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In the second quarter of 2026, the EU recorded a trade deficit of €21.8 billion, as goods imported from non-EU countries (€701.8 billion) exceeded exports (€680.0 billion). This is the first trade deficit registered since the second quarter of 2023, the last of a series of deficits fuelled by soaring energy costs observed between late 2021 and mid-2023.

The deficit in the trade balance was primarily due to an increase in the deficit on energy products (from -€71.3 billion in Q1 2026 to -€101.1 billion in Q2 2026), raw materials (from -€7.9 billion to -€9.4 billion) and other manufactured goods (from -€8.3 billion to -€9.1 billion). Additionally, there was a reduction in the surplus of machinery and vehicles (from €24.9 billion in Q1 2026 to €23.2 billion) and other goods (from €11.6 billion to €9.1 billion). 

On the other hand, there were surplus increases for chemicals (from €47.1 billion to €54.0 billion) and food and drinks (from €10.7 billion to €11.5 billion). 

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Source dataset: ext_st_eu27_2020sitc

Overall, exports increased by 5.4% (+€34.9 billion) and imports by 9.9% (+€63.4 billion) compared with the previous quarter. 

Exports and imports had been declining since the second quarter of 2025, a trend that halted in the first quarter of 2026. Those declines had been partly attributed to tariff tensions. 

Click to enlarge

Source dataset: ext_st_eu27_2020sitc

For more information

• Statistics Explained article on extra-EU trade in goods - latest developments
• Thematic section on international trade in goods
• Database on international trade in goods
• International trade in goods – a statistical picture

Methodological note

Products are defined according to the standard international trade classification (SITC). The main categories are:

• food, drinks and tobacco (Sections 0 and 1 - including live animals);
• raw materials (Sections 2 and 4);
• energy products (Section 3);
• chemicals and related products (Section 5 - including pharmaceuticals and plastics);
• machinery and transport equipment (Section 7);
• other manufactured goods (Sections 6 and 8);
• other goods (Section 9).