In January 2018, exports and imports of goods recorded year-on-year nominal growth rates of +9.6% and +12.4% respectively, both accelerating compared to the previous month (0.0% and -0.5% in the same order, in December 2017). More than half (62%) of the increase in exports was due to Transport equipment. It should also be noted that the impact of this category was also significant in imports, accounting for 24% of the increase when compared to January 2017.
The deficit of trade balance amounted to EUR 1,249 million in January 2018, i.e. increasing by EUR 245 million when compared with January 2017. Excluding Fuels and lubricants, the trade balance stood at EUR -742 million, corresponding to an increase of EUR 132 million in the trade deficit compared with January 2017.
In the quarter ended in January 2018, exports and imports of goods grew by 7.3% and 7.4% respectively, vis-à-vis the same period a year earlier.