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Economic Data · EU-US Trade · Tariffs · Trade Surplus
The EU's trade surplus with the US unexpectedly increased to €199.6 billion in 2025, up from €198.2 billion in 2024, as Donald Trump's tariffs failed to curb overall trade growth between the bloc and the US, according to Eurostat data.
Overall trade in goods between the EU and US grew last year, with EU exports to America rising 3.4% to €554.0 billion and imports from the US increasing 4.8% to €354.4 billion. Manufactured goods, particularly medicinal and pharmaceutical products (29.0%), comprised the majority of EU exports, many of which were exempt from US levies.
The initial surge in trade during early 2025 reflected businesses front-loading orders to pre-empt April's tariff announcements, a trend confirmed by policy analyst Varg Folkman of the European Policy Centre. Despite a subsequent slowdown in trade throughout the year, the tariffs did not significantly dent transatlantic trade, and the EU maintained a substantial goods surplus, though it ran a €148 billion deficit on services with Washington in 2024.
Future fluctuations are possible following a US Supreme Court ruling that struck down a 15% blanket tariff on most EU goods.
