Euro Area Trade Surplus Shrinks in June 2025 Amid Decline in Chemicals Surplus

Strategic Insights -

The euro area recorded a surplus of £7.0 billion in trade in goods with the rest of the world in June 2025, a significant decline from the £20.7 billion surplus in June 2024. Euro area exports of goods to the rest of the world reached £237.2 billion, up 0.4% compared to June 2024. Imports from the rest of the world stood at £230.2 billion, marking a rise of 6.8% from £215.6 billion a year earlier.

Key Takeaways:

  • The euro area trade surplus fell sharply to £7.0 billion in June 2025 from £20.7 billion in June 2024, primarily driven by a decline in the surplus of chemicals and related products from £24.4 billion to £15.1 billion.
  • Euro area exports of goods to the rest of the world rose to £237.2 billion, an increase of 0.4% compared with June 2024.
  • Imports from the rest of the world stood at £230.2 billion, marking a rise of 6.8% from £215.6 billion a year earlier.
  • The decline in the euro area trade surplus was mainly driven by a reduction of the surplus in chemicals and related products, which fell from £20.6 billion to £15.1 billion compared with June 2024.
  • Surpluses in machinery and vehicles also decreased from £17.4 billion to £13.6 billion, while other manufactured products shifted from a surplus of £2.4 billion to a deficit of £0.4 billion.
  • Between January and June 2025, the euro area recorded a surplus of £93.3 billion, down from £102.0 billion in the same period in 2024.
  • Euro area exports of goods to the rest of the world rose to £1,485.8 billion, an increase of 3.9% compared with January to June 2024.
  • Imports increased to £1,392.5 billion, up 4.9% compared with the same period last year.
  • Intra-euro area trade rose to £1,319.5 billion in the first half of 2025, marking a 1.3% increase compared with January to June 2024.
  • The European Union as a whole recorded a trade surplus of £8.0 billion with the rest of the world in June 2025, down from £20.3 billion in June 2024.

Statistics:

  • Euro area trade surplus: £7.0 billion (June 2025), £20.7 billion (June 2024)
  • Euro area exports of goods to the rest of the world: £237.2 billion (June 2025), £236.3 billion (June 2024)
  • Imports from the rest of the world: £230.2 billion (June 2025), £215.6 billion (June 2024)
  • Euro area trade surplus between January and June 2025: £93.3 billion, £102.0 billion (same period in 2024)
  • Euro area exports of goods to the rest of the world between January and June 2025: £1,485.8 billion, £1,435.5 billion (same period in 2024)
  • Imports between January and June 2025: £1,392.5 billion, £1,323.7 billion (same period in 2024)
  • Intra-euro area trade between January and June 2025: £1,319.5 billion, £1,300.5 billion (same period in 2024)

Sources:

  • Eurostat
  • European Union
  • European Commission