In the first half of the year, China's total import and export of services increased by 8.5% year-on-year. Import and export | Services | China
According to data released by the Ministry of Commerce on August 3, China's service trade continued to maintain a growth trend in the first half of 2023. The total import and export volume of services reached 3135.84 billion yuan, a year-on-year increase of 8.5%.
Data shows that in the first half of the year, China's service exports amounted to 1323.22 billion yuan, a year-on-year decrease of 5.9%; Imports amounted to 1812.62 billion yuan, a year-on-year increase of 22.1%; The service trade deficit is 489.4 billion yuan. The main features are as follows:
The proportion of knowledge intensive service trade has increased. In the first half of the year, the import and export of knowledge intensive services reached 1363.92 billion yuan, a year-on-year increase of 12.3%, accounting for 43.5% of the total import and export of services, a year-on-year increase of 1.5 percentage points. Among them, the export of knowledge intensive services reached 792.34 billion yuan, a year-on-year increase of 16%; Imports amounted to 571.58 billion yuan, a year-on-year increase of 7.5%.
In addition, travel services have significantly resumed. In the first half of the year, the import and export of travel services reached 650.94 billion yuan, a year-on-year increase of 65.4%, making it the fastest growing service trade sector. Among them, exports increased by 52.4% year-on-year and imports increased by 66.4% year-on-year.