Core Insights - China's service trade experienced rapid growth in Q1 2025, with a total import and export value of 19,741.8 billion yuan, marking an 8.7% year-on-year increase [1] - Service exports reached 8,351.5 billion yuan, up 12.2%, while imports totaled 11,390.3 billion yuan, increasing by 6.2% [1] - The service trade deficit narrowed to 3,038.8 billion yuan, a reduction of 244.6 billion yuan compared to the same period last year [1] Travel Services - Travel services emerged as the fastest-growing segment, with imports and exports totaling 5,849 billion yuan, reflecting a 21.8% growth [1] - Travel service exports surged by 97.5%, while imports grew by 14.9% [1] - The growth in travel service exports is attributed to policy relaxations, increased international appeal, and enhanced digital services and payment convenience [1] Outbound Tourism - The demand for outbound tourism among Chinese residents rebounded strongly post-COVID-19, driven by a desire for personalized and high-quality travel experiences [2] - The recovery of international transportation and supply chains has also contributed to the growth of the outbound tourism market [2] - The dual growth in travel service imports and exports reflects the recovery of the global tourism market and highlights the increasing international competitiveness of China's cultural and tourism industry [2]
2025年首季我国服务贸易迎“开门红” 旅行进出口双向跃升
Sou Hu Cai Jing·2025-04-30 02:51