The EU's trade surplus fell to €8 billion in June, down from €13 billion in May and €20.3 billion a year earlier, amid a decline in exports to the US and China, Report informs via Interfax referring to Eurostat.
The total volume of exports from the EU remained at the level of the previous year (€213.7 billion), imports increased by 6.4%, to €205.7 billion. Exports to the US fell by 10.3%, to the lowest since the end of 2023, at €40.2 billion.
Deliveries to China decreased by 10.3%, to Japan by 6.5%, to India by 5.4%, and to Brazil by 4.9%. At the same time, exports to the UK, Switzerland, Türkiye, Norway, and South Korea increased.
Imports from the US increased by 16.4% in June to €30.6 billion. Imports from China increased by 16.7%, while those from the UK fell by 3.5%. The eurozone trade surplus decreased to €7 billion in June, compared to €16.5 billion in May and €20.7 billion in June 2024, Eurostat notes.
The consensus forecast of analysts, cited by Trading Economics, assumed that the June surplus would be €13 billion. The volume of exports from the eurozone increased by 0.4% year-on-year to €237.2 billion, while imports grew by 6.8% to €230.2 billion.