International trade

World services exports increased by 8.9% year-on-year in Q2 2025, at a higher pace than in the quarter before. Transport exports rose by 3.6%, while other main services categories recorded higher growth. International travel sales increased by 9.8% and all other services (excluding transport and travel) marked a 9.7% rise. The figures are based on official reporting of more than 150 economies, representing over 85% of the global services trade. 

The quarter-on-quarter seasonally adjusted growth rate of services exports was estimated at 4.9% in Q2 2025, after -1.0% in the previous quarter.

In Q2 2025, Latin America and the Caribbean recorded a drop of 5% in transport services exports compared to Q2 2024. This is mainly due to the slowdown registered in Brazil and Mexico, but also in other countries of the region. In other parts of the world, transport exports increased by 5.1% (Northern America), 3.7% (Europe), and 3.4% (Asia).

In international travel receipts, Northern America witnessed a slower growth than other world regions during Q2 2025. While Europe registered growth of 12.0%, Asia of 11.8%, and Latin America and the Caribbean of 7.2%, Northern America recorded only a modest 1.1% rise.

Exports of services other than transport and travel witnessed a solid growth from April to July this year across the globe. At world level, these services, most of which can be digitally traded over computer networks, have registered at least 7% year-on-year quarterly growth since the start of 2023.