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Eurozone's May Trade Deficit Widens to €50B, Largest Since January 2023 as Energy Imports Surge

Commodities Forex

2026-07-16 09:27:09

According to Jin10, the Eurozone's May trade deficit widened to €50 billion (seasonally adjusted), marking the largest deficit since January 2023, driven by surging energy imports and weakening export growth. Energy trade deficit reached €303 billion in May, significantly above the pre-conflict historical range of €180-200 billion. Year-to-date through May, the Eurozone's trade surplus fell to €33 billion, down from €787 billion in the same period last year. May exports grew only 0.1% year-over-year, while imports surged 10%, underscoring the sharp divergence in trade dynamics.

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