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2025-09-15 17:52:13
Eurozone Trade Surplus Narrows to €12.4 Billion in July: (1) The Eurozone's trade surplus narrowed to €12.4 billion in July 2025, down from €18.5 billion in the same period last year, but slightly above market expectations of €11.7 billion. (2) The trade surplus with the United States narrowed from €16 billion to €11.2 billion, driven by an 11.3% surge in imports and a 4.5% decline in exports, reflecting the continued impact of trade tariff uncertainty. (3) Total imports increased by 3.1% to €2,391 billion, primarily driven by increased purchases of food and beverages (+9.3%), chemicals (+10.6%), and machinery and vehicles (+2.0%). (4) Imports from China increased by 3.6%, with increases in imports from the United Kingdom (+1.0%), Switzerland (+7.3%), and Turkey (+9.0%). (5) Total exports rose slightly by 0.4% to €2,515 billion, supported by growth in shipments of food and beverages (+2.8%) and machinery and vehicles (+3.5%). ⑹ Decreases in exports of raw materials (-4.7%), fuels and lubricants (-18.5%), and chemicals (-6.0%) dragged down the economy.
