COMCEC Trade Outlook 2019
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With respect to the sectoral breakdown of commercial services trade, travel services sector has
the largest share accounting for the 43.7 per cent of the total global commercial services exports.
This sector is followed by transport with a share of 29.6 per cent and other business22 with 8.1
per cent respectively in 2018.
On the other hand, the contribution of the sectors to the total commercial services varies
according to the level of economic development of the countries. As shown in the Figure 40,
although the travel services has the largest share in developing countries and in the world, it
ranks second with a share of 21.6 per cent in developed countries where the other business
services have the first place with 23.2 per cent share in 2018. Moreover, transport services have
a larger share in developing countries, compared to the developed countries. The transport
sector is the third biggest services sector in the developed countries with a share of 15.9
whereas it ranks at second place in developing countries with 29.6 per cent share.
Regarding the sectoral breakdown of the OIC services exports, the total services exports are
mainly concentrated on two major sectors: travel and transport. The share of travel sector in the
OIC total commercial services exports is 43.7 per cent in 2018 whereas this sector has only 25
per cent share in the world services exports. Transport sector also gives a similar picture.
Although the share of transport sector in total services trade of the OIC is 29.6 per cent, it is only
17.7 per cent in global services exports. In total, the travel and transport sector dominate the
total commercial services trade of the OIC with 73.3 per cent share.
The most significant difference with respect to the composition of sectors in developing and
developed countries can be seen with regards to the charges for the use of intellectual property
(IP). Accordingly, the share of IP-related services export accounts for 9.5 per cent of developed
countries services exports while it is only about 1.2 per cent in the developing countries.
Moreover, the IP-related trade is predominantly possessed by the developed countries as. 92
per cent of the whole IP-related trade sector in the world realized by developed countries.
In the OIC, IP-related trade services constitute only 1.2 per cent, which is even lower than the
developing countries (1.8 per cent). Moreover, the share of financial services also gets much
higher share in developed countries (10.4 per cent) in comparison to the OIC (2 per cent).
22 Other business services cover research and development, professional and management consulting and technical, trade-
realted and other business services (UNCTADSTAT)