In June 2022, exports and imports of goods recorded nominal year-on-year growth rates of +37.1% and +41.6%, respectively (+40.7% and +45.0%, in the same order, in May 2022). Should be noted that the unit value indices (prices) registered year-on-year increases of +18.6% in exports and +26.0% in imports.

Also in nominal terms, should be noted the increases in both flows of Industrial supplies (+29.0% in exports and +21.2% in imports), Fuels and lubricants (+159.8% and +220.3%, respectively), and Transport equipment (+60.6% and +46.1%, in the same order). 

Excluding Fuels and lubricants, exports and imports increased by 29.8% and 23.4% respectively (+35.0% and +33.2%, in the same order, in May 2022). The unit value indices (prices) excluding petroleum products registered year-on-year increases of 13.0% in exports and 14.6% in imports. 

The deficit of trade balance in goods increased by EUR 903 million compared to June 2021, amounting to EUR 2,522 million. Excluding Fuels and lubricants, the total deficit amounted to EUR 1,275 million, decreasing by EUR 9 million compared to June 2021.

In the 2nd quarter of 2022, exports and imports increased by 31.2% and 37.7%, respectively, compared to the same period in 2021 (+22.9% and +33.3%, in the same order, in the quarter ending in May 2022). 

In addition to the usual publication of the monthly results, the definitive results for the year 2021 are made available in this press release, which, given the additional data obtained in the meantime, present revisions compared to the preliminary results released in June: annual growth rates of +18.3% in exports and +22.0% in imports (revisions of +0.0 p.p. and +0.6 p.p., respectively).