Strong Global Position In Transport Services
The European Union has secured a €36.3 billion surplus in transport services for 2024, underscoring its robust position in the international transport market. According to data released by Eurostat, EU countries exported transport services valued at €258.7 billion, while imports were recorded at €222.4 billion.
Resilient Growth And Market Stabilisation
Export and import values increased compared with 2023. Exports rose by 3.6%, while imports grew by 4.7% year-on-year.
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Eurostat said the increase follows a period of stabilisation after a surge in transport service values in 2022, driven by higher energy costs. Data show a consistent pattern in the sector between 2014 and 2024.
Key Trading Partners Driving Growth
The United States was the largest destination for EU transport service exports in 2024, accounting for €45.9 billion, or 17.8% of the total. The United Kingdom followed with €35.6 billion (13.7%).
Switzerland and China, excluding Hong Kong, accounted for €21.4 billion (8.3%) and €20.5 billion (7.9%) respectively. Singapore ranked next with €11.2 billion, representing 4.3% of exports.
Reciprocal Trade Dynamics
Leading export markets were also among the main suppliers of transport services to the EU. Imports from the United States totaled €35.6 billion, or 16.0% of the total.
The United Kingdom followed with €24.1 billion (10.8%), while China accounted for €16.9 billion (7.6%). Switzerland and Singapore contributed €15.1 billion (6.8%) and €11.9 billion (5.3%) respectively.
Market Outlook
The data reflect continued trade flows in transport services between the EU and its main partners. Figures also indicate stable demand across key international markets.
