Transport services (% of service exports, BoP)

This indicator reflects the proportion of total service exports attributed to various transport services provided by domestic entities to foreign clients. It encompasses a broad spectrum of activities, including but not limited to maritime, aerial, terrestrial, and space transport, as well as the transmission of electricity. These services facilitate the movement of passengers and goods, oversee the rental of transportation vehicles with crews, and offer essential auxiliary and support functions. Furthermore, it accounts for postal and courier operations while consciously excluding aspects like freight insurance, procurement by nonresident carriers, and equipment maintenance. Understanding this metric is crucial for analyzing a country's economic integration and its role in global trade dynamics, particularly in assessing how effectively it capitalizes on its transport infrastructure and capabilities. Source: