Jose Rodriguez Q.
Cross-border supply
A00516963
International trade in services plays an
increasingly large role in the world
economy and in everyday life.
Everybody takes part of this when we
purchase the new smartphone or
when we eat on a trend restaurant
Global trade in commercial services
was worth US$ 13.3 trillion in 2017.
Trade in services has expanded by 5.4
per cent per year on average since
2005, faster than the 4.6 per cent
yearly expansion of trade in goods.
Modes of supply
Trends
Services Trade
Global Trade
Services in global
value chains
Value added in services production
Services value-added constitutes 90 per cent of
services exports, while the value-added of
manufacturing and primary activities account
for the remaining 10 per cent.
Consumption abroad
Commercial presence
Presence of natural
persons
Developing Economies
Who trade MSME's Participation
services?
Women Participation
is positively correlated with economic
development. In 2018, in developed
economies, 87 per cent of working
women were employed in services,
compared to only 28 per cent in LDCs,
where agriculture remains the main
sector of employment.
Value added in manufacturing
exports
In developed economies, due to a higher
degree of servicification, services value-added
accounted in 2015 for 33 per cent of
manufacturing exports compared to 29 per
cent in developing countries.