In October 2019, exports and imports of goods recorded nominal year-on-year growth rates of +8.4% and +6.5% respectively (+5.4% and +13.3% in September 2019, in the same order). The increases in exports and imports of Transport equipment (+12.9% and +19.3%, respectively) stood out.
Excluding Fuels and lubricants, exports grew by 7.3% and imports increased by 5.9% (+6.7% and +10.4% respectively, in September 2019).
The trade balance deficit in goods increased by EUR 7 million when compared to the same month of 2018, reaching EUR 1,647 million in October 2019. Excluding Fuels and lubricants, the trade balance stood at EUR -1,138 million, corresponding to a decrease of EUR 6 million in the trade deficit vis-à-vis October 2018.
In the quarter ended in October 2019, exports and imports of goods increased by 3.6% and by 5.3%, respectively, compared to the same quarter of 2018 (+1.0% and +6.4% in the same order, in the 3rd quarter 2019).