Eurozone trade loses momentum under pressure from energy costs and Chinese imports

Source: Eurostat (Statistical Office of the European Union)

The eurozone recorded a notable shift in its trade performance in April 2026, swinging from a trade surplus to a deficit for the first time in a year, as imports grew faster than exports, the energy bill widened, and the large deficit with China persisted. The eurozone posted a goods trade deficit with the rest of the world of 1.0 billion euros.