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Sat, 14 Dec, 2013 03:28:48 AM FTimes Report, December 14  Imports, exports and surplus of international trade in services 2002–2012, mill. euro. Source: Statistics Finland. International trade in services was still EUR 2.1 billion in surplus even though the increased imports of over EUR 2.1 billion to EUR 13.1 billion compared with the previous year, according to the final data of the Statistics Finland on international trade in services for 2012.
The surplus diminished for the first time since 2009, and the last time it fell below EUR three billion was in 2006. Service exports only grew by EUR 0.4 billion and amounted to EUR 15.3 billion.
Imports grew from the year before in all service items apart from construction services, the statistics on international trade in services for 2012 shows.
The change in imports of unclassified intra-group services, as well as royalties and licence fees explains around one-half of the overall growth in imports.
The most significant service items in service exports were unclassified business services, computer and information services, and royalties and licence fees.
The share of these three items in service exports decreased, however, by three percentage points to 85 per cent, as only royalties and licence fees grew compared with the previous year.
Examined by service item, the biggest surplus from international trade in services was generated from unclassified business services and computer and information services.
There were most service items in deficit in research and development services and advertising, market research and public opinion polling, according to the statistics.
The main destination countries of service exports in 2012 were Sweden, the United States and Ireland.
Exports to Ireland grew most and more than tripled compared with the previous year.
Exports to India continued to fall strongly and were only one-quarter from the top figures in 2008 to 2010.
The most important countries of service imports were still Germany, the United States, Sweden and the United Kingdom, which all increased their share of imports of services.
In imports, the share of Ireland also nearly tripled compared with the year before.
Service exports to EU15 countries rose to EUR 6.2 billion, which is 40% of exports of services.
Imports from EU15 countries went up to EUR 7.9 billion in 2012.
The share of EU15 countries of all imports of services rose from 2011, being 60%, the statistics show.
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| Saturday, 03 May, 2025 |
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