World Commercial Services Trade Rises 12% in Q2, Brazil, Russia, Switzerland and India Lead

According to the latest WTO data, world exports in commercial services increased by 12% in the third quarter of 2011 compared to the same quarter of 2010 (balance-of-payments basis, current price, not seasonally adjusted). Overall, in the first nine months of 2011, exports of commercial services grew by 13% year-on-year.

1. World exports of commercial services by selected region, Q1-Q2 2011

(percentage change, year-on-year)

2. Quarterly trade in commercial services by selected region/economy

(percentage change, year-on-year)

Exports

Imports

Q1 2011

Q2 2011

 

 

 

Q1 2011

Q2 2011

11

16

World

10

15

10

12

North America

7

8

11

12

United States

6

6

9

12

Canada

9

13

8

19

Europe

6

15

9

17

European Union 27 - extra

7

11

30

23

Switzerland

17

23

19

14

Asia

16

16

26

9

China

25

21

15

-1

Japan

10

2

27

16

India

14

18

17

14

Singapore

19

16

Other economies

17

29

Brazil

23

33

13

25

Russian Federation

22

33

9

1

South Africa

14

19

 

 

 

 

 

 

 

Note: World and regional aggregates are based on available reporters, covering around 95 per cent of trade in commercial services.