General

The website of the State Administration of foreign exchange published the data of China's balance of payments trade in goods and services in May 2023. In May 2023, the import and export data showed that the import and export scale of China's balance of payments trade in goods and services was 3811.2 billion yuan, an increase of 1% year on year.

The import and export data showed that the export of goods was 1840billion yuan, the import was 1479.2 billion yuan, and the surplus was 360.8 billion yuan; The export of service trade was 179.2 billion yuan, the import was 312.8 billion yuan, and the deficit was 133.6 billion yuan. The import and export data show that the main items of service trade are: the import and export scale of transportation services is 158.3 billion yuan, the import and export scale of travel services is 108.2 billion yuan, the import and export data show that the import and export scale of other commercial services is 88billion yuan, and the import and export scale of telecommunications, computer and information services is 58.1 billion yuan.

According to the import and export data, measured in US dollars, in May 2023, China's exports of goods and services in the international balance of payments were US $288.8 billion, and imports were US $256.3 billion, with a surplus of US $32.5 billion.