The euro area recorded a €12.4 billion (vs €11.7 billion expected) trade surplus in July 2025, down from €18.5 billion a year earlier but up from €8.0 billion in June, reflecting mixed momentum in trade flows.

• Exports to the rest of the world totaled €251.5 billion in July 2025, up +0.4% YoY, showing only modest growth.

• Imports reached €239.1 billion, rising +3.1% YoY, outpacing exports and weighing on the annual balance.

• Compared with June 2025, the surplus expanded by €4.4 billion, supported by stronger surpluses in chemicals (+€17.4 billion vs €15.4 billion) and machinery & vehicles (+€18.5 billion vs €13.7 billion).

• YoY, the chemicals surplus narrowed significantly to €17.4 billion from €23.8 billion, driving the annual decline in the overall balance.

• From January–July 2025, the euro area posted a €106.9 billion surplus, down from €120.4 billion in the same period of 2024.

• Over the same Jan–Jul period, exports rose +3.5% YoY to €1,739.3 billion, while imports increased at a faster pace of +4.7% to €1,632.4 billion.

• Intra-euro area trade grew +1.6% YoY in Jan–Jul 2025, totaling €1,549.8 billion, indicating moderate internal demand.

The euro area recorded a €7.0 billion trade surplus in June 2025, down sharply from €16.5 billion in May and €20.7 billion a year earlier, reflecting weaker export momentum and rising imports.

• Exports to non-EA countries edged up 0.4% YoY to €237.2 billion, while imports rose 6.8% YoY to €230.2 billion, narrowing the trade balance.

• Compared with May, seasonally adjusted exports fell -2.4% MoM and imports increased 3.1% MoM, resulting in a much smaller €2.8 billion adjusted surplus.

• The chemical products surplus declined from €24.4 billion to €15.1 billion, while machinery & vehicles also saw a smaller surplus (€13.6 billion vs €17.4 billion a year ago).

• The surplus in “other manufactured products” turned into a €0.4 billion deficit, further weighing on the headline balance.

• Year-to-date (Jan–Jun), the euro area posted a €93.3 billion surplus, down from €102.0 billion in the same period of 2024, as imports grew faster than exports.

The euro area posted a trade surplus of €16.2 billion in May, up from €11.1 billion in April and ahead of expectations of a surplus of €13.0 billion.

• Extra-EA exports dropped -0.5% MoM but were up 0.9% YoY to €242.6 billion, while imports fell -1.0% MoM and -0.6% YoY to €226.5 billion.
• Intra-EA trade dropped -0.8% MoM and was up 1.4% YoY to €219.1 billion.
• The chemicals trade surplus increased from €22.0 billion to €24.3 billion MoM, and the machinery & vehicles surplus also edged up from €12.1 billion to €12.9 billion MoM.
• The energy deficit narrowed from -€25.5 billion to -€21.4 billion YoY, contributing to the stronger overall balance.
• In Jan–May 2025, the extra-EA trade surplus reached €86.5 billion, up from €81.4 billion a year earlier.
• The trade surplus with the US increased €4.2 billion to €18.4 billion in May as exports to the US were up 4.4% YoY and imports from the US were down -7.4% YoY.

The euro area posted a trade surplus of €9.9 billion in April, down sharply from €37.3 billion in March and below expectations of a smaller decline to €18.2 billion, driven by a steep decline in the chemicals trade surplus.

• Exports fell -8.2% MoM and -1.4% YoY, while imports fell -3.0% MoM but were still slightly higher on an annual basis (+0.1% YoY).
• Intra-euro area trade edged up 0.4% MoM but decreased -2.0% YoY in April.
• The chemicals trade surplus dropped from €42.8 billion in March to €22.1 billion in April, and machinery & vehicles surplus fell to €12.8 billion from €18.1 billion.
• The euro area recorded a €71.0B trade surplus in Jan–Apr 2025, up from €68.6B in the same period of 2024.
• EU trade balance also fell to €7.4B in April from €12.8B a year earlier, with exports down -1.9% YoY and imports up +0.5% YoY.