In November 2022, exports and imports of goods recorded nominal year-on-year growth rates of +18.9% and +16.2%, respectively (+21.1% and +26.0%, in the same order, in October 2022), reflecting a deceleration in prices: the unit value indices (prices) recorded year-on-year growth rates of +13.0% in exports and +14.1% in imports (+14.5% and +14.2%, respectively, in October 2022).
Also in nominal terms, the emphasis is on the increases in exports and imports of Transport equipment (+22.2% and +35.6%, respectively) and Fuels and lubricants (+100.4% and +36.0%, in the same order), and in exports of Capital goods and parts thereof (+30.9%).
Excluding Fuels and lubricants, there were increases of 15.5% in exports and 13.5% in imports (+19.4% and +25.2%, in the same order, in October 2022). The unit value indices (prices) excluding petroleum products recorded year-on-year growth rates of +11.8% in exports and +9.8% in imports.
The deficit of trade balance worsened by EUR 198 million compared to November 2021, amounting to EUR 2,433 million. Excluding Fuels and lubricants, the deficit amounted to EUR 1,563 million, increasing by EUR 81 million compared to November 2021.
In the quarter ended in November 2022, exports and imports grew by 21.5% and 23.8%, respectively, when compared to the same period in 2021 (+25.4% and +34.4%, in the same order, in the quarter ended in October 2022).