3 SERVICES
for periods indicated
in million U.S. dollars
	2023 p													Q1	Q2	Q3		Q4			Growth (%)		Jan-Dec			Growth (%)
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec						2022 r	2023 p		2023 p		2022 r	2023 p		2023 p
Services	1,521	1,453	1,724	1,912	961	1,317	1,946	1,707	1,415	1,929	1,764	1,469		4,698	4,190	5,069		5,345	5,163		-3.4		15,895	19,120		20.3
Exports	3,737	3,424	4,145	4,099	3,413	3,774	4,450	4,006	4,031	4,511	4,311	4,384		11,307	11,285	12,486		12,335	13,206		7.1		41,122	48,285		17.4
Imports	2,217	1,971	2,421	2,187	2,452	2,456	2,503	2,299	2,615	2,581	2,547	2,915		6,609	7,095	7,418		6,990	8,043		15.1		25,226	29,165		15.6
Manufacturing services on physical inputs owned by others	352	314	410	384	445	449	453	444	475	403	385	398		1,077	1,277	1,373		1,446	1,186		-18.0		5,443	4,913		-9.7
Exports	352	314	410	384	445	449	453	444	475	403	385	398		1,077	1,277	1,373		1,446	1,186		-18.0		5,443	4,913		-9.7
Imports	0	0	0	0	0	0	0	0	0	0	0	0		0	0	0		0	0		--		0	0		--
Maintenance and repair services n.i.e.	-3	-2	-7	-7	-10	-12	-20	-11	-5	-9	-32	-35		-12	-29	-36		-30	-76		-155.5		-70	-153		-119.6
Exports	8	9	9	9	7	6	8	9	11	8	8	8		26	22	27		33	25		-24.6		112	100		-10.2
Imports	11	11	16	16	17	18	28	20	15	17	41	44		38	51	63		62	101		61.5		181	253		39.7
Transport	-428	-273	-384	-248	-399	-383	-357	-296	-221	-283	-380	-331		-1,085	-1,030	-874		-1,046	-994		5.0		-3,967	-3,982		-0.4
Exports	254	207	264	278	194	232	226	267	333	349	224	212		724	704	826		708	785		10.9		2,688	3,040		13.1
Imports	681	480	648	525	593	616	583	563	554	632	604	543		1,809	1,734	1,700		1,754	1,779		1.4		6,655	7,022		5.5
of which: Passenger	58	56	99	130	12	50	46	80	65	85	33	46		213	191	191		132	163		23.8		520	758		45.6
Exports	114	107	161	185	68	104	123	150	136	147	94	113		381	356	409		305	354		16.1		1,065	1,501		41.0
Imports	56	50	62	55	56	54	77	70	72	63	61	67		168	166	219		173	191		10.2		544	743		36.5
of which: Freight	-515	-339	-473	-386	-418	-437	-385	-390	-384	-420	-430	-397		-1,328	-1,241	-1,158		-1,265	-1,247		1.5		-4,986	-4,974		0.3
Exports	52	48	55	41	55	56	51	53	57	57	54	49		155	153	162		204	160		-21.4		760	630		-17.2
Imports	567	387	529	427	474	493	436	443	440	477	484	447		1,483	1,394	1,320		1,469	1,407		-4.2		5,746	5,603		-2.5
of which: Other	30	11	-10	9	8	4	-18	14	98	52	17	21		30	20	94		88	89		2.2		498	233		-53.2
Exports	88	53	47	52	71	72	52	64	140	145	76	50		188	195	256		199	271		35.8		863	909		5.4
Imports	58	42	58	43	63	69	70	50	43	93	59	29		158	174	162		112	181		62.2		364	676		85.6
Travel	186	173	386	473	-222	-6	774	39	-41	487	62	142		745	246	772		497	691		39.0		-744	2,455		430.0
Exports	664	605	918	1,020	337	532	1,375	583	517	1,102	663	803		2,186	1,889	2,475		2,114	2,568		21.5		4,174	9,118		118.5
Imports	478	431	531	547	559	537	601	544	558	615	601	661		1,440	1,643	1,703		1,616	1,877		16.1		4,918	6,664		35.5
Construction	-2	-1	-1	-2	-2	-6	-17	7	-5	-7	-3	-55		-4	-10	-15		-2	-65		-2,588.5		16	-94		-675.3
Exports	3	7	5	7	14	8	7	17	15	15	11	12		16	29	39		18	38		104.4		74	121		64.1
Imports	6	8	7	9	16	13	24	10	19	22	14	67		20	38	54		21	103		393.9		57	214		274.1
Insurance and pension services	-160	-130	-173	-143	-187	-160	-159	-156	-149	-170	-169	-156		-463	-491	-464		-443	-495		-11.8		-1,893	-1,913		-1.0
Exports	8	5	5	4	8	7	11	7	8	7	6	9		18	19	26		22	23		2.7		100	86		-13.8
Imports	167	136	178	148	195	167	170	163	157	177	175	165		481	510	490		465	517		11.4		1,993	1,999		0.3
Financial Services	-40	-47	-66	-37	-75	-73	-60	-75	-119	-117	-182	-237		-153	-184	-254		-305	-535		-75.7		-752	-1,126		-49.8
Exports	27	20	27	17	17	24	28	21	41	27	20	39		73	58	90		78	86		10.3		244	307		26.1
Imports	67	67	92	54	92	97	88	96	159	144	202	275		226	243	344		383	622		62.4		996	1,434		44.0
Explicitly charged and other financial services	3	1	-3	-1	-5	-11	-15	-31	-54	-59	-102	-164		.	-17	-100		-205	-325		-58.4		-469	-442		5.7
Exports	14	7	7	4	6	10	12	6	20	12	11	27		29	20	39		33	50		51.9		115	137		18.4
Imports	11	6	10	5	11	20	27	37	75	71	113	191		28	37	139		238	375		57.5		584	579		-1.0
Financial intermediation services
indirectly measured (FISIM)	-43	-48	-62	-35	-70	-62	-46	-44	-64	-58	-80	-73		-153	-168	-154		-99	-210		-111.5		-283	-684		-141.8
Exports	13	12	19	13	11	14	15	15	20	16	9	12		45	38	51		45	37		-19.6		128	171		33.1
Imports	56	60	82	48	81	77	61	59	84	74	88	85		198	206	205		145	247		70.4		411	855		107.9
Charges for the use of intellectual property n.i.e	-35	-68	-45	-41	-38	-22	-28	-28	-21	-30	-38	-27		-148	-101	-78		-145	-95		34.8		-539	-421		21.8
Exports	1	.	1	5	1	3	9	7	2	1	.	1		2	8	17		3	3		-17.7		12	30		148.1
Imports	36	68	46	46	39	24	37	35	23	31	39	28		150	109	95		149	97		-34.4		551	452		-18.0
Telecommunications, computer, and
information services	429	407	411	395	452	382	421	427	384	484	511	459		1,248	1,229	1,232		1,229	1,454		18.3		4,591	5,162		12.4
Exports	583	560	563	514	600	576	595	580	585	618	670	654		1,706	1,690	1,760		1,791	1,942		8.4		6,673	7,098		6.4
Imports	154	152	152	119	147	195	174	153	201	133	160	195		458	462	528		562	488		-13.2		2,082	1,936		-7.0
Telecommunication services	-39	-40	-21	4	-27	-65	-27	-30	-12	-10	-18	-37		-100	-88	-69		-186	-64		65.3		-686	-321		53.2
Exports	32	25	32	36	35	33	40	39	35	43	54	32		88	104	114		104	129		23.7		393	435		10.5
Imports	71	65	52	32	61	98	67	69	47	53	71	69		188	192	183		290	193		-33.3		1,080	756		-30.0
Computer services	472	453	437	401	496	474	474	462	400	498	536	504		1,363	1,371	1,336		1,426	1,538		7.9		5,335	5,608		5.1
Exports	551	534	531	478	565	543	554	541	549	574	616	622		1,617	1,585	1,644		1,686	1,812		7.5		6,276	6,658		6.1
Imports	79	81	94	77	69	68	81	79	149	76	81	117		254	214	308		259	274		5.7		941	1,051		11.6
Information services	-5	-5	-6	-9	-17	-28	-26	-5	-5	-4	-7	-8		-16	-54	-35		-12	-20		-65.6		-57	-124		-117.5
Exports	.	1	.	.	.	1	.	.	1	.	.	1		1	1	2		1	1		-25.4		4	5		31.2
Imports	5	6	6	10	17	28	26	5	6	4	7	8		17	55	37		13	20		58.4		61	129		112.2
Other business services	1,251	1,106	1,208	1,162	1,026	1,173	971	1,383	1,138	1,197	1,632	1,338		3,565	3,361	3,491		4,224	4,167		-1.4		14,188	14,585		2.8
Exports	1,827	1,685	1,918	1,848	1,778	1,924	1,724	2,057	2,029	1,965	2,307	2,230		5,430	5,550	5,810		6,077	6,502		7.0		21,456	23,291		8.6
Imports	576	579	710	687	752	750	753	674	891	769	675	892		1,864	2,189	2,318		1,853	2,335		26.0		7,268	8,707		19.8
Research and development services	1	1	5	4	4	3	2	-1	2	2	7	3		7	11	3		10	12		22.5		28	33		16.8
Exports	3	4	6	5	10	5	5	3	4	8	8	6		12	20	12		16	22		38.6		47	67		42.3
Imports	1	3	1	1	6	2	4	4	1	7	1	3		6	9	9		7	11		61.9		19	34		80.2
Professional and management
consulting services	-28	-37	-36	4	-44	-15	-21	-18	-19	-21	-28	-29		-101	-56	-58		-74	-78		-5.2		-280	-292		-4.3
Exports	11	8	13	30	12	21	18	7	14	7	12	12		32	62	38		53	31		-42.3		192	164		-14.7
Imports	39	45	49	26	56	36	39	25	33	28	40	40		134	118	96		127	109		-14.8		472	456		-3.4
Technical, trade-related, and other
business services	1,278	1,143	1,240	1,154	1,066	1,186	990	1,402	1,154	1,216	1,654	1,363		3,660	3,405	3,546		4,288	4,233		-1.3		14,440	14,844		2.8
Exports	1,813	1,673	1,899	1,814	1,756	1,898	1,701	2,047	2,011	1,950	2,287	2,213		5,385	5,468	5,759		6,008	6,449		7.3		21,217	23,061		8.7
Imports	536	530	659	660	690	712	711	646	857	734	633	849		1,725	2,062	2,213		1,719	2,216		28.9		6,777	8,217		21.2
Personal, cultural, and recreational services	-1	.	13	3	.	2	-4	1	6	.	6	1		12	5	3		4	7		86.5		-28	27		198.8
Exports	9	11	23	10	11	11	11	11	14	12	14	16		43	32	36		40	42		4.0		127	153		20.5
Imports	10	11	10	7	11	9	15	10	8	12	8	15		31	27	33		36	35		-4.8		155	126		-18.6
Audiovisual and related services	.	-1	5	2	3	1	-2	2	6	-2	5	-1		4	5	7		5	2		-52.3		7	18		143.1
Exports	7	8	12	6	8	7	8	8	10	6	9	10		26	21	27		24	25		6.5		80	99		24.3
Imports	7	8	7	4	6	6	10	6	4	8	4	11		22	16	20		19	23		21.0		72	81		12.0
Other personal, cultural, and
recreational services	.	1	8	1	-2	1	-2	-1	.	2	1	2		8	.	-4		-1	5		719.7		-35	9		126.1
Exports	3	3	11	4	3	4	3	3	3	5	5	6		17	11	9		16	16		0.5		47	54		14.2
Imports	3	3	3	3	5	3	5	4	4	4	4	4		9	11	13		17	11		-33.4		82	45		-45.6
Government goods and services n.i.e.	-28	-28	-28	-28	-28	-28	-28	-27	-27	-27	-27	-27		-85	-83	-82		-83	-82		2.3		-351	-332		5.3
Exports	2	2	2	2	2	2	2	2	2	2	2	3		6	6	7		5	7		43.5		21	26		23.8
Imports	30	30	30	30	30	30	30	30	29	29	30	30		91	90	89		89	89		0.4		372	358		-3.6
Details may not add up to total due to rounding.
p Preliminary
r Revision of estimates due to data updates in the Medium- and Long-Term (MLT) Foreign Loan Transactions Report of the BSP and other official data sources, and post-audit adjustments
. Rounds off to zero
-- Undefined/Indeterminate Growth Rate