The European Union's trade surplus with the rest of the world fell to €12.1 billion ($14.2 billion) in July, compared to €15.9 billion a year earlier, driven by a decline in the chemicals sector and a widening deficit in other manufactured goods.
According to preliminary data from the European Statistical Office released on Monday, the EU recorded a surplus of €91.8 billion since the beginning of this year, compared to €108.9 billion in the same period in 2024.
The United States remains the EU's largest trading partner, with exports to it reaching €44.2 billion in July, despite a 4.4% decrease compared to last year. The EU achieved a trade surplus with the US of €13 billion, down from €18 billion a year earlier.
The trade gap between the European Union and China widened, with the bloc's exports to Beijing declining by 6.6% to €17.6 billion, while imports from China jumped to €48.3 billion, a 3.9% increase. This pushed the trade deficit with Beijing to €30.7 billion, compared to €27.6 billion a year earlier.
The eurozone recorded a surplus in goods trade with the outside world of €12.4 billion in July, compared to €18.5 billion in the same month last year. Imports rose by 3.1% to €239.1 billion, while exports increased by 0.4% compared to July 2024, reaching €251.5 billion.
