In July 2022, exports and imports of goods recorded nominal year-on-year growth rates of +28.3% and +29.2%, respectively (+37.4% and +41.8%, in the same order, in June 2022). It should be noted that the unit value indices (prices) registered year-on-year growth rates of +18.3% in exports and +22.8% in imports.

Also in nominal terms, the increases of Industrial supplies (+27.8% in exports and +21.1% in imports), and Fuels and lubricants (+124.0% and +93.3%, respectively) should be noted. 

Excluding Fuels and lubricants, exports and imports increased by 23.1% and 20.7% respectively (+30.1% and +23.6%, in the same order, in June 2022). Excluding petroleum products, the unit value indices (prices) registered year-on-year growth rates of +13.8% in exports and +14.7% in imports. 

The deficit of trade balance in goods increased by EUR 504 million compared to July 2021, amounting to EUR 2,058 million. Excluding Fuels and lubricants, the total deficit amounted to EUR 1,099 million, increasing by EUR 87 million compared to July 2021.

In the quarter ended in July 2022, exports and imports increased by 35.3% and 38.5%, respectively, compared to the same period in 2021 (+31.2% and +37.7%, in the same order, in the 2nd quarter of 2022). 

In the 2nd quarter of 2022, the unit value indices of exports and imports continued to record sharp positive year-on-year rates of change, 18.9% and 25.0%, respectively, maintaining a loss in terms of trade (in the 1st quarter of 2022, the increases in these indices reached 16.0% and 20.3%, respectively). Excluding petroleum products, the unit value indices registered year-on-year rates of change of +13.9% and +15.8%, in the same order (+13.0% and +14.4%, in the 1st quarter of 2022).