According to the latest Eurostat’s statistics, EU exports to the US in the third quarter of this year have come out significantly lower than the same quarter of last year after EU Commission President Ursula von der Leyen agreed to a 15% tariffs on EU products by the US. The decision was criticised by many European politicians and leaders. EU products to the US spiked in the first quarter of this year in anticipation to the tariffs only to go back down in the second and third quarter.
In Q3 2025, the EU registered a €40.8 billion trade surplus in goods with the United States. In the third quarter of 2025, the EU recorded a trade surplus in chemicals and related products, machinery and vehicles, other manufactured goods and food and drink. In contrast, deficits were registered for energy, raw materials and other goods. In 2024, the EU’s goods-trade surplus with the US averaged just under €50 billion per quarter, while in 2025 it peaked at €81.2 billion in Q1 before dropping to €47.1 billion in Q2 and €40.8 billion in Q3.
However, in total the EU still seems to have sold more products to the US despite tariffs, until now. Last year the EU averaged a trade surplus with the US of up to €49.6 billion per quarter for the first three quarters, however the average trade surplus for this year was at €56.3 billion in the same period.
The US has a trade deficit of manufacturing with the EU but trade is more balance when factoring services and investments.
US tariffs have hurt the Maltese manufacturing industry with several closures of companies.
Newsroom
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