At a glance: World commercial services trade in 2024
An illustration from The Business Standard depicting the various modes of transport involved in global commercial services trade, which grew to $8.8 trillion in exports in 2024. | Illustration: Ashrafun Naher Ananna/TBS Creative
Commercial services refer to trade service sub-categories such as transport, travel, finance, ICT, and various business services. In 2024, global commercial services exports rose to $8.8 trillion, up 10% from $8 trillion in 2023; global commercial services imports reached $8 trillion, marking an 8.1% increase from the previous year.
This infographic details the top exporters and importers of commercial services in 2024, with the United States leading both lists with a 12.8% and 10.2% global share, respectively.
Source: World Trade Organization
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