Which of the following is not included in the service of exports and imports?

Handicrafts

The correct answer is option 4- Handicrafts.

Handicraft is a tangible product, it is included in merchandise of exports and imports.

Service exports and imports involve trade in intangibles. It is because of the intangible aspect of services that trade in services is also known as invisible trade. A wide variety of services are traded internationally and these include: tourism and travel, boarding and lodging (hotel and restaurants), entertainment and recreation, transportation, professional services (such as training, recruitment, consultancy and research), communication (postal, telephone, fax, courier and other audio-visual services), construction and engineering, marketing (e.g., wholesaling, retailing, advertising, marketing research and warehousing), educational and financial services (such as banking and insurance). Out Of these, tourism, transportation and business services are major constituents of world trade in services.