Transport services (% of commercial service exports)
Countries By Transport services (% of commercial service exports)
Key points
- Djibouti has the highest percentage of transport services (% of commercial service exports) at 81.67%, indicating a strong reliance on transportation services for international trade.
- Guinea, on the other hand, has the lowest percentage at 0.14%, highlighting a significant underutilization of transport services in their commercial exports.
- The average percentage of transport services across all countries is 23.37%, showing the overall importance of transportation in facilitating global commerce.
- Countries with high percentages like Tajikistan (77.33%), Mongolia (58.97%), and Mauritania (55.89%) rely heavily on transport services for their commercial exports.
- Contrastingly, countries with lower percentages such as Haiti (0.60%), Guinea-Bissau (0.81%), and Liberia (0.42%) may have challenges or limitations in utilizing transport services effectively for international trade.
Official Definition of Transport services (% of commercial service exports)
Transport services (% of commercial service exports) covers all transport services (sea, air, land, internal waterway, space, and pipeline) performed by residents of one economy for those of another and involving the carriage of passengers, movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Excluded are freight insurance, which is included in insurance services; goods procured in ports by nonresident carriers and repairs of transport equipment, which are included in goods; repairs of railway facilities, harbors, and airfield facilities, which are included in construction services; and rental of carriers without crew, which is included in other services.
Importance
Transport services (% of commercial service exports) is a crucial macroeconomic statistic for any country. A low value of this statistic may indicate that the country is not efficiently utilizing its transport services for commercial exports. This could imply inefficiencies in the transportation sector, such as poor infrastructure, high transportation costs, or logistical issues, which can hinder the country's international trade competitiveness.
On the other hand, a high value of this statistic suggests that the country is effectively utilizing its transport services for commercial exports. This can be positive for the country's economy as it signifies efficient logistics, smooth transportation networks, and potentially lower export costs. It can also indicate strong trade relationships and connections with other economies, leading to increased export opportunities and economic growth.
Top 10 Countries by Transport services (% of commercial service exports)
Bottom 10 Countries by Transport services (% of commercial service exports)
Regions
Europe
Transport services (% of commercial service exports) varies significantly among the listed countries. Countries such as Greece, Lithuania, and Denmark stand out with high percentages, indicating strong reliance on transport services for their commercial exports. This points to well-developed transport infrastructure and potentially strong trade relationships. On the other hand, countries like Andorra, Ireland, and United Kingdom have lower percentages, suggesting a less pronounced role of transport services in their commercial exports. While high reliance on transport services can boost trade efficiency and competitiveness, it also exposes countries to risks such as transport disruptions or price fluctuations. Lower reliance may indicate diversified export channels but could also signal underdeveloped transport infrastructure hindering export competitiveness and growth.
Far East: East Asia, SE Asia, Australia
Transport services (% of commercial service exports) for the selected countries vary significantly. Mongolia stands out with the highest percentage at 58.97%, indicating a heavy reliance on transport services for commercial exports. Brunei and Singapore also have notably high percentages at 43.63% and 30.42% respectively, showcasing their strong transportation infrastructure and logistical capabilities. Conversely, Papua New Guinea and Australia have the lowest percentages at 4.34% and 6.58% respectively, suggesting potential inefficiencies or underdeveloped transport sectors. This statistic implies that countries with higher percentages have a more significant impact from disruptions in the transportation sector, affecting trade and overall economic development.
ASEAN
Transport services (% of commercial service exports) data for the listed countries indicate varying levels of reliance on transport services for commercial service exports. Brunei stands out with the highest percentage at 43.6%, followed by Singapore at 30.4%, Laos at 23.1%, Cambodia at 17.2%, and Indonesia at 17.0%. Malaysia, Thailand, and the Philippines have lower percentages, with Thailand at 10.9% being the lowest. Higher percentages suggest a stronger emphasis on transport services in international trade, potentially indicating good infrastructural development but also vulnerability to global transport disruptions. Lower percentages may imply diversified export sectors but could also hint at transportation infrastructure challenges that may limit export competitiveness and economic growth.
Latin America
The data on Transport services (% of commercial service exports) for the selected countries show a wide range of values, indicating varying degrees of reliance on transport services for exporting goods and moving passengers. Panama stands out with the highest percentage at 64.97%, highlighting its strategic position as a major transit hub. Chile and Ecuador also show significant reliance on transport services, while countries like Costa Rica and Honduras have lower percentages, possibly indicating less developed transport infrastructure. Advantages of high percentages include efficient logistics and connectivity, but disadvantages may include over-dependence on transport. This statistic's impact on each country's development lies in its ability to facilitate trade and economic growth, with implications for competitiveness and regional integration.
Middle East
Transport services (% of commercial service exports) data reveals significant disparities among the listed countries. High performers like Azerbaijan, Qatar, and Oman exhibit strong transport service sectors compared to others like State of Palestine and Lebanon. Countries with high percentages benefit from efficient transport networks, boosting trade and economic growth. However, heavy reliance on transport services can pose risks during global downturns, as seen in Bahrain and Saudi Arabia. For countries like Egypt and Georgia, moderate percentages indicate room for potential growth with proper infrastructure investments. Overall, this statistic signifies the vital role transportation plays in economic development, with opportunities and challenges varying for each country.
Rivals
Anglosphere v BRICS
Australia, with 6.58%, and the United Kingdom, with 6.39%, have the lowest transport services as a percentage of commercial service exports among the listed countries. China, with 25.04%, and the Russian Federation, with 33.77%, exhibit significantly higher reliance on transport services. Brazil, Canada, India, New Zealand, South Africa, and the United States fall in between. For countries with lower percentages, there may be a lack of competitiveness or investment in transportation infrastructure, impacting their global connectivity and trade efficiency. Conversely, those with higher percentages benefit from robust transportation networks but may face challenges such as higher operational costs and potential over-reliance on transportation for economic growth.
Russia v Ukraine
In terms of Transport services (% of commercial service exports), the Russian Federation has a higher percentage at 33.77% compared to Ukraine's 33.31%. This indicates that both countries heavily rely on transport services as a significant part of their commercial service exports. For Russia, the advantage lies in its vast landmass and strategic geographical location, offering extensive transportation routes. However, it may face challenges with infrastructure maintenance and bureaucratic hurdles. Conversely, Ukraine benefits from its agricultural exports but may struggle with political instability affecting transport networks. This statistic's impact on their development underscores the importance of efficient transportation systems for international trade competitiveness, with Russia having a slight edge in this aspect.
France v United Kingdom
France leads in the Transport services (% of commercial service exports) statistic with a value of 17.25%, indicating a significant reliance on transport services for their commercial exports. In contrast, the United Kingdom lags behind at 6.39%, suggesting a comparatively lower dependence on transport services for their commercial export sector. France's advantage lies in its well-established transport infrastructure, facilitating efficient movement of goods and passengers. However, this heavy reliance may also pose a risk during transport disruptions or uncertainties. For the United Kingdom, while they may have lower exposure to transport-related risks, there could be missed opportunities for further growth and efficiency in their export sector. This statistic's impact on development varies, with France benefiting from global connectivity but facing vulnerability to transport disruptions, while the United Kingdom may have more diversified export channels but potentially slower growth in this sector.
India v Pakistan
India has a Transport services (% of commercial service exports) value of approximately 10.27%, while Pakistan stands at around 13.70%. Pakistan has a higher percentage, indicating a relatively larger contribution of transport services to its commercial service exports compared to India. For India, this lower percentage may imply a more diversified portfolio of commercial services, potentially reducing over-reliance on the transport sector. However, India may also be missing out on maximizing the earning potential from transport services. In contrast, Pakistan's higher percentage suggests a specialization in and possibly a competitive advantage in the transport sector, but this could also mean vulnerability to fluctuations in the industry. The impact of this statistic on development varies; for India, it may indicate a more balanced economy, while for Pakistan, it highlights a sector of strength that could be further leveraged or diversified for sustainable growth.
Turkey v Greece
In terms of Transport services (% of commercial service exports), Greece leads with 60.84%, while Turkey follows with 42.47%. Greece's high percentage indicates a strong reliance on transport services for its commercial service exports, showcasing a well-developed transport infrastructure. This could lead to increased trade efficiency and competitiveness but may also expose the economy to risks related to transportation disruptions. On the other hand, Turkey's lower percentage suggests a less pronounced emphasis on transport services in its export sector, potentially indicating opportunities for growth and improvement in its transport infrastructure. The data reflects Greece's established transport network contributing significantly to its economic development, while Turkey may have room for further investment and enhancement in this area to boost its export competitiveness.
China v Japan
In terms of transport services (% of commercial service exports), China, People's Republic of leads with a percentage of 25.04%, while Japan lags behind at 13.07%. China's higher percentage indicates a greater reliance on transport services as a portion of its commercial service exports compared to Japan. This suggests that China likely has a larger transportation infrastructure and industry to support its export activities. However, this heavy reliance on transport services could make China more vulnerable to fluctuations in transportation costs or disruptions. On the other hand, Japan's lower percentage may indicate a more diversified export base with lower dependence on transportation services, potentially providing more stability in the face of transport-related challenges. For China, further investment and improvement in transport infrastructure could enhance its export competitiveness but also increase exposure to transport risks. Japan, with its more diverse export portfolio, may have a more balanced risk profile but could consider investing more in transport services to potentially boost export efficiency.
FAQs
- Which country has the most Transport services (% of commercial service exports)?
Answer: Djibouti has the highest value with 81.67%. - Which country has the least Transport services (% of commercial service exports)?
Answer: Guinea has the lowest value with 0.14%. - What is the average Transport services (% of commercial service exports) among the listed
countries?
Answer: The average value is 23.37%. - How is Transport services (% of commercial service exports) calculated?
Answer: Transport services (% of commercial service exports) covers all transport services performed by residents of one economy for those of another involving the carriage of passengers, movement of goods, rental of carriers with crew, and related support services. - Which region shows a higher tendency towards Transport services (% of commercial service
exports)?
Answer: Central Asian countries like Tajikistan and Uzbekistan exhibit a higher inclination towards transport services export as seen in their relatively high percentages.