Core Viewpoint - The latest data from the European Union's statistical office indicates that the Eurozone's trade surplus in July was €12.4 billion, a decrease from €18.5 billion in the same month last year, but slightly above market expectations of €11.7 billion, reflecting ongoing impacts of external demand and changes in the trade environment [1] Trade Surplus and Imports - The Eurozone's trade surplus with the United States decreased from €16 billion to €11.2 billion, influenced by an 11.3% increase in imports and a 4.5% decline in exports [1] - Total imports in the Eurozone rose by 3.1% year-on-year to €239.1 billion, driven by increased purchases in food and beverages (+9.3%), chemicals (+10.6%), and machinery and vehicles (+2.0%) [1] - Imports from China increased by 3.6%, while imports from the UK (+1.0%), Switzerland (+7.3%), and Turkey (+9.0%) also showed upward trends [1] Export Performance - Total exports from the Eurozone saw a slight increase of 0.4% year-on-year, reaching €251.5 billion, supported by growth in food and beverages (+2.8%) and machinery and vehicles (+3.5%) [2] - However, exports of raw materials decreased by 4.7%, while fuel and lubricants exports plummeted by 18.5%, and chemical exports fell by 6.0%, which were significant drag factors on overall export performance [2]