This aerial photo taken on Jan 31, 2023 shows a cargo ship docking at a container terminal of Ningbo Zhoushan Port in East China's Zhejiang province. (HUANG ZONGZHI / XINHUA)

BEIJING - China reported a current-account surplus of $417.5 billion in 2022, up 32 percent from the previous year, the State Administration of Foreign Exchange said Friday.

The figure, only second to that in 2008, accounted for 2.3 percent of its gross domestic product during the same period, said Wang Chunying, a spokeswoman with the administration.

Trade in goods posted a record surplus of $685.6 billion in 2022, up 22 percent year-on-year, said Wang Chunying, a spokeswoman with the State Administration of Foreign Exchange

Trade in goods posted a record surplus of $685.6 billion in 2022, up 22 percent year-on-year, said Wang.

Trade in services saw a deficit of $94.3 billion, down 6 percent year-on-year. The shortfall in the tourism sector rose 14 percent year-on-year to $107.6 billion as expenditure in cross-border tourism and overseas education gradually recovered.

Direct investment logged a net inflow of $32.3 billion in the period.

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Wang expected international payments to remain balanced in 2023 despite external uncertainties as China's economy retains its robustness, massive potential, and sound long-term fundamentals. She said China's recovery is gaining ground with the support of policy incentives.