The Euro Area recorded a €14.2 billion trade surplus in July 2026, up from €10.7 billion a year earlier and the largest monthly surplus since October 2025. Goods exports increased 9% to €276 billion, their highest level in more than 16 months, while imports rose 7.9% to €261.8 billion. The improvement was driven mainly by a stronger surplus in chemicals and related products, along with additional surpluses in other manufactured goods and food and drink, which more than offset a weaker machinery and vehicles balance. The energy deficit narrowed to €26.1 billion from €28 billion. Exports to the US, UK and Switzerland rose 10.7%, 3.1% and 14.2%, respectively. Imports from the US and UK increased 12.6% and 16.7%, while imports from China fell 32.3%.