International trade

World services exports increased by 9.1% year-on-year in Q3 2025, carrying on their strong rise registered in the quarter before. International travel sales increased by 9.1%, while exports of services other than transport and travel - most of which can be traded digitally - witnessed even 11.4% growth. By contrast, global trade in transport services remained almost constant (+0.8% YoY), marking a continuation of the slowdown in growth observed over the last year.

The quarter-on-quarter seasonally adjusted growth rate of services exports was estimated at 3.1% in Q3 2025, following a 4.9% rise (QoQ-SA) in the previous quarter.

These statistics are based on official reporting of more than 150 economies, representing over 85% of the global services trade. 

The third quarter of 2025 witnessed a decrease of exports of transport services from Latin America and the Caribbean (-4.9%) and from Asia (-3.5%), while travel services exports declined in Northern America (-2.5%). Other regions recorded a travel exports increase, scoring 11.7% in Europe, 10.6% in Asia, and 7.3% in Latin America and the Caribbean, year-on-year. 

Services other than transport and travel - most of which are digitally tradable - continued thriving in all regions. In Q3 2025, the highest exports growth of this group of services was registered in Asia (+11.8%), followed by Europe (+11.6%), Latin America and the Caribbean (+10.1%), and Northern America (+9.7%).