Germany ranked first in exports in 2018 and the United States in imports By Investing.com

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Investing.com- TurkStat published the International Service Trade Statistics 2018 report.

Service exports were $ 33.8 billion in 2018, and imports were $ 23.3 billion

According to the International Service Trade Statistics, service exports were $ 27.6 billion in 2016, increasing by 12.4% in 2017 to $ 31.0 billion, and in 2018 increased by 9.0% to $ 33.8 billion.

While service imports were $ 21.0 billion in 2016, it increased by 6.2% in 2017 to $ 22.3 billion, and in 2018 it increased by 4.5% to $ 23.3 billion.

Transportation services constitute the biggest share in service exports

According to the Expanded Balance of Payments Classification of Services, the share of transportation in total exports was 73.0% in 2018. The “Other business services” sector was in the second place with 8.1% and “Telecommunication, computer and information services” sector was the third with 4.3%.

Transport services exports increased

While exports in transportation services, which accounted for nearly three-quarters of service exports in 2016, were $ 19 billion 734 million, increased by 12.1% in 2017 to $ 22 billion 123 million and increased by 11.5% in 2018 to $ 24 billion 664 million. .

Transport ranked first in import of services

The share of transportation in total imports was 38.8% in 2018. “Other business services” with 21.4% in second place, 9% in third place

The highest service exports and imports were made with the European continent.

countries on the European continent, Turkey became the country’s services export and import group who took the lead. With 49.6% share in service exports in 2016, 51.1% in 2017 and 52.9% in 2018; In service imports, the European continent ranked first with a share of 56.7% in 2016 and 2017 and 54.7% in 2018.

Service exports to the European Union and EFTA countries in 2018 were $ 15 billion 766 million, while exports to other European countries were $ 2 billion 100 million. In imports, in 2018, imports from the European Union and EFTA countries were $ 11 billion 975 million, while imports from other European countries were $ 781 million.

Europe (European Union and EFTA countries) became the largest group of countries in service trade

Europe (European Union and EFTA countries) became the group with the largest share in total service exports with 46.6%. It was seen to be million dollars. The “Telecommunications, computer and information services” sector took place with 3.

Germany ranked first in exports and the United States in imports

In 2018, Germany ranked first with 12.7% share in exports and exports of 4 billion 280 million dollars, while the United States ranked second with 7.9%, and the United Kingdom with third place with 5.4%.

In imports, the United States took the first place with a share of 10.3% and an import of $ 2 billion 396 million, while Germany took the second place with a share of 8.9% and the United Kingdom with a share of 7.9%.