Published: 15 December 2011
International trade in services decreased in 2010. Services were exported in 2010 to the tune of around EUR 15.1 billion, while imports of services amounted to about EUR 11.3 billion. The surplus from international trade in services grew by 14 per cent from 2009, being around EUR 3.8 billion.
Imports, exports and surplus of foreign trade in services 2002–2010, mill. euro
In 2010, exports of services went down to EUR 15.1 billion, which is around EUR 0.3 million less than in 2009. Imports of services decreased by EUR 0.7 billion from the previous year to EUR 11.3 billion. The surplus from international trade in services was in 2010 around EUR 3.8 billion, which is EUR 0.5 billion more than in the previous year.
The surplus grew particularly in royalty and licence fees, being EUR 0.8 billion in 2010. The surplus in the same items in 2009 was EUR 0.3 billion. In 2010 export revenue from royalty and licence fees amounted to close on EUR 1.8 billion. Royalty and license fees include franchising and other similar rights and other royalties and licence fees.
In exports of services the main destination countries in 2010 were India, Sweden and China. Exports to Sweden, Japan and Luxembourg grew from the year before. The decrease in exports to China and Russia is also noteworthy here. The most important import countries for services were Germany, the USA and the United Kingdom. However, imports from Germany fell considerably compared with 2009.
Service exports to EU15 countries rose to EUR 4.4 billion, which is nearly one third of all exports of services. The share of EU15 countries increased by good one percentage point from 2009. Imports from EU15 countries fell to EUR 6.4 billion in 2010. The share of EU15 countries in all imports of services went down to 56 per cent, which indicates a two-percentage point fall from 2009.
The statistics on international trade in services are based on Statistics Finland's annual and quarterly inquiries on international trade in services. The data include service trade between group enterprises. The statistics do not include data on transport, tourism, insurance and financial services. The data are used in the compilation of national accounts and as part of the balance of payments produced by the Bank of Finland.
Source: Foreign trade in services 2010, Statistics Finland
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