【金融街发布】国家外汇局：前三季度我国经常账户顺差35074亿元

Core Insights - The State Administration of Foreign Exchange of China reported preliminary data on the international balance of payments for the third quarter and the first three quarters of 2025, indicating a significant surplus in the current account [1][2]. Group 1: Current Account Overview - In Q3 2025, China's current account surplus was 13,948 billion yuan, with a goods trade surplus of 19,213 billion yuan, a services trade deficit of 3,520 billion yuan, a primary income deficit of 2,324 billion yuan, and a secondary income surplus of 579 billion yuan [1]. - For the first three quarters of 2025, the current account surplus reached 35,074 billion yuan, with a goods trade surplus of 52,015 billion yuan, a services trade deficit of 11,166 billion yuan, a primary income deficit of 6,844 billion yuan, and a secondary income surplus of 1,069 billion yuan [1]. Group 2: Capital and Financial Account - In Q3 2025, the capital and financial account (including net errors and omissions) recorded a deficit of 13,948 billion yuan, while direct investment into China maintained a net inflow [1]. - For the first three quarters of 2025, the capital and financial account (including net errors and omissions) showed a deficit of 33,885 billion yuan [1]. Group 3: USD Valuation - In USD terms, the current account surplus for Q3 2025 was 1,956 billion USD, with a goods trade surplus of 2,695 billion USD, a services trade deficit of 494 billion USD, a primary income deficit of 326 billion USD, and a secondary income surplus of 81 billion USD [1]. - For the first three quarters of 2025, the current account surplus was 4,898 billion USD, with a goods trade surplus of 7,262 billion USD, a services trade deficit of 1,558 billion USD, a primary income deficit of 955 billion USD, and a secondary income surplus of 149 billion USD [2]. Group 4: SDR Valuation - In terms of Special Drawing Rights (SDR), the current account surplus for Q3 2025 was 1,429 billion SDR, with a goods trade surplus of 1,969 billion SDR, a services trade deficit of 361 billion SDR, a primary income deficit of 238 billion SDR, and a secondary income surplus of 59 billion SDR [2]. - For the first three quarters of 2025, the current account surplus was 3,639 billion SDR, with a goods trade surplus of 5,394 billion SDR, a services trade deficit of 1,161 billion SDR, a primary income deficit of 705 billion SDR, and a secondary income surplus of 110 billion SDR [2].