EU trade in low gear: sales to the US plummet and the deficit with China soars
Between January and August, European exports to the US fell by 48.986 billion (12.7%), while imbalances with China worsened, with a negative trade balance for Europe of 277.942 billion, up 14.7%.
The European Union's exports to the US have decreased by 12.7% between January and August, totaling €48.986 billion. Meanwhile, the trade imbalance with China has worsened, with a €277.942 billion deficit, a 14.7% increase. According to Eurostat, the EU's exports to the US dropped to €335.758 billion, while imports from the US rose 4.8% to over €250.068 billion.
The EU's trade deficit with China is a significant concern, with exports to China decreasing 1.5% to €129.050 billion and imports increasing 9% to €406.993 billion. The EU's overall trade balance has resulted in a deficit of €46.100 billion, compared to a surplus of €76.400 billion the previous year.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
