This analysis of the Global Share of Travel Services Imports in Services Imports by Country shows a wide range of dependency levels on travel services. Lesotho (74.09%) and Albania (73.05%) have the highest shares, indicating a significant reliance on travel services within their total service imports. Countries like Palestine, Ukraine, and Guinea-Bissau also exhibit high travel service import proportions. Conversely, larger economies like India (13.54%), the United States (15.14%), and Germany (18.78%) show much lower dependencies, suggesting a diversified service import portfolio.
Year-on-year (2023) variations reveal mixed trends:
- Significant positive growth in Angola (21.62%) and Egypt (8.05%) suggests increasing reliance on travel services.
- Substantial declines in Laos (-24.29%) and New Zealand (-14.59%) highlight decreased travel service imports.
- Moderate fluctuations are observed in larger economies, with the United States (-7.39%) and Germany (-5.83%) declining, reflecting potential shifts in travel behaviors.
Future trends to watch include the impacts of global political stability, economic shifts, and technological advancements on travel services. Emerging markets might show increasing travel service imports, while developed nations may continue to exhibit diversification in service imports. Monitoring recovery patterns post-pandemic and changes in global mobility will be crucial for understanding long-term trends.
Top countries in Share of Travel Services Imports in Services Imports by Country
| # | 10 Countries | Percent of Services Imports | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lesotho | 74.09 | 2023 | -0.12% | +1.34% | View data |
| 2 | 2 Albania | 73.05 | 2023 | -0.93% | +0.091% | View data |
| 3 | 3 Palestine | 58.05 | 2023 | +45.06% | +5.16% | View data |
| 4 | 4 Ukraine | 56.84 | 2023 | -20.3% | +0.85% | View data |
| 5 | 5 Guinea-Bissau | 54.1 | 2023 | +6.71% | +3.78% | View data |
| 6 | 6 Vanuatu | 51.26 | 2023 | +1.81% | +6.91% | View data |
| 7 | 7 Iraq | 49.95 | 2023 | +2.65% | +2.74% | View data |
| 8 | 8 Armenia | 49.87 | 2023 | +0.35% | -3.14% | View data |
| 9 | 9 Nepal | 48.8 | 2023 | +0.66% | +0.8% | View data |
| 10 | 10 Lebanon | 46.21 | 2023 | -11.23% | +1.15% | View data |
