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$)
1960 21270841043.244
1961 19587140264.501
1962 20761282398.218
1963 22843116724.329
1964 25749619801.447
1965 27257497723.907
1966 29570952145.511
1967 31319008335.68
1968 34739372110.349
1969 39668835703.056
1970 45514116403.761
1971 53787535846.622
1972 65465631594.866
1973 91335472342.266
1974 131088012372.19
1975 134788651435.44
1976 162146042492.87
1977 190940770013.45
1978 226971854406.99
1979 271225346361.65
1980 343396266640.84
1981 390135735587.75
1982 372829776344.58
1983 388318324097.02
1984 440794558285.86
1985 443532281244.59
1986 500084085011.18
1987 599925476664.47
1988 725413648299.61
1989 786016487902.18
1990 845034643239.71
1991 954522090373.72
1992 1061855334911.3
1993 1162648190964.9
1994 1339332929040.4
1995 1581447222740.9
1996 1643771249246.7
1997 1729044768381.7
1998 1583755857540.1
1999 1674872683426.9
2000 1982021274874.1
2001 1831112410376.4
2002 1967245222444
2003 2299426239013.6
2004 2859452856216.2
2005 3298126856817.8
2006 3840447571615.4
2007 4477763937958.2
2008 5112319810885.8
2009 4285776178139.4
2010 5479422313608.7
2011 6458661222182.5
2012 6747043951095.1
2013 6937774982946.9
2014 7134247237887.3
2015 6645537571627.6
2016 6410609344571.3
2017 7098111939036.5
2018 7708810811053.7
2019 7547188969179.1
2020 7233654751103.9
2021 9053342043773.1
2022 9628290624043.3
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