Continuing to browse our website indicates your consent to our use of cookies. For more information, see our Privacy policy.

Sustainable trade

International trade in services 2020 Quarter 1


Published 11 September 2020 | 1 minute read

Download the UNCTAD's report international trade in services 2020 quarter one for the latest information about services in global trade. The report covers international trade in services.

This UNCTAD International Trade in Services 2020 Quarter 1 provides statistical data and an overview of services in global trade in the first quarter of 2020.

International trade in services

With the COVID-19 pandemic in Q1-2020, global services trade dropped heavily, by -7.6^ year-on-year, measured in current US$.

In seasonally adjusted terms, the quarter-to-quarter decline is estimated at -7.3%. As expected, the hardest hit service sector was travel that slumped by -24.4% year-on-year. Transport dropped by -8.6%. Other services, many of which can be traded remotely, resisted the crisis better and fell by -2% year-on-year.

© The Hinrich Foundation. See our website Terms and conditions for our copyright and reprint policy. All statements of fact and the views, conclusions and recommendations expressed in this publication are the sole responsibility of the author(s).


Author

UNCTAD

UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Their headquarters are located in Geneva, Switzerland, and they have offices in New York and Addis Ababa.

Articles by this expert

View bio

Have any feedback on this article?

contact us

BACK TO TOP