | -6 | -11 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -9 | -9 |
Credit | 47 | 5 | 10 |
Debit | 48 | -14 | -19 |
1.B Primary Income | 49 | -798 | -1244 |
Credit | 50 | 341 | 775 |
Debit | 51 | -1139 | -2019 |
1.C Secondary Income | 52 | 54 | 107 |
Credit | 53 | 118 | 248 |
Debit | 54 | -63 | -141 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -802 | -1695 |
2.1 Capital Account | 56 | 0 | -2 |
Credit | 57 | 1 | 1 |
Debit | 58 | 0 | -3 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -803 | -1693 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -993 | -1489 |
Including: 2.2.1.1 Direct Investment | 61 | 150 | 749 |
2.2.1.1.1 Assets | 62 | -327 | -747 |
2.2.1.1.2 Liabilities | 63 | 477 | 1496 |
2.2.2 Reserve Assets | 64 | 190 | -204 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 12 | 11 |
2.2.2.3 Reserve position in the IMF | 67 | 5 | 7 |
2.2.2.4 Foreign exchange reserves | 68 | 173 | -222 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | 4 |
Note:1. The table is compiled according to BPM6.
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 balances, unless marked with "Credit" or "Debit".
3. The preliminary amount for the first half of 2022 is the sum of the official amounts of the BOP for 2022Q1 and the preliminary amount for 2022Q2.
4.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit:SDR 100 million
Item | Line No. | 2022 Q2 | 2022 H1 |
1. Current account | 1 | 596 | 1234 |
Credit | 2 | 7254 | 14129 |
Debit | 3 | -6658 | -12895 |
1. A Goods and Services | 4 | 1148 | 2069 |
Credit | 5 | 6913 | 13383 |
Debit | 6 | -5765 | -11314 |
1.A.a Goods | 7 | 1305 | 2345 |
Credit | 8 | 6238 | 12001 |
Debit | 9 | -4933 | -9656 |
1.A.b Services | 10 | -157 | -276 |
Credit | 11 | 675 | 1382 |
Debit | 12 | -832 | -1659 |
1.A.b.1 Processing services | 13 | 25 | 48 |
Credit | 14 | 26 | 51 |
Debit | 15 | -2 | -3 |
1.A.b.2 Maintenance and Repair Services | 16 | 7 | 13 |
Credit | 17 | 14 | 27 |
Debit | 18 | -7 | -14 |
1.A.b.3 Transport | 19 | -37 | -17 |
Credit | 20 | 281 | 582 |
Debit | 21 | -319 | -599 |
1.A.b.4 Travel | 22 | -167 | -378 |
Credit | 23 | 16 | 33 |
Debit | 24 | -183 | -410 |
1.A.b.5 Construction | 25 | 14 | 21 |
Credit | 26 | 26 | 49 |
Debit | 27 | -13 | -28 |
1.A.b.6 Insurance and Pension Services | 28 | -37 | -65 |
Credit | 29 | 5 | 15 |
Debit | 30 | -41 | -81 |
1.A.b.7 Financial Services | 31 | 2 | 4 |
Credit | 32 | 9 | 18 |
Debit | 33 | -7 | -14 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -61 | -116 |
Credit | 35 | 23 | 46 |
Debit | 36 | -84 | -162 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 34 | 66 |
Credit | 38 | 105 | 211 |
Debit | 39 | -71 | -144 |
1.A.b.10 Other Business Services | 40 | 71 | 158 |
Credit | 41 | 163 | 338 |
Debit | 42 | -92 | -181 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -1 | -3 |
Credit | 44 | 3 | 5 |
Debit | 45 | -4 | -8 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -6 | -7 |
Credit | 47 | 4 | 7 |
Debit | 48 | -11 | -14 |
1.B Primary Income | 49 | -593 | -913 |
Credit | 50 | 253 | 565 |
Debit | 51 | -846 | -1478 |
1.C Secondary Income | 52 | 40 | 78 |
Credit | 53 | 87 | 181 |
Debit | 54 | -47 | -103 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -596 | -1238 |
2.1 Capital Account | 56 | 0 | -2 |
Credit | 57 | 0 | 1 |
Debit | 58 | 0 | -2 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -596 | -1236 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -736 | -1094 |
Including: 2.2.1.1 Direct Investment | 61 | 110 | 540 |
2.2.1.1.1 Assets | 62 | -242 | -544 |
2.2.1.1.2 Liabilities | 63 | 353 | 1084 |
2.2.2 Reserve Assets | 64 | 140 | -142 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 9 | 8 |
2.2.2.3 Reserve position in the IMF | 67 | 4 | 5 |
2.2.2.4 Foreign exchange reserves | 68 | 127 | -156 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | 4 |
Notes:1. The table is compiled according to BPM6.
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 balances, unless marked with "Credit" or "Debit".
3.The SDR denominated quarterly BOP statement is converted from the USD denominated BOP statement for the quarter using the period average exchange rate of SDR against USD.
4.The preliminary amount for the first half of 2022 is the sum of the official amounts of the BOP for 2022Q1 and the preliminary amount for 2022Q2.
5.This table employs rounded-off numbers.