One yuan equals approximately 0.14 U.S. dollars and 0.12 euros (as of October 2025).
* According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.
Figures have been calculated based on quarter figures and shares of previous months.
Figures have been rounded to provide better understanding of the statistic.
Citation formats
Export VAT rebate expenditure in China by month 2025
This graph shows the expenditure on export value-added tax (VAT) rebates in China from September 2023 to September 2025. In September 2025, export VAT refunds in China amounted to about  billion yuan.
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Ministry of Finance of the People's Republic of China. (October 20, 2025). Expenditure on export value-added tax (VAT) rebates in China from September 2023 to September 2025 (in billion yuan) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 26, 2026, from /statistics/456197/china-export-vat-rebate-expenditure-by-month/
Ministry of Finance of the People's Republic of China. "Expenditure on export value-added tax (VAT) rebates in China from September 2023 to September 2025 (in billion yuan)." Chart. October 20, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 26, 2026. /statistics/456197/china-export-vat-rebate-expenditure-by-month/
Ministry of Finance of the People's Republic of China. (2025). Expenditure on export value-added tax (VAT) rebates in China from September 2023 to September 2025 (in billion yuan). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 26, 2026. /statistics/456197/china-export-vat-rebate-expenditure-by-month/
Ministry of Finance of the People's Republic of China. "Expenditure on Export Value-added Tax (Vat) Rebates in China from September 2023 to September 2025 (in Billion Yuan)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 20 Oct 2025, /statistics/456197/china-export-vat-rebate-expenditure-by-month/
Ministry of Finance of the People's Republic of China, Expenditure on export value-added tax (VAT) rebates in China from September 2023 to September 2025 (in billion yuan) ÌÇÐÄÆƽâ°æ, /statistics/456197/china-export-vat-rebate-expenditure-by-month/ (last visited July 26, 2026)
Expenditure on export value-added tax (VAT) rebates in China from September 2023 to September 2025 (in billion yuan) [Graph], Ministry of Finance of the People's Republic of China, October 20, 2025. [Online]. Available: /statistics/456197/china-export-vat-rebate-expenditure-by-month/
