In 2024, the total import and export volume of services in China exceeded 1 trillion US dollars for the first time, setting a new historical high in scale. The total import and export volume of services for the year was 7523.8 billion yuan, a year-on-year increase of 14.4%. Among them, exports amounted to 3175.56 billion yuan, an increase of 18.2%; Imports amounted to 4348.24 billion yuan, an increase of 11.8%. Knowledge intensive service trade maintained growth, with imports and exports totaling 2.89652 trillion yuan for the whole year, an increase of 6.5%. Among them, the export of knowledge intensive services reached 1657.32 billion yuan, an increase of 7.4%. Personal cultural and entertainment services, telecommunications and computer services, and information services grew rapidly, with growth rates of 39.3% and 12.2%, respectively; The import of knowledge intensive services reached 1.2392 trillion yuan, an increase of 5.4%. Personal cultural and entertainment services, as well as intellectual property usage fees, grew rapidly, with growth rates of 29.5% and 8.7%, respectively. The trade surplus of knowledge intensive services reached 418.12 billion yuan, an increase of 50.45 billion yuan from 2023. Travel services have grown the fastest, with imports and exports reaching 205.15 billion yuan for the whole year, an increase of 38.1%, making it the largest sector of service trade. Among them, exports increased by 156.8% and imports increased by 29.3%. (New Society)