EU services exports to the UK

Changes in EU trade in services with the UK have been less significant, except for the share of EU exports in the travel sector (personal, business, tourism, and of goods and services). This change is observed since the UK’s withdrawal from the EU. As Figure 8 illustrates, the share of travel in EU exports more than doubled from 2021 to 2023, but fell by one percentage point since 2022. The category ‘various business services’, which covers research and development, accounting, consulting, public relations, advertising, market research, public opinion polling, architectural, scientific, waste and trade related services, engineering, and operating leasing, has consistently retained its first place as the EU’s most exported service to the UK. Overall, while there has been a consistent small increase in percentage points in the share of EU services exports since 2021, these exports have still not reached their pre-pandemic or pre-Brexit levels in terms of value in billions of euros.