EU trade balance in services down for a third consecutive year

According to preliminary data for 2016, the European Union's (EU) exports of services to the rest of the world decreased by 1.4% between 2015 and 2016, from €831.5 billion to €819.8 bn, while imports grew slightly (+0.6%) from €685.7 bn to €689.7 bn. As a consequence, the EU trade surplus in services, which had steadily increased between 2010 and 2013, has decreased for the third consecutive year in 2016 to €130.2 bn.

Read more: EU trade balance in services down for a third consecutive year - Product - Eurostat