In June 2024, exports and imports of goods recorded nominal year-on-year rates of change of, respectively, -3.8% and -6.4% (-0.8% and -3.6%, in the same order, in May 2024).
In June 2024, year-on-year, exports of Transport equipment (-18.5%), mostly Passenger motor cars, and imports of Fuels and lubricants (-19.9%), mostly due to the decrease in volume of Crude oil (-42.1%), stood out.
Excluding Fuels and lubricants, there were decreases of 4.7% in exports and 4.6% in imports in June 2024 (-1.5% and -4.3% respectively in May 2024).
In June 2024, the unit value indices (prices) recorded negative rates of change, -0.1% in exports and -2.7% in imports (0.0% and -2.0%, respectively, in May 2024; -5.2% and -9.4% in June 2023). Excluding petroleum products, there were decreases of 0.8% in exports and 3.4% in imports (-0.8% and -3.2%, respectively, in May 2024; +0.2% and -3.0% in June 2023).
The deficit of the trade balance amounted to EUR 1,892 million in June 2024, corresponding to a decrease of EUR 323 million vis-à-vis the same month in 2023. Excluding Fuels and lubricants, the deficit decreased by EUR 68 million, amounting to EUR 1,533 million.
In the 2nd quarter of 2024, year-on-year, exports and imports increased by, respectively, 2.9% and 0.8% (-0.9% and -2.4%, in the same order, in the quarter that ended in May 2024). In the 1st half of 2024, exports and imports fell by 0.9% and 2.5%, respectively, compared to the same period in 2023 (+3.7% and +1.0%, in the same order, in the 1st half of 2023).
In addition to the usual monthly results, this press release presents the definitive results for the year 2023, with annual rates of change of -1.4% in exports and -4.0% in imports, reflecting revisions of -0.3 p.p. and +0.3 p.p., respectively, compared to the preliminary results published in June, as a result of additional information that has since become available.
