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三季度对外经济部门体检报告:货物贸易顺差创新高,银行结售汇顺差驱动内资外流增多
2025-01-03 06:28

Trade Balance and Current Account - In Q3, the current account surplus increased by 143% to 147.6billion,markingahistoricalhigh,accountingfor3.2147.6 billion, marking a historical high, accounting for 3.2% of GDP, up 1.8 percentage points year-on-year[2] - The goods trade surplus grew by 47% to 229.9 billion, contributing 85% to the current account surplus increase[2] - The service trade deficit was 58.6billion,a458.6 billion, a 4% decrease year-on-year, with travel services showing an 18% increase in deficit to 54.8 billion[3] Capital Account and Investment Flows - The capital account recorded a deficit of 175billion,a69175 billion, a 69% increase year-on-year, the highest since Q4 2016[9] - Private sector outward investment net outflow increased by 73.8 billion, with other investments and securities investments being the main contributors[11] - Foreign direct investment net outflow decreased to 34.5billion,thelowestsinceQ42019[15]InternationalReservesandExchangeRateThebasicinternationalbalanceofpaymentssurplusimprovedto34.5 billion, the lowest since Q4 2019[15] International Reserves and Exchange Rate - The basic international balance of payments surplus improved to 104.8 billion, the highest since Q4 2022, while short-term capital deficit increased to 132.3billion[21]Positivevaluationeffectsfromexchangerateandassetpricechangesreached132.3 billion[21] - Positive valuation effects from exchange rate and asset price changes reached 123.6 billion, a historical high, influenced by global stock and bond market increases[22] - By the end of Q3, the private sector's net foreign liabilities decreased to $390.1 billion, representing 2.1% of GDP, continuing a downward trend since Q2 2023[25]