In January 2017, exports and imports of goods recorded year-on-year nominal growth rates of +19.6% and +22.3% respectively, vis-à-vis January 2016 (+12.0% and +13.0% in the same order, in December 2016). Excluding Fuels and lubricants, exports increased by 17.1% and imports grew by 14.6% (+9.2% and +9.5% respectively, in December 2016).
The deficit of trade balance reached EUR 941 million in January 2017, increasing by EUR 252 million when compared with January 2016. The trade balance excluding Fuels and lubricants stood at EUR - 535 million, corresponding to a reduction of EUR 5 million in the trade deficit compared to January 2016.
In the quarter ended in January 2017, exports and imports of goods increased by 12.9% and 14.3% respectively, vis-à-vis the quarter ended in January 2016.