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

by THEFUTURE.TEAM

April 14, 2026

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.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

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.

The Future Forbes Realty Global Properties

Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

by THEFUTURE.TEAM

September 18, 2026

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

Breaking news