European Union Records First Trade Deficit Since 2023 Amid Surging Energy Costs

EU posts first trade deficit since 2023 as energy import costs surge

The European Union recorded a €21.8 billion trade deficit during the second quarter of 2026, marking the bloc’s first negative balance since the middle of 2023, according to Eurostat. Goods imported from non-EU nations reached €701.8 billion, easily outpacing exports of €680.0 billion during the three-month period. The shift represents the first trade deficit registered […]