Rising energy imports drove the euro area into a trade deficit for the first time since March, reversing a €4.9 billion surplus.
The euro area posted a €1.0 billion trade deficit in April, down from a €4.9 billion surplus in March, as energy imports surged. Exports rose 5.0% year-on-year, while imports climbed 9.3%, widening the gap.
The deficit contrasts with an €8.7 billion surplus in April 2025 and a €63.7 billion year-to-date surplus in the same period last year. Energy imports drove the shift, with the deficit widening to €28.8 billion from €24.0 billion in March.
Higher energy prices linked to Middle East tensions were cited as the primary factor. Seasonally adjusted data still showed a €1.3 billion surplus, but the trend points to sustained pressure on the trade balance.