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U.S. Services Trade with the European Union: 2011-15

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  • U.S. exports increased by 3.3 percent annually to $225.4 billion in 2015
  • U.S. imports increased by 3.3 percent annually to $164.9 billion in 2015

The European Union (EU) is by far the United States’ largest services trade partner. During 2011–15, U.S. exports of services to the EU increased by $27.6 billion, while U.S. imports grew by $20.2 billion. The United States reported a services trade surplus with the EU of $60.5 billion in 2015, up from $53.1 billion in 2011. Large surpluses were recorded in charges for the use of intellectual property, financial services, and electronic services in 2015. Professional services accounted for the largest category of U.S. services exports during 2011–2015, while travel services remained the largest category of U.S. imports. Among EU countries, the United Kingdom was the largest U.S. services trade partner in 2015, followed by Germany and Ireland. For more information on U.S. trade in services, see chapter 1 of Recent Trends in U.S. Services Trade: 2017 Annual Report..