- The use of the Chinese yuan in global trade has more than doubled since 2022.
- China is actively promoting its currency as part of a broader de-dollarization strategy.
- In the third quarter of 2025, the yuan accounted for 3.36% of world trade, according to World Trade Scanner data.
- Despite this growth, the U.S. dollar still dominates global settlements at 88%, followed by the euro and yen.
- Experts note that yuan usage could be undercounted due to China’s national payments system, CIPS.
The use of the Chinese yuan in global trade is increasing rapidly, according to recent figures. Since 2022, the share of the yuan in international settlements has more than doubled as China leads an intensified effort to promote its currency worldwide.
Data from World Trade Scanner shows that the yuan made up 1.6% of worldwide trade in 2022. By the third quarter of 2025, this figure had risen to 3.36%. This marks a jump of over 110% in just three years.
China is leveraging concerns over U.S. foreign policy to attract more global partners to use its currency. Several developing nations have adopted the yuan for specific transactions. The administration under President Xi Jinping continues to push de-dollarization as part of a strategic economic plan.
Despite the surge, the Chinese yuan remains far behind the world’s most used currencies. The U.S. dollar still covers approximately 88% of global trade settlements, with the euro at 30%. The Japanese yen also accounts for over 15% to 17%, remaining five times more prevalent than the yuan.
According to Josh Lipsky of the Atlantic Council, “While the Chinese yuan still accounts for less than 4% of all international trade, it has doubled its figures since 2022. In addition, as Chinese banks transact using CIPS, a national SWIFT equivalent, this number might be undercounted.” CIPS, or Cross-Border Interbank Payment System, is China’s alternative to SWIFT—the international bank messaging standard for global payments.
While yuan usage is gaining momentum, it continues to make up a small part of the international financial system. The direction of this trend will depend on future policy moves and evolving world trade relationships.
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