The current development status of China’s trade in services

The current development situation is showing a growth trend.

From January to September 2023, my country’s service trade will continue to maintain a growth trend. The total import and export volume of services was 4.81807 billion yuan (RMB, the same below), a year-on-year increase of 7.7%. Among them, exports were 1.97206 billion yuan, a decrease of 8.2%; imports were 2.84601 billion yuan, an increase of 22.4%; the service trade deficit was 873.94 billion yuan.

The main features: the proportion of knowledge-intensive service trade has increased. From January to September, the import and export of knowledge-intensive services was 2,025.95 billion yuan, a year-on-year increase of 8.6%, accounting for 42% of the total service import and export, an increase of 0.4 percentage points from the same period last year. Among them, the export of knowledge-intensive services was 1,151.29 billion yuan, an increase of 10.4%, and the import of knowledge-intensive services was 874.66 billion yuan, an increase of 6.4%.

Travel services continue to resume. From January to September, the import and export of travel services reached 1.054 billion yuan, a year-on-year increase of 69%, continuing to remain the fastest growing service trade field. Among them, exports increased by 51.9% and imports increased by 70.4%.