The eurozone's international trade surplus in goods totalled €7 billion

According to Eurostat, in June 2025, the eurozone recorded a surplus in trade in goods with the rest of the world of €7bn. This is more than half the figure for May (€16.5bn) and almost three times less than a year ago (€20.7bn). The reason for the fall was primarily the sharp drop in the surplus on chemical products, from €24.4bn to €15.1bn.

Eurozone exports totalled €237.2bn (+0.4% to June 2024), while imports reached €230.2bn (+6.8%). The surplus in categories such as machinery and vehicles (from €17.4bn to €13.6bn) and other manufactured goods also shrank and went into deficit (-€0.4bn).

For the first half of 2025, the euro area's overall surplus totalled €93.3bn compared to €102bn a year earlier, despite growth in exports (+3.9%) and imports (+4.9%). Intra-trade turnover in the euro area also rose by 1.3% to €1.32 trillion.

EU-wide figures are similar: the surplus narrowed to €8bn in June 2025 from €20.3bn a year earlier. Exports remained at the same level as last year (€213.7bn), while imports rose by 6.4% (€205.7bn).

In the geography of trade, China remains a key challenge, with the deficit widening to -€29.5bn in June. In contrast, the surplus with the US was €9.6bn and with the UK €16.5bn.

These dynamics point to structural problems: the growth of imports, especially of manufactured goods, is outpacing exports, which is gradually "eating away" the trade surplus, which has traditionally been a strength of the eurozone economy.