EU reports a trade deficit of 5.4 billion euros with the US

The European Union (EU) recorded a trade deficit of 5.4 billion euros in January. Eurostat, the statistical office of the EU, published the international trade data for the EU and the Eurozone for January. In January, the EU’s exports increased by 4.4% compared to the same month last year, reaching 208.7 billion euros, while imports rose by 10.9% to 214.1 billion euros. The EU registered a trade deficit of 5.4 billion euros in that month. In the Eurozone, exports in January increased by 3% to 232.5 billion euros compared to the same month in 2024, while imports rose by 7.6% to 231.5 billion euros. As a result, the trade surplus for the Eurozone in January was recorded at 1 billion euros. During this period, the countries that imported the most from EU countries were the US with 46.7 billion euros, the UK with 28.1 billion euros, Switzerland with 17.2 billion euros, China with 14.8 billion euros, and Turkey with 8.8 billion euros. The countries that exported the most to EU countries were China with 44.8 billion euros, the US with 30.5 billion euros, the UK with 12.9 billion euros, Switzerland with 11.6 billion euros, and Turkey with 9.2 billion euros.