Ocean-Related Services Now Dominate Global Trade, UNCTAD Reports

A significant shift is occurring in the global maritime economy as services now account for the majority of ocean-related trade. According to new data from the United Nations Trade and Development (UNCTAD), ocean-related services reached $1.44 trillion in 2025. This figure represents 58% of total ocean trade, marking a substantial increase from 47% in 2020. The rapid growth of this sector is reshaping how nations interact with the sea. The transition highlights a move away from a traditional reliance on physical goods toward a more service-oriented model. This change is opening new economic doors for developing countries, particularly small island developing states and coastal nations. By focusing on sustainable blue economy strategies, these regions can capture more value while simultaneously protecting their marine environments. The data was highlighted as the world observed World Oceans Day, emphasizing the importance of balancing economic growth with conservation. The primary drivers behind this shift are marine and coastal tourism, maritime freight transport, and specialized port services. International coastal and maritime tourism alone generated $725 billion in 2023, accounting for one-third of total ocean trade. Other leading sectors contributing to this growth include ships and port equipment, as well as high-technology manufactured goods. These goods include essential items like renewable energy machinery, electronics, and pharmaceuticals. The rise of these services suggests that the global maritime industry is becoming increasingly interconnected and technologically advanced. As these sectors continue to expand, they offer unique opportunities for nations to diversify their economies. Developing countries are encouraged to leverage these trends to build more resilient and sustainable trade frameworks. By investing in infrastructure and service capabilities, these nations can better integrate into the global supply chain. The findings from UNCTAD provide a clear roadmap for policymakers looking to navigate the evolving landscape of ocean trade. As the industry continues to transform, the focus remains on fostering growth that is both profitable and environmentally responsible.