16-Jul-2026 15:15

The Eurozone's international trade deficit in goods stood at '7.8 billion in May, down from a deficit of '1.2 billion in April and lower than the '15 billion surplus recorded a year earlier, the European Commission's statistical office Eurostat said on Thursday. In the European Union, the deficit came in at '12.1 billion, compared to a surplus of '12.7 billion in May 2025.

In the euro area, exports rose 0.1% year-on-year to '243.6 billion, while imports rose 10% to '251.4 billion. Eurostat said that the sharp decline in the trade balance was primarily driven by a widening of the energy deficit and by reduced surpluses in machinery and vehicles, as well as in chemical and related products.

In the EU, exports dropped 1.1% annually to '215.7 billion, while imports increased 10.8% to '227.8 billion.

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