Since 2018, China’s service trade deficit has shown a trend of gradual decline. At today’s (August 23) news conference, the relevant responsible person of the Department of service trade of the Ministry of Commerce introduced that the sharp decline in travel imports and exports and the increase in traditional and emerging services exports are the main factors for the decline in the service trade deficit< Br > < div class = "height" > < / div > data show that China’s service trade deficit in 2021 decreased by 67% compared with that in 2020, to US $32.75 billion, the lowest since 2011< Br > < div class = "height" > < / div > it is reported that there are many reasons for the decline of the service trade deficit. First, due to the impact of the epidemic, the import and export of travel have dropped significantly. Before the epidemic, travel has always been the largest field of service trade. In 2021, China’s travel service trade deficit was US $114.68 billion, a decrease of 55.8% over 2019 before the epidemic, becoming the main factor driving the decline of the service trade deficit< Br > < div class = "height" > < / div > the improvement of traditional service exports has also led to the narrowing of the service trade deficit. Last year, China’s transportation service exports maintained a high level. In 2021, the transportation service exports reached US $127.2 billion, an increase of 124.7%, driving the improvement of traditional service exports< img alt="" width="600" src=" https://imagecloud.thepaper.cn/thepaper/image/212/293/925.png ">