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December 01, 2006

EU: In 2005, nearly 30% of Euro-US trade was in services.

Increasingly in global markets, goods (i.e., products and tangible things you can see and touch) are just part of the bundles of solutions our clients and we sell globally. As WAC? has ranted about previously, services are becoming the main event. From the Berlin-based Atlantic Review, a news digest by three German Fulbright alumni, here's "Strong EU-U.S. Trade". Note that, according to the European Commission, in 2005 about 30% of the trade dollars in both directions were in services, as opposed to goods:

The EU and US are responsible together for about two fifths of world trade. Trade flows across the Atlantic are running at around €1.7 billion a day.... In the year 2005, exports of EU goods to the US amounted to €250 billion, while imports from the US amounted to €234 billion. Concerning trade in services, EU exports to the US amounted to €108.6 billion in 2004 while EU imports from the US amounted to €93.0 billion.

Posted by JD Hull at December 1, 2006 10:59 PM

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