Exports to the United States fell almost 50% during June. Meanwhile, the commercial deficit with China grew almost with the same force.
The European Union had a commercial surplus of U $ S8.180 million In June, a 66.2% collapse compared to U $ 24,190 million registered in June last year. The main reason was The fall of the export balancein the midst of what were the negotiations for the tariffs imposed by the United States.
According to the latest data published by Eurostat, the European Statistical Office, exports U $ 277,201 millionwhile imports totaled U $ 269,020 million. In interannual terms, foreign sales grew just 0.4%, in contrast to the 6.8% increase in purchases from abroad.
In the semiannual accumulated, the trend is similar: exports of goods added US $ 1,736 billion, a 3.9%rise, while imports advanced 4.9%, to US $ 1,627 billion. That way, the surplus was U $ 109,034 million8.5% less.
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The USA and the growing deficit with China
In terms of commercial partners, United Kingdom It was consolidated as the main overlapping destination of the EU, with U $ S19.282 millionregistering A growth of 18.7%. This position displaced the United States, which had occupied first place in previous periods, in a context marked by tariff tensions.
The surplus with the North American country was reduced 48.1% up to US $ 11,218 million, while Switzerland completed the podium with US $ 661 millionshowing an increase of 21.3%.
On the side of the deficits, China maintained its position as the main deficit partner of the EU, with US $ 34,474 million. It was a jump in imports of the 44.6% compared to the previous yearreflecting the growing European dependence on Chinese products.
They were followed in the Indian deficit ranking, with US $ 2,103 million, and Norway with US $ 1,986 million.
Source: Ambito
