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Services trade
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Between 2008 and 2009 extra-EU services exports and imports decreased almost 10%. The balance surplus totalled approximately €63 billion in 2009, down from almost €76 billion a year earlier. The surplus fell due to deteriorating balances in transportation, construction services, financial services, other business services, computer and information services, and government services (Table I.1). The balances in travel, insurance services, royalties and licence fees, and personal, cultural, and recreational services improved in 2009. Transportation, travel, and other business services, including trade-related services, operational leasing services, and miscellaneous business, professional and technical services, represent roughly two thirds of total EU exports and imports.
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Table I.1
Trade in services, 2007-09
(€ billion and %)
|
|
EU-27 exports |
|
EU-27 imports |
||||
|
|
2007 |
2008 |
2009 |
|
2007 |
2008 |
2009 |
|
Total (€ billion) |
506.1 |
529.0 |
477.9 |
|
419.1 |
453.4 |
414.6 |
|
|
% of total services exports |
|
% of total services imports |
||||
|
Transportation |
24.4 |
25.7 |
22.6 |
|
24.5 |
24.8 |
21.3 |
|
Travel |
14.8 |
13.9 |
14.2 |
|
22.6 |
20.7 |
20.8 |
|
Other services |
60.4 |
60.3 |
63.1 |
|
51.1 |
51.9 |
55.0 |
|
Communications services |
2.0 |
2.3 |
2.7 |
|
2.6 |
2.8 |
3.1 |
|
Construction services |
3.2 |
3.3 |
3.5 |
|
1.9 |
1.8 |
2.1 |
|
Insurance services |
2.9 |
2.9 |
3.2 |
|
1.9 |
1.9 |
1.8 |
|
Financial services |
10.7 |
9.4 |
8.6 |
|
4.9 |
4.2 |
4.0 |
|
Computer and information services |
5.1 |
5.7 |
6.2 |
|
2.7 |
2.8 |
3.0 |
|
Royalties and licence fees |
5.4 |
5.1 |
5.6 |
|
8.3 |
9.2 |
9.8 |
|
Other business services |
28.5 |
29.1 |
30.8 |
|
25.7 |
26.2 |
27.9 |
|
Personal, cultural and recreational services |
1.0 |
0.9 |
1.0 |
|
1.4 |
1.5 |
1.4 |
|
Government services, n.i.e. |
1.7 |
1.4 |
1.5 |
|
1.7 |
1.6 |
1.8 |
|
Services not allocated |
0.6 |
0.1 |
0.1 |
|
1.8 |
2.6 |
2.9 |
|
Selected trading partners |
|
|
|
|
|
|
|
|
European Free Trade Association |
16.3 |
16.9 |
17.6 |
|
14.3 |
14.1 |
14.5 |
|
Switzerland |
12.3 |
13.2 |
13.9 |
|
11.3 |
11.3 |
11.8 |
|
Russia |
3.7 |
4.1 |
3.9 |
|
2.8 |
3.1 |
2.7 |
|
Turkey |
1.4 |
1.3 |
1.3 |
|
2.9 |
2.9 |
2.8 |
|
Canada |
2.4 |
2.3 |
2.3 |
|
2.3 |
2.1 |
2.0 |
|
United States |
27.6 |
25.5 |
24.8 |
|
31.1 |
29.5 |
30.5 |
|
South America |
3.6 |
4.4 |
4.3 |
|
2.7 |
3.1 |
3.1 |
|
Brazil |
1.4 |
1.9 |
1.9 |
|
1.2 |
1.4 |
1.6 |
|
Asia |
24.8 |
24.4 |
24.4 |
|
21.7 |
21.6 |
20.8 |
|
China |
3.3 |
3.8 |
3.9 |
|
3.4 |
3.4 |
3.2 |
|
Hong Kong, China |
1.8 |
1.7 |
1.6 |
|
1.8 |
1.8 |
1.6 |
|
India |
1.7 |
1.7 |
1.9 |
|
1.7 |
1.8 |
1.8 |
|
Japan |
4.0 |
3.7 |
3.6 |
|
3.4 |
3.4 |
3.1 |
|
Korea |
1.5 |
1.5 |
1.3 |
|
1.0 |
1.1 |
0.9 |
|
Singapore |
2.4 |
2.3 |
2.3 |
|
1.8 |
1.9 |
1.9 |
|
Thailand |
0.5 |
0.5 |
0.5 |
|
1.2 |
1.1 |
1.1 |
|
Australia |
2.2 |
2.3 |
2.5 |
|
1.6 |
1.4 |
1.5 |
|
Africa |
6.6 |
7.0 |
7.1 |
|
7.8 |
7.4 |
7.6 |
|
South Africa |
1.3 |
1.2 |
1.1 |
|
1.1 |
1.0 |
0.9 |
Source: WTO Secretariat, based on Eurostat online information, "International Trade in Services". Viewed at: http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home.