Transport services (% of service imports, BoP)

This indicator reflects the proportion of service imports attributed to transport services within the balance of payments, encompassing a broad spectrum of activities essential for international connectivity. It includes not only traditional modes such as maritime, aviation, and land transport but also emerging sectors like space transportation and electricity transmission. The scope extends to passenger movement, freight logistics, and ancillary services, highlighting the importance of seamless cross-border transport operations. Additionally, it captures the dynamics of postal and courier services, crucial for global trade and communication. Notably, the indicator omits specific components like freight insurance and maintenance services, underscoring its focus on direct transport activities and their economic impact on international trade. Source: