In October 2024, in terms of nominal year-on-year changes, exports and imports of goods increased by 17.1% and 7.5%, respectively (+4.8% and +3.4%, in the same order, in September 2024). 

In October 2024, compared to the same period in the previous year, the increases in exports of Industrial supplies (+16.8%) and Transport equipment (+21.7%) stood out. In terms of imports, Consumer goods was the highlight (+20.5%).

Excluding Fuels and lubricants, in October 2024, there were increases of 16.5% in exports and 7.0% in imports (+4.7% and +10.0%, respectively, in September 2024).

In October 2024, the unit value indices (prices) kept recording negative changes, -0.8% in exports and -4.3% in imports (-0.5% and -4.2%, respectively, in September 2024; -4.6% and -6.2% in October 2023). Excluding petroleum products, there was an increase of 0.2% in exports and a decrease of 1.8% in imports (-0.1% and -3.0%, respectively, in September 2024; -3.2% and -4.6% in October 2023).

The trade deficit amounted to EUR 2,535 million in October 2024, corresponding to a year-on-year decrease of EUR 390 million. Excluding Fuels and lubricants, the deficit fell by EUR 412 million, amounting to EUR 1,857 million.

In the quarter ended in October 2024, exports and imports increased by 7.1% and 4.2%, respectively, year-on-year (+9.4% and +7.2%, in the same order, in the 3rd quarter 2024), leading to a reduction in the trade deficit by EUR 177 million.