In April 2022, exports and imports of goods recorded nominal year-on-year growth rates of +17.3% and +29.2%, respectively (+13.7% and +30.8%, in the same order, in March 2022). The emphasis was on the increases in exports and imports of Industrial supplies (+26.7% and +29.7%, respectively) and Fuels and lubricants (+95.5% and +128.4%, in the same order).
Excluding Fuels and lubricants, exports and imports grew by 13.1% and 18.5%, respectively (+12.3% and +21.0%, in the same order, in March 2022).
The deficit of trade balance in goods increased by EUR 1,039 million when compared with the same month of 2021, amounting to EUR 2,445 million. Excluding Fuels and lubricants, the trade deficit was EUR 1,493 million, increasing by EUR 465 million when compared to April 2021.
In the quarter ended in April of 2022, exports and imports increased by 16.9% and 33.9%, respectively, when compared with the same period of 2021 (+18.2% and +37.0%, in the same order, in the 1st quarter of 2022). When compared with the quarter ended in April of 2020, exports and imports increased by 53.4% and 56.1%, respectively (+25.4% and +31.4%, in the same order, vis-à-vis the quarter ended in April 2019).
In the 1st quarter of 2022, the unit value indices of exports and imports maintained positive year-on-year rates of change, 16.0% and 20.3% respectively, continuing to occur a loss in terms of trade (in the 4th quarter of 2021, the increases in these indices had reached 12.5% and 16.8%, respectively). Excluding petroleum products, the unit value indices registered year-on-year rates of change of +13.0% and +14.4%, in the same order (+10.9% and +11.2%, in the 4th quarter of 2021).