State Administration of Foreign Exchange: my country’s current account surplus will be 405.5 billion yuan in the fourth quarter of 2023

　　China News Service, March 29. According to news from the State Administration of Foreign Exchange’s WeChat public account on the 29th, the State Administration of Foreign Exchange announced my country’s balance of payments for the fourth quarter and full year of 2023.

　　In the fourth quarter of 2023, my country's current account had a surplus of 405.5 billion yuan, and the capital and financial account had a deficit of 335.5 billion yuan. Among them, the non-reserve financial account had a deficit of 244.6 billion yuan, and reserve assets increased by 90.4 billion yuan.

　　In 2023, my country's current account surplus will be 1,782.6 billion yuan, and the capital and financial account deficit will be 1,518.1 billion yuan. Among them, the non-reserve financial account deficit will be 1,490.7 billion yuan, and reserve assets will increase by 25.3 billion yuan.

　　In US dollar terms, in the fourth quarter of 2023, my country's current account surplus was US$56.2 billion, of which the trade in goods surplus was US$151.1 billion, the trade in services deficit was US$56.7 billion, the primary income deficit was US$42.6 billion, and the secondary income surplus was US$4.4 billion. The capital and financial account deficit was US$46.6 billion, of which the capital account deficit was US$100 million, the non-reserve financial account deficit was US$34 billion, and reserve assets increased by US$12.5 billion.

　　In US dollar terms, in 2023, my country's current account surplus will be US$253 billion, including a goods trade surplus of US$593.9 billion, a services trade deficit of US$207.8 billion, a primary income deficit of US$148.2 billion, and a secondary income surplus of US$15.2 billion. The capital and financial account deficit was US$215.1 billion, of which the capital account deficit was US$300 million, the non-reserve financial account deficit was US$209.9 billion, and reserve assets increased by US$4.8 billion.

　　Calculated in SDR terms, in the fourth quarter of 2023, my country's current account had a surplus of 42.4 billion SDR, and the capital and financial account had a deficit of 35.2 billion SDR. Among them, the non-reserve financial account had a deficit of 25.6 billion SDR, and reserve assets increased by 9.5 billion SDR.

　　In terms of SDR valuation, in 2023, my country's current account surplus will be 189.3 billion SDR, and the capital and financial account deficit will be 161.1 billion SDR. Among them, the non-reserve financial account deficit will be 156.9 billion SDR, and reserve assets will increase by 4 billion SDR.

　　In addition, the State Administration of Foreign Exchange has revised the balance of payments data for each quarter since 2022 based on the latest data obtained. For details, please see the "Statistical Data" column of the official website of the State Administration of Foreign Exchange.

　　In order to facilitate the interpretation of balance of payments and international investment position data by all sectors of society, the balance of payments analysis team of the State Administration of Foreign Exchange also released the "2023 China Balance of Payments Report".