From 2005 to 2023, global trade in digitally delivered services* expanded at a compound annual growth rate (CAGR) of 8.2%, outpacing the...

- U.S. Services Trade (2023): $1,027 billion in exports, $748 billion in imports, and a $278 billion trade surplus. The surplus was...

From 1980 to 2011, global services trade grew at an annual growth rate (CAGR) of 7.9%, slightly outpacing the 7.3% growth in goods trade....

Services Exports as a Percentage of Total Exports (Goods + Services) In 2023, services accounted for 25% of global exports. Advanced...

Services Exports as a Percentage of Gross Domestic Product (GDP) In 2023, the global ratio of services exports to GDP stood at 7.6%....

Despite Service Sector Growth, India's Overall Trade Deficit Persists. In 2023, a Services Trade Surplus of $96 Billion Could Not Offset...

While U.S. travel exports (inward travel and tourism) remain below pre-pandemic levels, travel imports (outward travel and tourism) have...

In 2023, U.S. travel exports amounted to $176 billion, comprising $140 billion from personal travel (80% of the total) and $36 billion...

The U.S. services trade surplus decreased by 24% from February 2020 to June 2022, but increased by 27% from June 2022 to March 2024,...