Ministry of Commerce: The total volume of services imports and exports in January-February reached 1.30956 trillion yuan, an increase of 9.9% year-on-year.

On April 1, the person in charge of the Department of Trade in Services of the Ministry of Commerce introduced the development of service trade in January-February 2025. In January-February 2025, China's service trade grew rapidly, with the total volume of service imports and exports reaching 1.30956 trillion yuan, an increase of 9.9% year-on-year. Among them, exports were 549.58 billion yuan, an increase of 13%; imports were 759.98 billion yuan, an increase of 7.8%. The service trade deficit was 210.4 billion yuan, a decrease of 8.333 billion yuan compared to the same period last year. The original text is as follows: The person in charge of the Department of Trade in Services of the Ministry of Commerce introduced the development of service trade in January-February 2025 In January-February 2025, China's service trade grew rapidly, with the total volume of service imports and exports reaching 1.30956 trillion yuan. Among them, exports were 549.58 billion yuan, an increase of 13%; imports were 759.98 billion yuan, an increase of 7.8%. The service trade deficit was 210.4 billion yuan, a decrease of 8.33 billion yuan compared to the same period last year. It presents the following characteristics: Knowledge-intensive service trade maintains growth. In January-February, the import and export of knowledge-intensive services amounted to 476.65 billion yuan, an increase of 2.5%. Among them, exports of knowledge-intensive services were 285.73 billion yuan, an increase of 3.3%. Other business services, telecommunications, computer and information services had large export scales, with amounts of 145.52 billion yuan and 111.9 billion yuan, and growth rates of 4.5% and 6% respectively. Imports of knowledge-intensive services were 190.92 billion yuan, an increase of 1.4%. The surplus of knowledge-intensive service trade was 948.1 billion yuan, an increase of 63.8 billion yuan compared to the same period last year. Travel services grew the fastest. In January-February, travel services continued to grow at a high speed, with imports and exports reaching 409.8 billion yuan, an increase of 28.9%, making it the largest sector in service trade. Among them, exports increased by 142.6% and imports increased by 21.1%. This article was selected from the official website of the Ministry of Commerce. Editor: Liu Jiayin.