Trends and developments in commercial services trade

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United Nations Escap: United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Chapter 2 in Asia-Pacific Trade and Investment Report 2012: Recent Trends and Developments, 2012, pp 31-44 from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: The value of world exports of commercial services rose by 11% in 2011 to $4,170 billion, exceeding pre-crisis levels of $3,850 billion in 2008. Half of world exports of commercial services in 2011 consisted of travel receipts and other business services. Asia-Pacific as a region increased its contribution to world export of commercial services from 23% in 2000 to 28% in 2011. However, its share in world imports of commercial services remained at a higher level, rising from 27% in 2000 to 30% in 2011. Despite the exports of commercial services growing faster than the imports since 2003, the region still generates a deficit in its services trade with the world.

Keywords: Trend; Development; Growth; Asia; Pacific; Commercial services trade; Export; Import; Pre-crisis (search for similar items in EconPapers)
JEL-codes: F1 (search for similar items in EconPapers)
Date: 2012
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