European Union international trade in services

European Commission Eurostat

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ISSN 1680-2764European UnionInternational trade in servicesAnalytical aspectsData 1993-2003EUROPEAN THEMEExternal tradeCOMMISSION1 2005Europe Direct is a service to help you find answers to your questions about the European UnionFreephone number (*):00 800 6 7 8 9 10 11(*) Certain mobile telephone operators do not allow access to 00 800 numbers or these calls may be billed.A great deal of additional information on the European Union is available on the Internet.It can be accessed through the Europa server (http://europa.eu.int).Luxembourg: Office for Official Publications of the European Communities, 2005ISBN 92-894-9124-8ISSN 1680-2764© European Communities, 2005SYMBOLS AND ABBREVIATIONS USED EU INTERNATIONAL TRADE IN SERVICES SYMBOLS AND ABBREVIATIONS USED Mio Million Bn '000 million 0 nil or data between -0.5 Mio EUR and 0.5 Mio EUR (ECU to end 1998) : figure not available .. not applicable ECU European Currency Unit EUR euro c.i.f cost, insurance and freight f.o.b free on board n.i.e.

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• Publié par: EUROPEAN-COMMISSION-EUROSTAT
• Nombre de lectures: 17
• Langue: English

Extrait

ISSN 1680-2764

European Union International trade in services Analytical aspects

E U R O P E A N C O M M I S S I O N

D a t a 1 9 9 3 - 2 0 0 3

THEME External trade

Europe Direct is a service to help you find answers to your questions about the European Union Freephone number (*): 00 800 6 7 8 9 10 11 (*) Certain mobile telephone operators do not allow access to 00 800 numbers or these calls may be billed.

A great deal of additional information on the European Union is available on the Internet. It can be accessed through the Europa server (http://europa.eu.int).

Luxembourg: Office for Official Publications of the European Communities, 2005

ISBN 92-894-9124-8 ISSN 1680-2764

© European Communities, 2005

SYMBOLS AND ABBREVIATIONS USED EU INTERNATIONAL T RADE IN SERVICES   SYMBOLS AND ABBREVIATIONS USED     Mio Million Bn '000 million    0 nil or data between -0.5 Mio EUR and 0.5 Mio EUR (ECU to end 1998) : figure not available .. not applicable ECU European Currency Unit EUR euro c.i.f cost, insurance and freight f.o.b free on board n.i.e. not included elsewhere ACP African, Caribbean and Pacific countries signatories of the Lomé convention ASEAN Association of South-East Asian Nations BOP Balance of Payments BPM4 Balance of Payments Manual, fourth edition, IMF, 1977 BPM5 Balance of Payments Manual, fifth edition, IMF, 1993 CIS Commonwealth of Independent States ECB European Central Bank EFTA European Free Trade Association EMU Economic and Monetary Union EU European Union EU-15 Total of the 15 Member States of the European Union (situation after 1st January 1995) (Belgium, Denmark, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, Finland, Sweden, United Kingdom, European Union Institutions). Belgium and Luxembourg constitute the Belgo-Luxembourg Economic Union (BLEU) EU-25 Total of the 25 Member States of the European Union (situation after 1st May 2004) (EU-15, Cyprus, Czech Republic, Estonia, Hungary, Lithuania, Latvia, Malta, Poland, Slovenia, Slovakia) Euro-zone Total of the 12 Member States (EUR-12) of the Economic and Monetary Union (Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, Finland). Eurostat Statistical Office of the European Communities GATS General Agreement on Trade in Services IMF International Monetary Fund MERCOSUR Countries of the South Cone Common Market NAFTA North American Free Trade Association NICs1 The Core Newly Industrialising Countries NICs2A Asian NICs of the second wave of industrialisation NICs2LA Latin American NICs of the second wave of industrialisation OECD Organisation for economic co-operation and development OPEC Organisation of Petroleum Exporting Countries WTO World Trade Organisation   3

                                                 

 

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TABLE OF CONTENTS  

Preface     Analytical aspects        EU International Trade in Services in 2003

Description of the tables

Statistical tables  Tables 3.1.  Tables 3.2.  Tables 3.3.

Methodological framework

Annexes  Exchange rates  BOP geographical zones  BOP economic zones

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PREFACE EU INTERNATIONAL TRADE IN SERVICES    

 

PREFACE   The European Union continued to be the most important global player in international trade in services (ITS) in 2003. The EU-25 registered a surplus of  35.6 bn against the rest of the world. The EU-15 increased its external surplus from  25.0 bn in 2002 to  27.5 bn in 2003.   o   are the fastest growing part of international trade?Did you know that services   o   is the most important single service trader in the world?Did you know that the EU   o   Did you know that the USA is the EU´s main trading partner?   o   Did you know that the USA has a steady surplus in external trade in services, while Japan has a persistent deficit?   o   EU had the highest surplus in ITS with Switzerland and theDid you know that in 2003 the biggest deficit with Turkey?   This publication provides you with the most recent and comparable statistics of the EU-15, the EU-25, Norway, the USA and Japan on: ¾   Annual ¾   anittnreI onal ¾   Transactions in services   Emphasis is put on Trade in Services and on the diversity of trading partners. Therefore, these statistics can be used to monitor the external commercial performance of different economies and thus assist trade negotiations in the context of the General Agreement on Trade in Services (GATS).   In the first part of this publication you can find an analysis of 2003 main features through comments, graphs and tables. The second and third parts provide a detailed review of 2003, displaying a complete set of tables for the EU, Norway, the USA and Japan. Finally, the fourth part gives a short description of the methodological framework.   Your needs as a user are our main concern. We can only improve with your help, so please make your comments and suggestions. Contact:   Mr Mushtaq HUSSAIN EUROSTAT, Unit C4 - Balance of Payments European Commission Jean Monnet Building, Bech E4/818 L 2920 - Luxembourg Tel.: [phone]; Fax: [phone] E-mail: [e-mail]   

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I ANALYTICAL ASPECTS

INTRODUCTION EU INTERNATIONAL TRADE IN SERVICES   EU International Trade in Services in 2003   Services are increasingly important in modern economies, contributing about 68% of the value added in the world economy in 2003. Services growth has been reflected in a corresponding expansion of employment in services activities. In 2003, services accounted for 69% of jobs in the EU-15. For EU-25 the corresponding figure was 67%.   The strong and growing role of services in world production and employment is not, however, reflected in international trade, where services account only for 20% of international trade. The share of services in world trade contrasts with the central contribution of services production in domestic economies. As a matter of fact, due to their intangible nature, trade in services is inherently subject to more constraints than trade in goods.   However, rapid technological advances, such as in computing and telecommunications, including the development of the internet and electronic commerce, have allowed a number of services to become internationally tradable. Ranging from architecture to voice-mail telecommunications and to space transport, services are the largest and most dynamic component of both developed and developing country economies. Important in their own right, they also serve as crucial inputs into the production of most goods.   According to figures published by the International Monetary Fund 1  total world international trade in services (ITS) transactions in 2003 amounted to  3282.1 billion (out of which intra-EU-15 amounted to  825.7 billion, and intra-EU-25 to  907.6 billion).   Despite the fall observed in 2003 in Euro terms (there were increases both in goods and services when expressed in US$), from a medium term perspective, services are the fastest-growing component of international trade. Over the period 1997-2003 there was a 35.7% increase in world ITS transactions, slightly faster than international trade in goods (34.9%) during the same period.    

Graph 1: International Trade in Goods and Services (ECU/EUR bn) Total world 14000 Goods Services 12000

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0 1997 1998 1999 2000 Source: IMF Balance of Payments Yearbook, 2004                                                   1 IMF, Balance of Payments Statistics Yearbook, 2004

 

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