Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's service trade grows in Q1 amid tourism boom

May 09, 2026


Abstract : China's trade in services expanded 2.3 percent year on year in the first quarter (Q1) of 2026, with stellar growth recorded in travel service exports, data from the Ministry of Commerce showed on Friday.

BEIJING, May 8 (Xinhua) -- China's trade in services expanded 2.3 percent year on year in the first quarter (Q1) of 2026, with stellar growth recorded in travel service exports, data from the Ministry of Commerce showed on Friday.

The total value of service imports and exports reached over 1.8 trillion yuan (about 262.8 billion U.S. dollars) in the first three months of the year, according to the ministry.

Notably, travel service exports jumped 32.3 percent year on year to 105.35 billion yuan in the reporting period, the highest growth among all service export sectors.

Meanwhile, imports of transport services totaled 230.2 billion yuan in Q1, an increase of 22.8 percent, marking the fastest pace in the top five service import categories by scale.

Trade in knowledge-intensive services expanded by 1.6 percent year on year in the first quarter, accounting for 43.5 percent of total service trade. Personal cultural and entertainment services, as well as financial services, recorded particularly sharp export gains of 25.6 percent and 16.1 percent, respectively.

Inbound tourism has been booming in recent years after China introduced expanded visa-free policies and conveniences such as instant tax refunding for departing visitors.

In Q1 of 2026, foreign nationals made roughly 8.32 million visa-free entries into China, making up 77.9 percent of all inbound foreign trips and representing an increase of 29.3 percent year on year, official data revealed.

Scan the QR code and push it to your mobile phone

Keyword: foreign trade service trade

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial