Beijing, July 02 (QNA) - China's trade in services expanded 6 percent year-on-year in the first five months of 2026, with exports of travel and knowledge-intensive services reporting particularly strong growth.
The total value of service imports and exports reached nearly 3.1 trillion yuan (about USD 455.4 billion) from January to May 2026, according to the Ministry of Commerce, as reported by China's Xinhua News Agency.
A breakdown of the data showed that service exports rose 15.9 percent to 1.23 trillion yuan, while imports edged up 0.4 percent to 1.87 trillion yuan. The service trade deficit narrowed by 160.72 billion yuan from one year earlier to 638.56 billion yuan.
During the period, knowledge-intensive service trade increased 5.4 percent year-on-year to 1.37 trillion yuan, accounting for 44.2 percent of all service trade.
Travel service exports grew at the fastest rate among the top five service export sectors, rising 31.3 percent to 188.5 billion yuan. Imports of transport services totaled 402.52 billion yuan, up 26.7 percent, marking the fastest growth rate among the top five service import categories. (QNA)