In August 2024, in terms of nominal year-on-year changes, exports of goods decreased by 1.3% while imports increased by 1.6% (+23.9% and +15.7%, in the same order, in July 2024). 

In August 2024, compared to the same period in the previous year, there was a decrease in exports of Transport equipment (-10.6%) and increases in imports of Industrial supplies (+4.2%) and Consumer goods (+6.5%). 

Excluding Fuels and lubricants, in August 2024, there was a decrease of 1.0% in exports and a 2.0% increase in imports (+21.9% and +12.8%, respectively, in July 2024).

In August 2024, the unit value indices (prices) for exports recorded again a positive change, +0.2%, while change in imports kept negative, -3.9% (+0.5% and -2.1%, respectively, in July 2024; -6.5% and -14.1% in August 2023). Excluding petroleum products, there was a positive change in exports, +0.3%, and a decrease of 3.1% in imports (null change in exports and -3.6% in imports in July 2024; -1.3% and -4.3% in August 2023).

The trade deficit amounted to EUR 2,640 million in August 2024, corresponding to an increase of EUR 192 million vis-à-vis the same month in 2023. Excluding Fuels and lubricants, the deficit increased by EUR 180 million, amounting to EUR 1,956 million.

In the quarter ended in August 2024, exports and imports increased by 6.3% and 3.7%, respectively, year-on-year (+5.8% and +1.9%, in the same order, in the quarter ended in July 2024).