In 2004, EU25 1 external trade in services 2 recorded a surplus of 42.8 billion euro, compared to 37.0 bn in 2003. This increased surplus was mainly due to a higher surplus in transportation (+13.4 bn in 2004 compared to +7.0 bn in 2003), while the deficit registered for travel was slightly lower (-12.9 bn compared to -13.4 bn). The surplus recorded for “other services” fell slightly (+42.5…