InfoCons Consumers Protection : EU Exports and Imports of Services Reach New Heights, According to Recent Data
The European Union’s trade in services has continued to experience positive growth, with 2023 marking another strong year for exports and imports. Following the disruptions caused by the COVID-19 pandemic in 2020, the EU has steadily recovered and built upon its international service sector. In this article, we will explore the significant milestones achieved by the EU in its services trade, the leading partners driving this growth, and the implications for the future.
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EU Services Exports Surge to €1,427 Billion
In 2023, EU countries saw their exports of services to nations outside the union reach an impressive €1,427 billion. This represents a 2% increase from the previous year, highlighting a stable expansion in services trade. This growth is part of a broader trend of recovery and strengthening of the EU’s external services sector, which had faced major disruptions in 2020 due to the global pandemic.
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Source : InfoCons Consumers Protection
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