$263 billion value of services trade in China during the first quarter
BEIJING, May 9, 2026 /WAM/ The value of services trade in China reached $263 billion during the first quarter of this year, with a growth rate of 2.3 percent year-on-year.
According to data issued by the Chinese Ministry of Commerce, the total value of imports and exports of services exceeded 1.8 trillion yuan (about 262.8 billion US dollars) during the first three months of this year.
Travel services exports increased by 32.3 percent year-on-year to reach 105.35 billion yuan during the aforementioned period, recording the highest growth rate among all service export sectors, while the total value of transportation services imports reached 230.2 billion yuan, an increase of 22.8 percent year-on-year, which represents the fastest pace among the five largest service import categories in terms of volume.
Trade in knowledge-intensive services expanded 1.6 percent year on year in the first quarter, accounting for 43.5 percent of total services trade. While cultural and personal entertainment services, as well as financial services, achieved significant export gains, increasing by 25.6 percent and 16.1 percent year on year, respectively.
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