FX.co ★ Eurozone Trade Surplus Falls in April as US Tariffs Weigh

In April 2025, the Eurozone's trade surplus reduced to €9.9 billion, a decrease from the €13.6 billion recorded the previous year, and significantly below the forecast of €18.2 billion. This decline represents a significant drop from March's unprecedented peak of €37.3 billion. The contraction is primarily attributed to a substantial decrease in the chemicals surplus, subsequent to the introduction of new US tariffs. Overall, exports decreased by 1.4% year-on-year, totaling €243 billion. This decline was largely driven by notable reductions in shipments of mineral fuels, lubricants, and related materials, which plunged by 25.3%, as well as machinery and transport equipment, which fell by 5.6%. However, exports in the chemicals sector experienced a 6% increase. On the import front, total purchases increased marginally by 0.1%, reaching €233 billion. This upswing was fueled by rises in the imports of chemicals, which grew by 6.2%, and food & drink, which increased by 6.8%. Meanwhile, imports of other key categories saw significant declines.