Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    United States researchers find daily coffee consumption of five cups offers cardiovascular benefits

    July 25, 2026

    China’s AI-Electric Vehicle Products Drive Record Profit Peaks in Global Trade

    July 25, 2026

    Australia Updates Middle East Travel Warnings Amid Escalating Conflict

    July 25, 2026
    Fortnight MagazineFortnight Magazine
    • Automotive

      FIA backs V8 engine return for F1 World Championship

      July 4, 2026

      BMW i3 debuts as electric 3 Series with 800 volt tech

      April 6, 2026

      Mercedes-Benz lists S 500, S 580 and S 580e for 2027

      January 30, 2026

      EU softens 2035 ban on combustion engine vehicles

      December 17, 2025

      New Porsche Cayenne Electric delivers 850kw power and 2.5s acceleration

      November 19, 2025
    • Business

      European Central Bank Holds Steady on Interest Rates Amid Economic Uncertainty

      July 24, 2026

      UK unemployment holds steady at 4.9 percent amid wage slowdown

      July 22, 2026

      Indonesia B50 biodiesel boosts domestic palm fuel use

      July 20, 2026

      Oil benchmarks rally as Brent settles above $88 a barrel

      July 18, 2026

      US expands Brazil tariff exemptions before July 22 start

      July 17, 2026
    • Entertainment

      Affleck faces scrutiny over AI comments amid industry transition

      January 27, 2026

      Apple Arcade adds Jeopardy and NFL games in September update

      August 19, 2025

      Disney and Marvel’s R-rated film hits billion-dollar milestone

      August 17, 2024

      Web3 leader Immutable rolls out $50M gaming rewards initiative

      April 27, 2024

      USHER’s pre-Super Bowl experience on Apple Music

      February 7, 2024
    • Health

      United States researchers find daily coffee consumption of five cups offers cardiovascular benefits

      July 25, 2026

      Belgian heatwave period records 1,747 excess deaths

      July 11, 2026

      France confirms Ebola patient discharged after recovery

      July 6, 2026

      EU adds €16.5m support for DRC Uganda Ebola response

      June 10, 2026

      Gavi records US$302 million in lower-income vaccine funding

      April 17, 2026
    • Lifestyle

      Adidas urges positive sidelines with Sideline Essentials guide

      March 3, 2026

      JP Morgan funds Fresha with $31 million for AI and robotics growth

      August 23, 2024

      Adidas, Highsnobiety debut limited-edition sneakers

      January 6, 2024

      Unraveling Starbucks’ phenomenon as a worldwide coffee powerhouse

      September 1, 2023

      How Nike’s Kobe 8 Protro Halo Marks an Emotional Milestone

      August 29, 2023
    • Luxury

      Price hikes and lack of innovation erode luxury market confidence

      November 18, 2024

      Uncover the allure of Rolex Deepsea – luxury awaits.

      April 10, 2024

      Beyond timekeeping to the prestige of the Rolex Day-Date

      March 2, 2024

      Rare uncut emerald dazzles at Sharjah show

      February 1, 2024

      Porsche and Frauscher launch the electric 850 Fantom Air

      October 17, 2023
    • News

      Europe’s Drought Crisis Fueled by Rising Temperatures and Climate Change

      July 24, 2026

      Wildfires rage across Southern Europe amid scorching heatwave surpassing 40°C

      July 24, 2026

      Escalating Middle East tensions threaten global petroleum delivery

      July 22, 2026

      Red heat alerts cover 17 Italian cities

      July 20, 2026

      UK confirms 2028 launch for EV pay-per-mile tax

      July 15, 2026
    • Sports

      Spain reach World Cup last eight after Portugal win

      July 7, 2026

      Norway reaches World Cup quarterfinals after Brazil win

      July 6, 2026

      Egypt defeat Australia 4-2 on penalties after 1-1 draw

      July 4, 2026

      Spain reaches World Cup last 16 with Austria victory

      July 3, 2026

      England advances after late Kane goals beat Congo DR

      July 2, 2026
    • Technology

      China’s AI-Electric Vehicle Products Drive Record Profit Peaks in Global Trade

      July 25, 2026

      Global software teams adopt affordable open access AI systems

      July 22, 2026

      Russia sets legal framework for large AI models

      July 20, 2026

      Samsung holds top 10 rank with US$97.4 billion value

      July 20, 2026

      China builds cell-free AI protein production system

      July 11, 2026
    • Travel

      Australia Updates Middle East Travel Warnings Amid Escalating Conflict

      July 25, 2026

      Sardinia beach entry requires digital reservations and access fees

      July 21, 2026

      EU border checks switch to digital entry system

      April 7, 2026

      Winter storm leaves US airports scrambling

      March 17, 2026

      European Commission explores Schengen visas beyond five years

      February 18, 2026
    Fortnight MagazineFortnight Magazine
    Home » Eurostat says EU services imports hit €3.5 trillion in 2024
    Business

    Eurostat says EU services imports hit €3.5 trillion in 2024

    February 26, 2026
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    BRUSSELS: European Union countries imported €3.471 trillion worth of services from non-EU countries in 2024, according to figures published by Eurostat, the European Union’s statistical office. The data are presented using an “international trade in services by modes of supply” framework, which tracks how services are delivered across borders and through in-country operations. Eurostat’s release put the scale of services imports alongside a detailed breakdown of the channels through which suppliers based outside the bloc provided services to EU customers.

    Eurostat says EU services imports hit €3.5 trillion in 2024
    Eurostat report outlines EU services imports and delivery modes for 2024 totals.

    The largest share of those imports was delivered through commercial presence, meaning services supplied in an EU country by an established local operation of a foreign provider. Eurostat said commercial presence accounted for 58.9% of the total, or €2.044 trillion. Cross-border supply, such as services delivered from abroad into an EU country, made up 31.3%, or €1.087 trillion. Consumption abroad represented 6.6%, or €229 billion, while the presence of natural persons accounted for 3.2%, or €111 billion.

    Eurostat said commercial presence was the main channel in 22 EU countries. The highest shares of imports through commercial presence were recorded in Bulgaria at 81.7%, Hungary at 78.1% and Spain at 74.5%. The figures underscore how much of the EU’s imported services, as defined by this framework, are tied to foreign providers operating through local establishments rather than being delivered solely across borders from outside the bloc.

    Commercial presence dominated services imports

    Cross-border supply was the dominant mode in Greece, accounting for 68.8% of its services imports from non-EU countries, Eurostat said. Cyprus also recorded a high cross-border share at 43.8%, followed by Sweden at 37.7% and Denmark at 37.4%. Under the modes-of-supply approach, cross-border supply refers to services provided from the territory of one country into the territory of another, capturing transactions that do not require the supplier to establish a local presence in the customer’s country.

    Consumption abroad, the category that includes services provided in the supplier’s country to customers from abroad, played its most significant role in Denmark, where it accounted for 22.3% of imports, Eurostat said. France recorded a 12.1% share, Lithuania 10.8%, Croatia 10.4% and Italy 10.3%. For other EU countries, Eurostat said consumption abroad accounted for less than 10% of total services imports measured under the framework.

    Country patterns varied across the bloc

    The presence of natural persons, which covers services supplied through individuals from one country working in another, accounted for the smallest share of imports at the EU level, Eurostat said. The largest proportions were recorded in Cyprus and Denmark, each at 7.3%, followed by Belgium at 5.4%. Across the bloc, the mode 4 category represented €111 billion of the €3.471 trillion total in 2024, reflecting a relatively limited share compared with commercial presence and cross-border delivery.

    Eurostat’s publication highlights that the modes-of-supply framework can produce a broader measure of international services activity by including services delivered through local operations linked to foreign suppliers. In this approach, commercial presence captures services supplied within an EU country via a foreign provider’s establishment, while the other modes capture cross-border delivery, consumption abroad and services supplied through individuals. The 2024 figures total €3.471 trillion in imports from non-EU countries across the four modes. – By Content Syndication Services.

    Related Posts

    European Central Bank Holds Steady on Interest Rates Amid Economic Uncertainty

    July 24, 2026

    Escalating Middle East tensions threaten global petroleum delivery

    July 22, 2026

    Global software teams adopt affordable open access AI systems

    July 22, 2026

    UK unemployment holds steady at 4.9 percent amid wage slowdown

    July 22, 2026

    Sardinia beach entry requires digital reservations and access fees

    July 21, 2026

    Russia sets legal framework for large AI models

    July 20, 2026
    Editor's Pick

    United States researchers find daily coffee consumption of five cups offers cardiovascular benefits

    July 25, 2026

    China’s AI-Electric Vehicle Products Drive Record Profit Peaks in Global Trade

    July 25, 2026

    Australia Updates Middle East Travel Warnings Amid Escalating Conflict

    July 25, 2026

    European Central Bank Holds Steady on Interest Rates Amid Economic Uncertainty

    July 24, 2026

    Europe’s Drought Crisis Fueled by Rising Temperatures and Climate Change

    July 24, 2026

    Wildfires rage across Southern Europe amid scorching heatwave surpassing 40°C

    July 24, 2026

    Escalating Middle East tensions threaten global petroleum delivery

    July 22, 2026

    Global software teams adopt affordable open access AI systems

    July 22, 2026
    © 2024 Fortnight Magazine | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.