China Posts Record Goods Trade Surplus in Third Quarter
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A container terminal at the Qingdao Port in Qingdao, Shandong province. Photo: Visual China
China recorded a historic high goods trade surplus of $269.5 billion in the third quarter of 2025, data released Wednesday by the State Administration of Foreign Exchange showed.
China’s current account surplus reached $198.7 billion in the period, a 26% increase from a year earlier, according to official data. The services trade deficit narrowed 16% year on year to $49.3 billion, as service revenue rose faster than expenditure. Revenue increased by $11.9 billion, while spending grew by $2.7 billion.
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- China’s goods trade surplus hit a record $269.5 billion in Q3 2025; current account surplus rose 26% to $198.7 billion.
- Services trade deficit narrowed 16% to $49.3 billion; capital and financial account recorded a $240.5 billion deficit, led by a $190.8 billion securities investment deficit.
- External financial assets grew 12.6% to $3.69 trillion, with direct investment at 30% and securities investment assets up 38% to $1.95 trillion.
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