Ministry of Commerce: In the first half of the year, China's total service import and export volume was 38,872.6 billion yuan, an increase of 8.0% year-on-year.

On August 4th, the person in charge of the Department of Trade in Services at the Ministry of Commerce introduced the development of service trade in the first half of 2025. In the first half of 2025, China's service trade grew steadily, with the total volume of service imports and exports reaching 3.8872 trillion yuan, an increase of 8.0% year-on-year. Among them, exports were 1.6883 trillion yuan, an increase of 15.0%; imports were 2.1989.6 trillion yuan, an increase of 3.2%. The service trade deficit was 510.66 billion yuan, a decrease of 152.21 billion yuan compared to the same period last year. Knowledge-intensive service trade maintained growth. In the first half of the year, the import and export of knowledge-intensive services reached 1.5025 trillion yuan, an increase of 6.0%. Among them, other commercial services, telecommunications, computer, and information services had large import and export volumes, reaching 639.1 billion yuan and 529.38 billion yuan respectively, with growth rates of 3.1% and 12.7%. The export of knowledge-intensive services was 865.04 billion yuan, an increase of 7.8%; the import of knowledge-intensive services was 637.5 billion yuan, an increase of 3.6%; with a surplus of 227.54 billion yuan, an increase of 40.92 billion yuan compared to the same period last year. Travel services exports grew the fastest. In the first half of the year, travel services maintained rapid growth, with imports and exports reaching 1.0802.9 trillion yuan, an increase of 12.3%, making it the largest sector in service trade. Among them, exports grew by 68.7% and imports grew by 5.5%. This article is excerpted from the official website of the Ministry of Commerce, edited by GMTEight: Liu Jiayin.