Previous Page  38 / 125 Next Page
Information
Show Menu
Previous Page 38 / 125 Next Page
Page Background

COMCEC Trade Outlook 2019

31

exporters of the commercial services trade had a share of more than 50 per cent in global

commercial services exports in 2016, 2017 and 2018.

Table 6: Top Commercial Services Exporters in the World

Countries

(Billion Dollars)

Share %

2016

2017

2018

2016

2017

2018

USA

740

778

808

14.9

14.5

14.0

UK

345

353

373

6.9

6.6

6.5

Germany

281

303

326

5.7

5.7

5.6

France

259

274

291

5.2

5.1

5.0

China

208

226

265

4.2

4.2

4.6

Netherlands

189

216

241

3.8

4.0

4.2

Ireland

149

180

205

3.0

3.4

3.6

India

161

185

204

3.2

3.4

3.5

Japan

171

182

187

3.4

3.4

3.2

Singapore

157

172

184

3.2

3.2

3.2

Top Ten Countries Total

2,660

2,869

3,084

53.6

53.6

53.5

World Total

4,962

5,358

5,770

Source: UNCTADSTAT

4.2. Trade in Commercial Services in the OIC Member Countries

Total commercial services trade in the OIC reached its peak level in 2014 and recorded as 870

billion USD. Compare to the year 2014, this peak was exceeded in 2018 with 4.8 percent increase

and reached to 912 billion USD.

With respect to the structure of the trade in services, OIC services imports has dominated the

services exports in the last decade. Accordingly, the OIC commercial services exports constituted

only about 42 per cent of the total commercial services trade in 2018. However, services exports

grew at an annual average rate of 4.3 per cent while services imports grew by 3.1 per cent during

2009-2018 period. Thus, the share of services exports has increased over the last decade from

39 per cent in 2009 to 42 per cent in 2018.

Figure 37: Total OIC Commercial Services Exports and Imports

Source: UNCTADSTAT

Regarding the share of the OIC in global commercial services, the OIC Member Countries have

the share of 8.2 per cent in total global commercial services trade. Although this ratio peaked at

11.2

11.6

7.9

3.9

13.6

-6.5

-3.9

8.1

7.9

-10.0

-5.0

0.0

5.0

10.0

15.0

0

100

200

300

400

500

600

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Billion USD

OIC Commercial Services Export

OIC Commercial Services Import

OIC Commercial Services Trade Growth (%)