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EU Services Trade Exceeds €5.93 Trillion In 2023 With US Dominance

EU Trade Overview

EU services trade reached €5.93 trillion in 2023, according to Eurostat, including €3.26 trillion in exports and €2.66 trillion in imports. The data identify the United States as a key partner in external services trade.

The figures also include updated measurements of commercial presence, providing additional detail on international services flows.

Balanced Exports And Robust Trade Surpluses

EU member states exported €3.26 trillion in services to non-EU countries and imported €2.66 trillion, resulting in a €605 billion surplus. Exports exceeded imports across major service categories. The surplus reflects higher external demand for EU services relative to imports.

Breakdown By Supply Mode

Commercial presence generated a €469 billion surplus, accounting for 77.5% of the total. Cross-border supply contributed €65 billion or 10.7% of the surplus. Presence of natural persons added €40 billion or 6.6%, while consumption abroad accounted for €35 billion or 5.8%.

Transatlantic Economic Ties

The United States was the largest partner in services trade through commercial presence. EU exports to the U.S. reached €486 billion, representing 27.1% of extra-EU exports in this category. Imports from the U.S. totaled €564 billion or 42.6% of commercial presence imports. The United Kingdom and Switzerland followed as major partners.

Implications For Global Value Chains

The data show the growing role of services in global value chains and cross-border economic activity. Inclusion of commercial presence expands the measurement of international services trade. EU performance in services remains a key component of its external economic position.

Conclusion

Eurostat data show continued growth in EU services trade alongside a sustained surplus. The United States remains the largest partner across key categories. The updated data provide a broader view of global services flows.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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