China's service trade deficit narrows by 145.1 billion yuan in first 8 months
China's total service imports and exports grew 7.9% YoY to 5.07 trillion yuan in Jan-Aug 2026, with the deficit narrowing significantly.
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According to the Ministry of Commerce (MOFCOM), China's total service imports and exports reached 5.07016 trillion yuan in the first eight months of 2026, a year-on-year increase of 7.9%.
Exports rose 14.8% to 1.99961 trillion yuan, while imports increased 3.8% to 3.07055 trillion yuan. The service trade deficit stood at 1.07094 trillion yuan, narrowing by 145.12 billion yuan compared to the same period last year.
Travel and transport services contributed nearly 50% to the growth in overall service exports. Knowledge-intensive service exports grew 10.9% to 1.07447 trillion yuan, accounting for 53.7% of total service exports.