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EU services exports reach €1,427 billion in 2023

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In 2023, EU countries exported €1,427 billion worth of services to countries outside of the EU (+2% compared with 2022). Imports from countries outside the EU stood at €1,274bn (+4% compared with 2022). This marks a continuing upward trend following a disruption in 2020 due to the impact of the COVID-19 pandemic.  

In 2023, the EU trade in services balance reached €153bn, the second highest figure since 2010, after the record €181bn in 2022.

This information comes from data on EU trade in services published by Eurostat. 

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Source dataset: bop_its6_det

Leading trade partners in 2023: USA and UK

EU’s leading trade partners for international exports of services were the United States (€319 billion; 22% of extra-EU exports) and the United Kingdom (€280 billion; 20%), ahead of Switzerland (€154 billion; 11%).

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Source dataset: bop_its6_det

The United States was the origin of more than a third of the services imported into the EU from non-EU countries (€427bn; 34%), followed by the United Kingdom (€230bn; 18%) and Switzerland (€91bn, 7%).

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