国家外汇管理局：2025年我国经常账户顺差52427亿元

Core Insights - The State Administration of Foreign Exchange (SAFE) released preliminary data on China's balance of payments for the fourth quarter and the entire year of 2025, indicating a current account surplus and a capital and financial account deficit [1][2]. Group 1: Fourth Quarter Data - In Q4 2025, China's current account surplus was 17,137 billion yuan, with a goods trade surplus of 21,043 billion yuan, a services trade deficit of 2,845 billion yuan, a primary income deficit of 1,552 billion yuan, and a secondary income surplus of 491 billion yuan [1]. - The capital and financial account (including net errors and omissions for the quarter) showed a deficit of 17,137 billion yuan, while direct investment into China maintained a net inflow [1]. Group 2: Annual Data - For the entire year of 2025, China's current account surplus reached 52,427 billion yuan, while the capital and financial account (including quarterly net errors and omissions) recorded a deficit of 54,217 billion yuan [1]. - In USD terms, the current account surplus for Q4 2025 was $2,421 billion, with a goods trade surplus of $2,973 billion and a services trade deficit of $402 billion [2]. - The annual current account surplus in USD for 2025 was $73,490 billion, with a capital and financial account deficit of $76,020 billion [2].