Costly energy imports push euro zone into trade deficit in June

Eurostat said the trade gap of the 19 countries sharing the euro with the rest of the world was 24.6 billion euros in June compared to a 17.2 billion surplus in June 2021

Euro zone countries swung into a trade deficit in June from a surplus 12 months earlier because of soaring prices of imported gas and oil, Eurostat data showed on Tuesday.

The EU’s trade gap with Russia, its main supplier of gas and oil, almost quadrupled to 90.6 billion euros in the first six months from 24.6 billion in the same period of last year.

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