Published 09 March 2020
World services trade reached US$6.2 trillion in 2019, representing 24% of total international trade in both goods and services.
Measured in current US$, global trade in services rose modestly by 2%. Most regions witnessed relatively comparable export growth, the highest recorded in Asia and Oceania (3.1%). On the imports side, the growth reported was more uneven. In 2019, Europe’s imports went 5% up, while those of Latin America and the Caribbean dropped by 4%. Asia and Oceania also imported less, by 1.4%.
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UNCTAD
UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Their headquarters are located in Geneva, Switzerland, and they have offices in New York and Addis Ababa.
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