China-Singapore Finance, April 6. According to the website of the Ministry of Commerce, from January to February this year, my country's service trade continued to maintain a good growth trend.
The total import and export of services was 953.48 billion yuan (RMB, the same below), a year-on-year increase of 33.5%; of which service exports were 467.58 billion yuan, an increase of 39.4%; imports were 485.9 billion yuan, an increase of 28.3%.
The growth of service exports was 11.1 percentage points higher than that of imports, driving the service trade deficit to drop by 57.6% to 18.31 billion yuan, a year-on-year decrease of 24.91 billion yuan.
Mainly present the following characteristics:
Trade in knowledge-intensive services grew steadily.
From January to February, the import and export of knowledge-intensive services was 382.4 billion yuan, an increase of 17.9%.
Among them, the export of knowledge-intensive services was 219.69 billion yuan, an increase of 20.3%; the areas with faster export growth were intellectual property royalties, telecommunications computer and information services, and other commercial services, which increased by 72.1%, 25.7%, and 17.1% respectively.
The import of knowledge-intensive services was 162.71 billion yuan, an increase of 15%; the fastest growing area of imports was insurance services, with a growth rate of 124.9%.
Imports and exports of travel services have recovered somewhat.
From January to February, my country's import and export of travel services reached 149.77 billion yuan, an increase of 16.9%, of which exports fell by 7.1% and imports increased by 19.1%.
Excluding travel services, my country's import and export of services increased by 37.2% from January to February, of which exports increased by 41% and imports increased by 32.5%; compared with the same period in 2019, service imports and exports increased by 59.4%, of which exports increased by 75.3% and imports increased by 42.4% %.
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