22 October 2013
According to preliminary estimates by UNCTAD and WTO, world exports of services grew by 5% in the second quarter of 2013, as compared with the same quarter of 2012 (balance-of-payments basis, current prices). The estimates point to a continued recovery in the global exchange of services.
The drop in international trade in services in the second quarter of 2012 was primarily caused by weaker exports of European economies, which have since recovered and caught up with the world average.
Furthermore, the figures indicate that the global increase in services trade observed in quarter two of 2013 was also sustained by Asia and Oceania (6%) and North America (5%).