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From January to November 2021, China service trade continues to maintain rapid growth

2022-01-11 CTJPA

According to data released on the official website of the Ministry of Commerce, from January to November 2021, China service trade continues to maintain a rapid growth trend. The total import and export of services was 4,676.78 billion yuan, a year-on-year increase of 14.7%; of which service exports were 2,236.44 billion yuan, an increase of 31.5%; imports were 2,440.34 billion yuan, an increase of 2.6%. The growth rate of service exports was 28.9 percentage points higher than that of imports, driving the service trade deficit to drop by 69.9% to 203.9 billion yuan, a year-on-year decrease of 473.12 billion yuan. Compared with the same period in 2019, imports and exports of services fell by 4%, with a two-year average decline of 2%.