East Asia & Pacific | Exports of goods and services (current US$)
Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
East Asia & Pacific
Records
63
Source
East Asia & Pacific | Exports of goods and services (current US$)
21270841043.244 1960
19587140264.501 1961
20761282398.218 1962
22843116724.329 1963
25749619801.447 1964
27257497723.907 1965
29570952145.511 1966
31319008335.68 1967
34739372110.349 1968
39668835703.056 1969
45514116403.761 1970
53787535846.622 1971
65465631594.866 1972
91335472342.266 1973
131088012372.19 1974
134788651435.44 1975
162146042492.87 1976
190940770013.45 1977
226971854406.99 1978
271225346361.65 1979
343396266640.84 1980
390135735587.75 1981
372829776344.58 1982
388318324097.02 1983
440794558285.86 1984
443532281244.59 1985
500084085011.18 1986
599925476664.47 1987
725413648299.61 1988
786016487902.18 1989
845034643239.71 1990
954522090373.72 1991
1061855334911.3 1992
1162648190964.9 1993
1339332929040.4 1994
1581447222740.9 1995
1643771249246.7 1996
1729044768381.7 1997
1583755857540.1 1998
1674872683426.9 1999
1982021274874.1 2000
1831112410376.4 2001
1967245222444 2002
2299426239013.6 2003
2859452856216.2 2004
3298126856817.8 2005
3840447571615.4 2006
4477763937958.2 2007
5112319810885.8 2008
4285776178139.4 2009
5479422313608.7 2010
6458661222182.5 2011
6747043951095.1 2012
6937774982946.9 2013
7134247237887.3 2014
6645537571627.6 2015
6410609344571.3 2016
7098111939036.5 2017
7708810811053.7 2018
7547188969179.1 2019
7233654751103.9 2020
9053342043773.1 2021
9628290624043.3 2022
East Asia & Pacific | Exports of goods and services (current US$)
Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
East Asia & Pacific
Records
63
Source