CARIFORUM and UK EPA Study

ii.

Sectoral Analysis of UK Services Exports to CARIFORUM

Table 32: UK Total Services Exports to CARIFORUM by Sector (2008-2020) – US $ Millions

UK Total Services Exports to CARIFORUM by Sector (2008 - 2019)

Product/Sector

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019 2008-2019

Total Goods-related services

6

3 0 3

6 0 6

5 0 5

5 0 5

4 0 4

5 0 5

3 0 3

7 0 7

6 0 6

7 0 7

11

6 8

- Total Manufacturing Services on Physical Inputs Owned by CARIFORUM 0

0

-

- Total Maintenance and repair services n.i.e

6

11

6 8

Total Transport services Total Travel Services

251 228 761 157 141 14

230 192 718

261 221 737

246 243 710 153 111 5

303 291 694

374 353 723

430 265 752

230 257 550

176 183 529

167 163 616

232 245

282 3,182 292 2,933 1037 9,015

Total Other Commercial Services - Total Construction Services - Total Insurance and Pension Services

1188

9

13

4

10

8

6

8

4

4

10

9 5

175

117

199

103

82 41 22 52

89 51 21 24

74 43 44 45

142

484

276 2,051

- Total Financial Services

99 26 13

92 30 20

50 19 25

63 30 37

30 41 34

29 37 56

44 32 47

7 94 3 53 3 86

- Total Charges for the use of Intellectual Property n.i.e - Total Telecommunications, computer, and information services

26 16

25 17

- Total Other Business Services

389

384

434

380

380

461

519

346

291

345

564

606 5,099

- Total Personal, Cultural and Recreational Services

16

11

29

15

12

17

26

13

20

13

10

16

1 98

Total Commercial Services

1248

1148

1225

1204

1291

1460

1452

1045

898

952

1671

1621 15,215

Total Government goods and servics n.i.e

2

1

2

1

1

0

0

1

0

0

1

1

1 0

Total Services

1,249 1,149

1,227 1,205

1,292 1,461

1,452 1,046

898

952 1,671

1,622 15,224

Source: WTO Database.

Note: Differences between sub-totals and final totals reflect rounding errors at source.

The vast majority of the UK’s services exports to CARIFORUM during the period were concentrated in the non-goods and non-government related commercial services sectors. These were broadly covered under Transport, Travel and Other Commercial Services categories, with the “Other Business Services” 47 sub-heading representing the single largest group of services exported by the UK to CARIFORUM, amounting to US$5.1 billion or just above a third of the UK’s total services exports to the region.

This was followed by Insurance and Pension Services, within the Other Business Services sub heading, which accounted for almost 14% of the total. However, at the industry level, Transport

47 According to the Enhanced Balance of Payments System (EBOPS) 2010, Other Business services include Research and Development Services, Professional and Management Consulting services as well as Technical, Trade-related and Other Business services (of which Architectural, engineering, scientific and other services, waste treatment and de pollution, agricultural and other services, Operating leasing services, Trade-related services and Other Business services including employment services – search and placement) are components.

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