China’s current account surplus widened to $184.3 billion in the first quarter of 2026 from $163.6 billion in the corresponding period of the previous year, a record high for the period, and revised slightly higher from the preliminary estimate $184.1 billion. The goods account surplus widened to $187.9 billion from $178.2 amid a 14.6% jump in exports to $1.061 trillion in the period, as lingering weakness in the Chinese economy resulted in manufacturing capacity to continue outgrowing demand, driving producers to rely on foreign markets for sales. In turn, the services deficit was relatively unchanged at $59.6 billion (vs $59.3 billion in Q1 2025). Meanwhile, the primary income account deficit narrowed to $7.4 billion from $15.5 billion and the secondary income surplus inched higher to $3.8 billion from $2.8 billion.

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