Service exports to Germany down in first half of 2021

Partner | 2021 (bn euros) | 2020 (bn euros) |
---|---|---|
United Kingdom | 11.6 | 11.4 |
Germany | 11.1 | 11.9 |
United States | 10.7 | 10.5 |
Ireland | 6.4 | 5.9 |
Switzerland | 5.5 | 5.1 |
Belgium | 5.2 | 5.2 |
France | 4.9 | 5.6 |
Italy | 2.4 | 2.6 |
Sweden | 2.3 | 2.3 |
Spain | 1.8 | 2.0 |
* provisional figures |
Service exports to Germany only declined in Q1
Service exports to Germany were only affected in the first quarter of 2021; year-on-year, the Netherlands exported 16 percent fewer services to Germany in that period. The coronavirus crisis erupted in mid-March 2020, greatly affecting international transport flows from that moment on. The coronavirus crisis still covered the full first quarter of 2021. In Q2, exports to Germany recovered and ended nearly 5 percent higher than in Q2 2020.Lower service exports to Germany mainly due to less travel
In H1 2021, German tourists and business travellers spent over 917 million euros less on services and goods during their stay in or visit to the Netherlands compared to H1 2020. This was due to travel restrictions and other coronavirus-related measures, causing a substantial drop in foreign visitors during this period. With a 35-percent share, Germany remained the largest market for exports of travel services. Travel services are the fifth-largest service category in Dutch exports to Germany. Exports of intellectual property rights and management consultancy services declined as well. In H1, the Netherlands did export more transport services (+7 percent), telecommunications, computer and information services (+14 percent) and financial services (+30 percent) to its eastern neighbour compared to one year previously.Soort dienst | Verandering exportwaarde (y-o-y change in million euros) |
---|---|
Travel services | -917.0 |
Use of intellectual property | -328.1 |
Professional and management consultancy services | -57.4 |
Other services | 15.2 |
Financial services | 72.7 |
Telecommunications, computer and information services | 180.1 |
Transport services | 225.6 |
* provisional figures |
Sources
Related items
- News release - Service exports down more sharply than goods exports