The total import and export volume of emerging services has exceeded RMB 1 trillion

The total import and export volume of emerging services has exceeded RMB 1 trillion

The reporter learned from the Ministry of Commerce on the 29th that from January to August, the total import and export volume of China’s emerging services exceeded 1 trillion yuan, reaching 1,138.39 billion yuan, a year-on-year increase of 20.9%.

In the first eight months, the import and export of emerging services in China were 10.4 percentage points higher than the overall growth rate of service imports and exports, and the proportion of emerging services increased by nearly 3 percentage points. Among them, the export of emerging services was 593.23 billion yuan, an increase of 25.5%; the import was 545.16 billion yuan, an increase of 16.3%.

According to reports, from January to August this year, China’s new service imports grew rapidly, accounting for 23.6% of service imports, an increase of 1.6 percentage points over the same period last year. Among them, the growth rate of financial services, intellectual property fees, telecommunications computers, and information services imports exceeded 20%, accounting for 47.1%, 23.3%, and 23.2% respectively.

Recently, the growth rate of China’s emerging services import and export has continued to rise faster than the overall growth rate of service imports and exports. Li Jun, director of the Institute of International Service Trade of the Ministry of Commerce, believes that the rapid development of emerging service trade benefits from the rapid development of new service kinetics in China’s service industry, especially the Internet and digital economy, as well as China’s successive opening measures and Deepen the dividends released by policies such as innovation in service trade reform.

According to the National Bureau of Statistics, from January to August, the national service industry production index increased by 7.9% year-on-year. From January to July, the operating income of strategic emerging service industry, technology service industry and high-tech service industry increased by 16.4%, 16.1%, and 14.5% respectively.

The rapid development of the service industry has also driven the growth of service exports to continue to be higher than imports. According to data from the Ministry of Commerce, from January to August, service exports continued to grow rapidly this year, and the growth rate of exports was 5.7 percentage points higher than the growth rate of imports. Among them, the top three areas of growth rate are telecommunications computer and information services, personal culture and entertainment services, and insurance services, with growth rates of 61.1%, 38.8%, and 26.5%, respectively.

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