From January to August 2026, China's total import and export volume of services was 5070.16 billion yuan, an increase of 7.9% over the previous year. Among them, exports amounted to 610 billion yuan in 1999, an increase of 14.8%; imports amounted to 3070.55 billion yuan, an increase of 3.8%. The service trade deficit was 1070.94 billion yuan, a year-on-year decrease of 145.12 billion yuan. It mainly shows the following characteristics: exports of travel and transportation services contribute nearly 50% to overall service export growth. From January to August, exports of travel services amounted to 275.17 billion yuan, an increase of 15.3%, while exports of transport services amounted to 420.06 billion yuan, an increase of 28.2%. Exports of travel and transport services contributed 14.1% and 35.8% to overall service export growth, respectively. Knowledge-intensive services account for more than half of exports. In January-August, imports and exports of knowledge-intensive services amounted to 223.14 billion yuan, an increase of 6.6%, accounting for 44% of the total import and export of services. Exports of knowledge-intensive services amounted to 1074.47 billion yuan, an increase of 10.9%, accounting for 53.7% of service exports. Among them, personal cultural and entertainment services and financial services grew the fastest, with growth rates of 66% and 21.6% respectively. Imports of knowledge-intensive services amounted to 1156.93 billion yuan, an increase of 2.8%, accounting for 37.7% of service imports.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.