EU posts €40.4 billion trade surplus in second quarter

The European Union (EU) recorded a trade surplus of €40.4 billion in the second quarter of 2024, reflecting a decline from the €55.3 billion recorded in the first quarter of the year.

According to a report released by Eurostat, the EU trade balance has recorded a surplus for four consecutive quarters.

This follows a period of deficits that lasted from the fourth quarter of 2021 until the second quarter of 2023.

This earlier deficit was largely due to a substantial shortfall in energy trade...