The EU's trade deficit with China now stands at €1 billion per day.
Foreign AffairsEuropean Union
- Omissions
- The €1 billion/day figure refers to the EU's trade in GOODS with China only; it excludes trade in services, where the EU runs a surplus with China, so the overall (goods + services) deficit is smaller.
- The deficit is driven as much by strong EU demand for Chinese imports as by Chinese barriers; the figure alone does not indicate the cause of the imbalance.
- The 'record' framing is period-dependent: the Q2 2026 quarterly deficit (€103bn) is the highest since Q3 2022 (€107bn), but Q3 2022 was actually larger on a quarterly basis, so the €1bn/day pace is not an all-time high on every measure.