Imports of services as a part of balance of payment rose 12.1% to USD 2,104 bil in the European Union in 2021, according to the National Statistical Office.
Historically, imports of services as a part of balance of payment in the European Union reached an all time high of USD 2,104 bil in 2021 and an all time low of USD 76.7 bil in 1975. When compared to European Union's main peers, imports of services as a part of balance of payment in China amounted to USD 438 bil, USD 208 bil in Japan, USD 75.9 bil in Russia and USD 550 bil in USA in 2021.
European Union has been ranked th within the group of 140 countries we follow in terms of imports of services as a part of balance of payment.
Imports of Services (BoP, USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Canada | USD bil | 105 | 105 | 112 | 122 | 126 | ||||||||||||||||
China | USD bil | 436 | 442 | 472 | 526 | 506 | ||||||||||||||||
European Union | USD bil | 1,586 | 1,634 | 1,782 | 1,957 | 2,057 | ||||||||||||||||
Germany | USD bil | 301 | 317 | 349 | 375 | 376 | ||||||||||||||||
India | USD bil | 82.6 | 95.9 | 109 | 124 | 131 | ||||||||||||||||
Japan | USD bil | 179 | 186 | 193 | 203 | 219 | ||||||||||||||||
Mexico | USD bil | 32.7 | 33.0 | 37.1 | 40.0 | 39.6 | ||||||||||||||||
Russia | USD bil | 88.8 | 74.6 | 88.9 | 94.7 | 98.5 | ||||||||||||||||
South Korea | USD bil | 112 | 112 | 126 | 133 | 131 | ||||||||||||||||
USA | USD bil | 498 | 513 | 548 | 565 | 594 |