In October 2025, exports and imports of goods recorded nominal year-on-year changes of -5.2% and -3.0%, respectively (+14.0% and +9.8%, in the same order, in September 2025). Excluding transactions without transfer of ownership (TTE), both flows also recorded decreases, of a smaller magnitude in exports (-3.0%) and slightly higher in imports (-3.5%), compared to +3.3% and +10.6%, in the same order, in September. The trade deficit in goods reached EUR 2,805 million in October 2025, reflecting a deterioration of EUR 77 million compared to the same month of the previous year, a development that changes significantly when TTE are excluded, in which case the deficit improved by EUR 141 million.

In October 2025, unit value indices (prices) continued to show negative changes: -1.4% in exports and -1.8% in imports (-1.3% and -2.2%, respectively, in September 2025; -0.9% and -4.4% in October 2024, in the same order).

In this press release, an updated analysis of international trade flows of goods with the United States in 2025 is included, based on the data already compiled up to the third quarter of this year.