News · cyprus-mail.com

Eurozone records €16 . 1 billion trade deficit in August

The euro area recorded a goods trade deficit of €16.11 billion with the rest of the world in August 2026, reversing from a €1.70 billion deficit in August 2025, according to preliminary Eurostat estimates. Exports rose 9.90% to €227.70 billion, while imports climbed 16.70% to €243.80 billion. The deterioration was driven mainly by machinery and vehicles, whose balance swung from a €7.20 billion surplus to a €0.70 billion deficit, and by a wider energy deficit, which grew from €21.30 billion to €26.70 billion. Over January to August 2026, the euro area posted a €5.40 billion deficit, compared with a €90.90 billion surplus a year earlier. The wider EU recorded a €25.20 billion deficit in August 2026, against €7.50 billion a year earlier, with exports up 9.40% and imports up 18.20%.

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