Ministry of Commerce: China's total service imports and exports in 2020 will be 4,564.27 billion yuan

Ministry of Commerce: my country's total service imports and exports in 2020 is 4,564.27 billion yuan, service exports are significantly better than imports

　　CCTV News: The Ministry of Commerce held a regular press conference today (February 4). According to data from the Ministry of Commerce, in 2020, the growth rate of my country's service import and export slowed down quarter by quarter, and service exports were significantly better than imports. Trade deficit Decrease, and the proportion of knowledge-intensive service trade increased.

　　In 2020, affected by various factors such as the new crown pneumonia epidemic, my country's total service imports and exports totaled 4,564.27 billion yuan, a year-on-year decrease of 15.7%.

In December, my country's service exports increased by 6.9%, which is the month with the highest export growth rate in 2020.

Among them, the export of intellectual property royalties, the export of personal cultural and entertainment services and the export of transportation increased significantly.

　　The deficit in trade in services has been substantially reduced.

In 2020, my country's service exports will drop by 1.1%, and imports will drop by 24%, leading to a 53.9% drop in the service trade deficit, a year-on-year decrease of 809.56 billion yuan.

　　The proportion of knowledge-intensive service trade increased.

In 2020, my country's knowledge-intensive service imports and exports increased by 8.3% year-on-year, accounting for 44.5% of the total service imports and exports, an increase of 9.9%.

The areas with faster export growth are intellectual property royalties, telecommunication computers and information services, and insurance services; the areas with faster import growth are financial services, telecommunication computers and information services.

　　Imports and exports of travel services fell sharply.

The global new crown pneumonia epidemic situation is severe, and the import and export of travel services worldwide has been greatly affected.

In 2020, my country's import and export of travel services fell by 48.3%, which is the main factor leading to the decline in service trade.

Excluding travel services, my country's service imports and exports will increase by 2.9% in 2020, of which exports will increase by 6%, and imports will remain basically the same.