EU services exports rise in 2024, large enterprises account for biggest share
The European Union's services exports to countries outside the bloc increase to €1.579 trillion in 2024, highlighting the weight of larger companies in cross-border trade. Enterprises with 250 or more employees generate 41.7% of the total, while information and communication remains the biggest exporting sector.
Highlights
- Large enterprises accounted for 41.7% of the EU's €1.579 trillion services exports to non-EU countries in 2024, a 9.7% year-on-year increase.
- In Denmark, Finland, Germany, and Slovakia, large enterprises generated between 65.0% and 71.7% of services exports outside the EU.
- Information and communication contributed 22.9% (€362.0 billion) of extra-EU services exports, followed by manufacturing at 15.8% (€249.3 billion), and transportation/storage at 15.0% (€236.2 billion).
Export breakdown by company size
As reported by Eurostat, large enterprises lead the EU's services exports to non-EU countries in 2024, accounting for 41.7% of the €1.579 trillion total, up 9.7% from 2023.Small enterprises with up to 49 employees account for 11.8% of exports, while medium-sized companies with 50 to 249 employees make up 9.0%. A further 37.4% of exported services comes from enterprises whose size is not known.
In nine EU countries, large enterprises generate more than half of all services exports outside the EU. The highest shares are recorded in Denmark at 71.7%, Finland at 71.2%, Germany at 69.1% and Slovakia at 65.0%.
Country and sector patterns across the bloc
Smaller businesses dominate services exports in a limited number of markets. Small enterprises account for more than half of exported services in Malta at 78.6%, Estonia at 61.4% and Luxembourg at 56.8%.By activity, the biggest share of EU services exports to non-EU countries comes from information and communication, which represents 22.9% or €362.0 billion. Manufacturing follows with 15.8% or €249.3 billion, ahead of transportation and storage at 15.0% or €236.2 billion.
The figures point to a services export base that remains concentrated in larger companies and a handful of key sectors, while country-level patterns show that smaller firms play a much larger role in some of the bloc's smaller economies.
Previously, we examined DAX buying momentum as the index held above key moving averages in volatile trading.
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