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U.S. Services Trade with the European Union: 2010–14

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  • U.S. exports increased by 5.2 percent annually to $217.9 billion in 2014
  • U.S. imports increased by 4.9 percent annually to $159.7 billion in 2014

The European Union (EU) was by far the largest services trading partner with the United States. During 2010–14, U.S. exports of services to the EU increased by $39.9 billion, while U.S. imports grew by $27.8 billion. The United States reported a services trade surplus with the EU of $58.2 billion in 2014, up from $46.1 billion in 2010. Large surpluses were recorded in electronic services and financial services during the period. Travel services accounted for the largest category of U.S. services imports from the EU during 2010–14, while professional services overtook travel services as the largest category of U.S. exports beginning in 2012. Among EU countries, the United Kingdom was the largest U.S. services trading partner in 2014, followed by Ireland and Germany. For more information on U.S. trade in services, see chapter 1 of Recent Trends in U.S. Services Trade: 2016 Annual Report.