SAFE Releases Data on International Trade in Goods and Services of China in October 2023

2023-11-29 08:41:25 · SAFE

International trade in goods and services of China (updated to October 2023)

In October 2023, the export and import of China's international trade in goods and services totalled RMB 4091.0 billion. Of this, the export of goods recorded RMB 1961.5 billion and the import recorded RMB 1634.9 billion, resulting in a surplus of RMB 326.6 billion. The export of services recorded RMB 177.7 billion and the import recorded RMB 316.8 billion, resulting in a deficit of RMB 139.1 billion. In terms of the major items, the export and import of transport, travel, other business services, telecommunications, computer and information services registered RMB 148.5 billion, RMB 130.0 billion, RMB 86.3 billion and RMB 48.2 billion respectively.

In the US dollar terms, in October 2023, the export and import of China's international trade in goods and services were USD 298.0 billion and USD 271.9 billion respectively, with a surplus of USD 26.1 billion.

International Trade in Goods and Services of China

October2023

Item	In 100 million of RMB	In 100 million of USD
Goods and services	1876	261
Credit	21393	2980
Debit	-19517	-2719
1.Goods	3266	455
Credit	19615	2732
Debit	-16349	-2277
2.Services	-1391	-194
Credit	1777	248
Debit	-3168	-441
2.1Manufacturing services on physical inputs owned by others	72	10
Credit	77	11
Debit	-5	-1
2.2Maintenance and repair servicesn.i.e	36	5
Credit	66	9
Debit	-30	-4
2.3Transport	-541	-75
Credit	472	66
Debit	-1013	-141
2.4Travel	-1100	-153
Credit	100	14
Debit	-1200	-167
2.5Construction	45	6
Credit	90	13
Debit	-46	-6
2.6Insurance and pension services	-131	-18
Credit	12	2
Debit	-143	-20
2.7Financial services	3	0
Credit	21	3
Debit	-19	-3
2.8Charges for the use of intellectual property	-167	-23
Credit	45	6
Debit	-212	-30
2.9Telecommunications, computer and information services	164	23
Credit	323	45
Debit	-159	-22
2.10Other business services	246	34
Credit	554	77
Debit	-308	-43
2.11Personal, cultural, and recreational services	-16	-2
Credit	9	1
Debit	-25	-3
2.12Government goods and services n.i.e	-1	0
Credit	7	1
Debit	-8	-1

Notes:

1. The international trade in goods and services in this table refers to the transactions between residents and non-residents, based onthe same standard as that forBOPstatement. The monthly data are preliminary and may be inconsistent with the quarterly data in the BOP statement.

2. The data on international trade in goods and services are prepared in USD, and the RMB data for the current month is derived by converting the USD data at the monthly averagecentral parityrate of the RMB against the USD.

3. This table employs rounded-off numbers.

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