CARIFORUM and UK EPA Study

maintaining a positive trade in services surplus of just over US$81 billion during the twelve (12) year period of assessment (See Table 25 below) . This represented gross annual services exports of around US$236 billion, compared to approximately US$155 billion worth of imports over the period.

Table 25: CARIFORUM’s Total Annual Services Trade (2008-2019) – US$ Millions

CARIFORUM's Total Annual Services Trade (2008-2019) - US$Millions

Direction of Services Trade

This meant that CARIFORUM’s total trade in services was equivalent to just over 5.6% of the Ur eKl a’ st i gv re osscsa lteo toaf l bcortohs sm- ba or kr de tesr asnedr vt hi cee sg rter aa tnesravc ut ilonnesr ,a bb yi l i ct yo mo fpCaAr iRs IoFnO, Rt hUuMs teomf lpuhcat us iazti inogn st hi ne global trade in services trends. 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008-2019 CARIFORUM's Total Annual Services Exports 17,494 16,162 15,511 16,223 17,093 17,519 20,212 20,835 22,144 22,741 24,507 25,478 235,919 CARIFORUM Total Annual Services Imports 9,303 8,212 9,487 12,189 13,042 13,091 14,315 14,066 14,657 15,224 15,528 15,685 154,799 Services Trade Balance (Exports - Imports) 8,191 7,950 6,024 4,034 4,051 4,428 5,897 6,769 7,487 7,517 8,979 9,793 81,120 CARIFORUM Total Annual Services Trade 26,797 24,374 24,998 28,412 30,135 30,610 34,527 34,901 36,801 37,965 40,035 41,163 390,718 Source: WTO Statistical Database

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