In 2023, the trade of the EU’s international supply of services was worth €5 933 billion. EU countries exported €3 269 billion worth of supply services to countries outside of the EU, while imports from countries outside the EU stood at €2 664 billion, marking a positive balance of €605 billion.
Looking at the 4 different modes of supply, commercial presence registered by far the highest surplus worth €469 billion accounting for 77.5% of the total surplus, ahead of cross border supply (€65 billion; 10.7%), presence of natural persons (€40 million; 6.6%) and consumption abroad (€35 billion; 5.8%).
This information comes from data on EU trade in services including the first ever official data on supply of services via commercial presence (Mode 3), published by Eurostat today. This article presents only a handful of findings from the more detailed Statistics Explained article.
EU international supply of services, 2023. Bar chart - Click below to see full dataset. (....)