China Current Account Surplus Revised Slightly Lower in Q2
China recorded a current account surplus of $193.7 billion in Q2 2026, revised down from the initial estimate of $195.1 billion but up from $184.3 billion in Q1. The surplus in goods and services widened to $223.4 billion from $187.9 billion. Credits rose to $1.2146 trillion from $1.061 trillion, as higher prices for major commodities ...
In the second quarter of 2026, China reported a current account surplus of $193.7 billion, slightly revised downward from the initial estimate of $195.1 billion. However, the figure marked an increase from $184.3 billion recorded in the previous quarter. The surplus in goods and services expanded to $223.4 billion, up from $187.9 billion in Q1.
Credits surged to $1.2146 trillion from $1.061 trillion, driven by higher prices for key commodities exported by China. Simultaneously, the slowing economy led manufacturers to increasingly rely on overseas clients for orders. Conversely, debits in the goods and services account rose to $991.2 billion from $873.1 billion.
Despite a significant surge in oil prices triggered by the ongoing war in Iran, a key supplier to Chinese refineries, China largely maintained its energy imports and drew upon existing inventories. The secondary income account registered a slightly higher surplus of $63 million, compared to the previous $38 million. Meanwhile, the primary income deficit widened to $359 million from $74 million.
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