EU industrial structure - EU Bookshop - Europa

In many sectors, outward EU‑27 FDI stock is greater than
total inward EU‑27 FDI stock. Vertical backward integration
by EU‑27 MNEs seems to be the dominant motive, judging
from the sectoral distribution of the relative outward and
inward stocks. This is illustrated by the ‘resource‑driven’
sectors: refined petroleum products, mining and quarrying,
Chapter IV — International competitiveness of EU industry
extraction of petroleum and gas and metal products.
Horizontal integration, in order to gain access to new markets
or create localised, market‑oriented knowledge which helps
firms to adapt existing technologies and products to foreign
markets, may explain the relatively large outward EU‑27 stock
in telecommunication markets, cf. Figure IV.24.
FIgURE IV.24: EU-27 outward FDI stock to the rest of the world/EU-27 inward FDI stock from the rest of
the world in 2007 (ratio)
Telecommunications
Rened petroleum products and other treatments
Mining and quarrying
Electricity, gas and water
Extraction of petroleum and gas
Metal products
Post and courier activities
Mechanical products
Water transport
Land transport
Manufacture of chemicals and chemicals products
Radio, television, communication equipments
Construction
Food products
TOTAL
Hotels and restaurants
Oce machinery and computers
Rubber and plastic products
Financial intermediation
Air transport
Renting of machinery and equipment without operator
and of personal and household goods
Retail trade
Agriculture and shing
Computer activities
Other business activities
Wood, publishing and printing
Wholesale trade
Supporting and auxiliary transport activities;
activities of travel agencies
Research and development
Recreational, cultural and sporting activities
Trade and repair of motor vehicles
Real estate
Textiles and wearing apparel
Source: own calculations using Eurostat data.
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