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). 

Click to enlarge

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).

Northwest Arkansas has been changing. Walmart, which has been rooted in Bentonville for more than 75 years, has reshaped the small town, and now that growth is spreading into the surrounding countryside. With that change, writes Jordan P. Hickey in this poignant essay, come wealthy newcomers looking for a country lifestyle and gravel cyclists riding thousands of unpaved rural roads. And then there are the dogs—who have been here longer than any of these transplants—caught in the midst of it all. Hickey calls them “yarddogs,” finding in them a metaphor for a region in the process of transformation. (Subscription required.)

Downtown Bentonville, so carefully planned, feels surreal today—”Disneyfied,” “Pleasantville,” “gentrification” are the apt words of the critics.And not that it needs to be said, but there are no yarddogs in Bentonville. Not anymore. Here, there are only good dogs. Dogs on leashes, dogs that have been to school, dogs that listen, obey, behave, and will not lunge at every passing jogger. 

But, of course, this is not really about dogs at all.