MOFCOM data: Jan-Apr 2026 China’s services trade totaled 2,485.3 bln yuan, up
4.9% YoY — exports 985.0 bln yuan (+15.0%), imports 1,500.3 bln yuan (-0.8%).
Services trade deficit narrowed to 515.3 bln yuan, down 139.7 bln YoY.
Knowledge-intensive services remained a driving sector: Jan-Apr flows were
1,104.2 bln yuan (+5.1%), accounting for 44.4% of total services trade; exports
544.1 bln yuan (+11.7%) with personal cultural and entertainment services and IP
royalties the fastest-growing subsegments (up 39.5% and 20.8% respectively),
imports 560.1 bln yuan (-0.7%). Among top categories, travel services exports
rose 147.2 bln yuan (+30.4%), fastest growth on the export side; transport
services imports rose 316.5 bln yuan (+24.9%), fastest on the import side.
