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In the first three quarters of 2020, the total imports and exports of services in Hainan, China amounted to 12.833 billion yuan

In the first three quarters of 2020, the province's total imports and exports of services amounted to 12.833 billion yuan, of which imports and exports of new services increased 76.46% year on year, accounting for more than 50% of the total imports and exports of services. In September, the province's imports and exports of services increased significantly over the same period last year.

 

In the first three quarters, Hainan Province's exports of services totaled 3.575 billion yuan, imports 9.258 billion yuan, up 14.16% over the same period last year.

 

Seven sectors of the emerging trade in services (insurance, financial services, telecommunications and computer information services, business services, cultural and entertainment services, maintenance and repair services, and payments for the use of intellectual property) achieved positive growth. Imports and exports of new services increased 76.46% year on year, up 34.26 percentage points from January to August. Emerging trade in services accounted for 52.30% of the total, much higher than the 24.48% in the same period last year. Payments for commercial services and the use of intellectual property have surpassed tourism services, becoming the second and third sector of service trade in the province's service trade after transportation services.

 

In September, the volume of imports and exports of services in Hainan province amounted to 2.493 billion yuan, up 31.43% over the same period last year and up 137.65% over August. Including imports amounted to 2.009 billion yuan, up 101.89% from a year earlier. Commercial services, computer services and the use of intellectual property rights associated with audiovisual products have rapidly expanded to become the main support points for trade in services. Among them, there are active transactions with intellectual property, the volume of imports and exports of which is 1.213 billion yuan per month.

 

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