In July 2011, 16 EU Member States’ were showing trade deficits: Austria, Bulgaria, Cyprus, Estonia, France, Greece, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Romania, Slovenia, Spain and the United Kingdom.
A trade account deficit may be a symptom of a wider structural economic problem i.e. a loss of competitiveness in foreign markets, insufficient investment in new capital or a shift in comparative advantage towards other countries.