Trade of a business reflects the value of services exchanged between domestic and foreign economic members, including the value of services provided through foreign subsidiaries located abroad. Services include construction services, insurance, and financial services, computer and information services, royalties and license fees, operational services, rental, technical and professional services, and other business services, etc. Trade-in services facilitate the exchange of ideas, know-how, and technology, although this is often limited by barriers such as domestic regulations.
Business in services promotes more efficient allocation of resources and greater economies of scale. This can increase the range of services offered to consumers and producers and initiate processes that allow more productive service companies to expand and grow.