Servicification and Industrial Exports from Asia and the Pacific (ESCAP Trade Insights: Issue No.10)
“Servicification” is most simply defined as an increased use of services in manufacturing processes. The impact of servicification on the competitiveness of the industrial sector has not been adequately addressed, especially in policy discussions, because of limited data availability. However, the OECD-WTO TiVA database now fills this gap for a selected number of economies. This brief provides information on the services content of industrial exports of these countries and offers some insights on the role of services in building trade competitiveness.