Goods trade: over $34 Bln deficit for EU in June

The goods trade deficit of the European Union amounted to €34 billion ($34.4 billion) in June, deteriorating from a surplus of €14 billion the same month last year, the EU’s statistical office reported on Tuesday.

Exports of goods to the rest of the world rose 19.4% to €224.9 billion, while imports surged 48.5% to €258.9 billion over this period, according to the latest euro indicators published by Eurostat.

Intra-euro area trade rose to €366.6 billion, up 23% from a year ago.

“In the first six months of 2022, the highest increases were recorded in the imports and, with a lower value, exports of energy, leading to a significant increase in the EU trade deficit in energy,” it added.

The deficit in January-June was minus €290.8 billion, compared to minus €105.6 billion in the same period last year.