Eurozone Handelsbilanzsaldo

The Euro Area trade surplus fell to €1.0 billion in August 2025, down from €3.0 billion a year earlier and well below market expectations of €6.9 billion. The surplus with the US, a highly sensitive measure, shrank to €5.8 billion from €14.2 billion, driven by a 22.3% drop in exports and a modest 0.6% decline in imports, amid ongoing trade tariff uncertainty. Total exports fell 4.7% to €205.9 billion, weighed down by weaker sales of chemicals (-9.6%), and machinery and vehicles (-3.9%). By destination, shipments dropped to China (-12.8%), Japan (-24.9%), Turkey (-10.0%), South Korea (-14.2%), India (-9.8%), Brazil (-7.3%), and the UK (-0.1%). Meanwhile, imports fell more gradually, down 3.8% to €204.9 billion, driven by lower purchases of fuels and lubricants (-16.9%) and crude materials (-9.7%). Imports were down from Norway (-16.6%), the UK (-9.5%), China (-8.2%), and India (-6.1%).