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[Hongde Information] The head of the Service and Trade Department of the Ministry of Commerce introduced the development of service trade in 2022

Feb 02,2023

In 2022, China's service trade will maintain rapid growth. The total import and export of services for the year was 5980.19 billion yuan (RMB, the same below), an increase of 12.9 percent over the same period last year, of which service exports were 2852.24 billion yuan, an increase of 12.1 percent, imports were 3127.95 billion yuan, an increase of 13.5 percent, and the deficit was 275.71 billion billion yuan.

Steady growth in import and export of knowledge-intensive services

In 2022, the import and export of knowledge-intensive services will reach 2506.85 billion billion yuan, up 7.8 percent. Among them, the export of knowledge-intensive services was 1416.08 billion billion yuan, an increase of 12.2 per cent; the areas with faster export growth were intellectual property rights royalties, telecommunications computers and information services, an increase of 17.5 per cent and 13 per cent respectively; the import of knowledge-intensive services was 1090.77 billion billion yuan, an increase of 2.6 per cent; and the area with faster import growth was insurance services, an increase of 35.8 per cent.

Import and export of travel services continue to recover

In 2022, the overall travel service showed a recovery trend, with the import and export of travel services in 855.98 billion billion yuan, an increase of 8.4 percent.

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