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Exports and imports increased by 18.7% and 9.3% in nominal terms
International trade statistics
Exports and imports increased by 18.7% and 9.3% in nominal terms - March 2023
10 May 2023

Summary

In March 2023, exports and imports of goods recorded nominal year-on-year rates of change of +18.7% and +9.3%, respectively (+6.9% and +7.1%, in the same order, in February 2023). It should be noted that March 2023 had one more working day than the same month in 2022 and four more working days than the previous month.

The increases in exports and imports of Industrial supplies (+19.0% and +12.5%, respectively) and the decrease in imports of Fuels and lubricants (-12.7%) are noteworthy. In the latter case, reflecting the decrease in prices.

Excluding Fuels and lubricants, there were increases of 20.8% in exports and 13.4% in imports (+9.9% and +14.3%, respectively, in February 2023). 

The unit value indices (prices) recorded rates of change of +4.8% in exports and -2.2% in imports (+7.1% and +4.4%, respectively, in February 2023; in March 2022, the rates of change had been +16.9% and +21.1%). Excluding petroleum products, year-on-year variations were +6.4% in exports and +0.4% in imports (+7.4% and +4.6%, respectively, in February 2023; in March 2022, the changes were +14.3% and +14.5%).

The deficit of the trade balance was reduced by EUR 388 million when compared to March 2022, amounting to EUR 2,088 million. Excluding Fuels and lubricants, the deficit decreased by EUR 250 million, amounting to EUR 1,267 million.

In the 1st quarter of 2023, exports and imports increased by 13.2% and 9.1%, respectively, when compared to the same period in 2022 (+9.7% and +9.2%, in the same order, in the quarter ended in February 2023). 


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