The export of transport services in Australia has been marked by a general decline from 2013 to 2022. Key periods of decline were observed between 2013-2019 with an annual average decrease of 4.5%, and sharp drops in 2020 (-16.65%) and 2023 (-11.47%). Despite a 15.34% recovery in 2022, the long-term trend remains negative with a 5-year CAGR of -4.24%. Forecasting from 2024-2028 predicts an average annual contraction of 6.78%, culminating in a 29.59% reduction in value by 2028.
Future Trends to Watch: Future projections suggest a continued decline in transport services exports. Key factors to monitor include global trade dynamics, technological advancements in transport, and Australia's international trade agreements.
