EU experiences goods trade deficit in Q2 2026 due to increased energy imports

The European Union recorded a €21.8 billion goods trade deficit in Q2 2026, its first since mid-2023. This shift is primarily due to a significant increase in the energy deficit, which expanded from €71.3 billion to €101.1 billion. This development indicates a worsening trade balance for the EU, largely driven by higher energy import costs.