WTO | News - Leading exporters and importers in world trade in commercial services, 1994

Appendix :Table 3
(Billion dollars and percentage)

Rank	EXPORTERS	Value	Share	Change in value in 1994	Rank	IMPORTERS	Value	Share	Change in value in 1994
1	United States	178 .2	16 .5	7	1	United States	125 .0	12 .0	10
2	France	89 .1	8 .3	5	2	Japan	109 .2	10 .5	10
3	Italy	59 .1	5 .5	4	3	Germany	98 .8	9 .5	7
4	United Kingdom	58 .6	5 .4	7	4	France	69 .9	6 .7	3
5	Japan	57 .2	5 .3	9	5	Italy	58 .0	5 .6	2
6	Germany	53 .1	4 .9	1	6	United Kingdom	50 .8	4 .9	13
7	Netherlands	39 .6	3 .7	8	7	Netherlands	38 .0	3 .6	7
8	Belgium-Luxembourg	36 .3	3 .4	16	8	Belgium-Luxembourg	33 .8	3 .2	15
9	Spain	33 .7	3 .1	11	9	Canada	26 .1	2 .5	-5
10	Hong Kong	31 .6	2 .9	13	10	Austria	21 .3	2 .0	2
11	Austria	28 .8	2 .7	0	11	Chinese Taipei	21 .1	2 .0	0
12	Singapore	22 .9	2 .1	26	12	Korea, Rep. of	20 .2	1 .9	23
13	Switzerland	22 .8	2 .1	6	13	Hong Kong	18 .4	1 .8	16
14	Korea, Rep. of	18 .8	1 .7	28	14	Spain	18 .4	1 .8	0
15	Canada	18 .4	1 .7	4	15	Thailand	15 .9	1 .5	26
16	China	16 .2	1 .5	48	16	China	15 .7	1 .5	36
17	Australia	14 .1	1 .3	18	17	Australia	15 .5	1 .5	15
18	Chinese Taipei	13 .5	1 .2	-1	18	Sweden	14 .4	1 .4	8
19	Denmark	13 .4	1 .2	6	19	Norway	14 .3	1 .4	4
20	Sweden	13 .4	1 .2	9	20	Russian Federation	13 .8	1 .3	8
21	Norway	13 .0	1 .2	4	21	Singapore	12 .9	1 .2	21
22	Thailand	11 .3	1 .0	9	22	Switzerland	12 .7	1 .2	10
23	Turkey	10 .7	1 .0	2	23	Saudi Arabia	12 .5	1 .2	-10
24	Greece	9 .1	0 .8	12	24	Mexico	12 .1	1 .2	3
25	Mexico	8 .6	0 .8	3	25	Denmark	12 .0	1 .2	13
26	Egypt	7 .7	0 .7	9	26	Brazil	9 .8	0 .9	7
27	Russian Federationa	6 .9	0 .6	8	27	Indonesia	9 .5	0 .9	8
28	Portugal	6 .5	0 .6	-1	28	Malaysia	8 .7	0 .8	11
29	Israel	6 .4	0 .6	6	29	Israel	8 .0	0 .8	15
30	Malaysia	6 .4	0 .6	26	30	Indiaa	7 .6	0 .7	13
	Total of above	905 .3	84 .1	--		Total of above	904 .4	86 .7	--
	World	1077.1	100.0	--		World	1042.7	100.0	--

a Secretariat estimates.

Note:
As from January 1996, the IMF began compiling Balance of Payments Statistics according to the Fifth Edition of the Balance of Payments Manual, which has been harmonized to the extent possible with National Account Statistics (1993). As a result, WTO data on commercial services have undergone a substantial revision. The product coverage of trade in goods in BOP statistics has become very similar to that used in customs statistics (for example, processing trade and bunkers). Comparability between the national data and BOP statistics has improved as definitions of some transactions have been clarified, leading to a more uniform application of the guidelines. BOP statistics also now provide more detail on commercial services transactions and an extended capital and financial account section.

The impact of these changes on the WTO's commercial services data are (a) a lower "world total" for commercial services and (b) some major revisions in the ranking of the principal services traders as the repercussions of these changes affect countries differently. The accuracy of historical comparisons is also affected, as many of these changes cannot be taken fully into account for preceding years. Moreover, as countries are implementing these recommended guidelines only gradually, commercial services data will remain subject to further revisions in the near future. Because some countries had begun implementing these changes when compiling statistics for 1994, the figures in this table reflect, to a degree, the new definitions.