EU exports of spacecraft products reach €1.217 billion
- Portugal Business News
- 3 days ago
- 2 min read
EU Space News - EU exports of spacecraft products reached 1.217 billion euros in 2024, that is significantly higher that EU imports of spacecraft products that reached only 166 million euros in 2024, according to Eurostat. Here are the main export countries of EU spacecraft products in 2024 and the main partners of The EU Space Program:
April 12th commemorates the International Day of Human Space Flight to celebrate each year at the international level the beginning of the space era for mankind. April 12th, 1961, was the date of the first human space flight, carried out by Yuri Gagarin, a Soviet citizen. This historic event opened the way for space exploration for the benefit of all humanity.
1 - What are the main export countries of EU spacecraft products in 2024?
1 – United States
The US is the No 1 market for EU exports of spacecraft products with a share of 77.3% of total exports.
2 – Indonesia
Indonesia is the second largest market for EU exports of spacecraft products with a share of 9.7% of total exports.
3 – South Korea
South Korea is the third largest market for EU exports of spacecraft products with a share of 8.6% of total exports.
4 – India
India is the fourth largest market for EU exports of spacecraft products with a share of 3.7% of total exports.
2 - Who are the main partners of The EU Space Program?
The EU Space Program supports the European space industry and research by bringing together existing stakeholders and contributing to the emergence of a European ‘New Space’ eco-system together with the following main partners:
1 - COPERNICUS that is the European Earth Observation (EO) system,
2 – GALILEO that is a global satellite navigation and positioning system (GNSS) on which numerous EU economic sectors rely,
3 – EGNOS that is the European Geostationary Navigation Overlay Service,
4 - GOVSATCOM that provides robust satellite communications for governmental users,
5 - IRIS² that provides Infrastructure for Resilience, Interconnectivity and Security by Satellite,
6 - SSA (Space Situational Awareness) that are Europe's eyes on space.