Three large countries dominate world trade in both service importation and service export. It is the U.S., Britain and Germany.
On the top of the list is the USA which has over 14 percent of the total service exports and just below 11 percent of service imports. Thereafter are industrialized countries in Europe and Japan.
Although China's economy stands for a small proportion of the service industry, a high growth during the period from the years 2000 - 2007 is recognized. During this period, China's service exports increased by 22 percent and service imports by 20 percent per year.
Below are the top 10 within service import and service export.
Exporter Value Share (%) Yearly
(Billion USD) procentual
change
(2000-2007)
1. USA 456 13.9 7
2. Great Britain 273 8.3 13
3. Germany 206 6.3 15
4. France 137 4.2 8
5. Spain 128 3.9 14
6. Japan 127 3.9 9
7. China 121 3.7 22
8. Italy 111 3.4 10
9. India 90 2.7 28
10. Ireland 89 2.7 25
.
18. Sweden 64 1.9 18
World 3290 100 12
Importer Value Share (%) Yearly
(Billion USD) procentual
change
(2000-2007)
1. USA 336 10.9 7
2. Germany 251 8.1 10
3. Great Britian 194 6.3 10
4. Japan 149 4.8 5
5. China 129 4.2 20
6. France 124 4.0 11
7. Italy 118 3.8 12
8. Spain 98 3.2 17
9. Ireland 94 3.1 17
10. Netherlands 87 2.8 8
.
18. Sweden 48 1.5 11
World 3085 100 12
Source: WTO International Trade Statistics
Service trade can be divided into four different modes of supply.
Delivery approach 1
Cross-border trade means that a service is delivered to another country. This refers to services which are categorized as mobile services, and is the delivery approach that is reminiscent of trade. An example of cross-border trade is the sale of consulting services via the Internet between the two countries.
Delivery approach 2
Consumption abroad is when a country's consumers go to another country to consume the service, such as tourism.
Delivery Approach 3
Local establishment means that services are delivered by the fact that the provider establishes in another country and thus provide the foreign market (sales through foreign affiliates). In the statistics, this approach is usually not included.
Delivery Approach 4
Temporary personal mobility means that the delivery is made by a person is temporarily staying in another country, for example, an IT expert carrying out temporary work in another country.
Finally, it should be mentioned that the growth of the Swedish service exports were for the period 2000 - 2007 higher than the imports, 18 percent compared with 11 percent. The corresponding figures for Swedish goods development were exports 10 percent and imports 11 percent.
The Swedish trade services have in the past decade has grown faster than the Swedish trade of goods.
Tony Harken
Source
Swedish National Board of Trade - Visit them
here