Brussels: In 2024, the value of EU exports of spacecraft products, including satellites, suborbital and spacecraft launch vehicles, reached pound 1.217 billion, marking an increase from pound 1.20 billion in 2019, according to figures published by Eurostat, the statistical office of the European Union.

According to Emirates News Agency, at the same time, the import value of these products grew from pound 117 million to pound 166 million. In 2024, the United States accounted for 77.3% of the total value of EU exports of spacecraft products. Indonesia came second, contributing to 9.7% of the exports, while South Korea was third at 8.6%, Eurostat noted.