BOX 11-A
Components of Service Trade
Exports of freight transportation services occur
when a
U.S.
carrier receives payments from a foreign company
or individual for transporting merchandise. Imports of freight transportation
services occur when a
U.S.
company
or individual pays a foreign carrier for
transporting merchandise. Similarly,
U.S.
exports of port services occur when foreign carriers purchase services and
goods (e.g., fuel) at
U.S.
airports and seaports.
U.S.
imports of port services occur when a
U.S.
carrier purchases services and goods at ports in foreign countries. For
passenger travel services, exports consist of fares received by
U.S.
carriers from foreign residents for travel between the
United
States
and foreign countries and
between two foreign points. Imports of travel services consist of fares paid by
U.S.
residents to foreign carriers for travel between the
United
States
and foreign countries.
Source
U.S.
Department of Commerce,
Bureau of Economic Analysis, Survey of Current Business, November 2001.
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