In November 2024, exports of goods decreased by 1.8% year-on-year, while imports increased by 4.7%, both in nominal terms (+16.9% and +7.3%, in the same order, in October 2024). 

In November 2024, compared to the same period in the previous year, the most notable decreases were observed in exports of Transport equipment (-10.0%) and Capital goods (-7.7%). In terms of imports, Industrial supplies was the highlight (+23.6%).

Excluding Fuels and lubricants, in November 2024, there was a 2.6% decrease in exports and a 6.1% increase in imports (+16.5% and +6.9%, respectively, in October 2024).

In November 2024, the unit value indices (prices) kept recording negative changes, -1.4% in exports and -1.3% in imports (-0.8% and -4.3%, respectively, in October 2024; -3.5% and -7.0% in November 2023). Excluding petroleum products, there were decreases of 0.3% and 0.1% in exports and imports, respectively (-0.2% and -1.8%, in the same order, in October 2024; -3.2% and -4.6% in November 2023).

The trade deficit amounted to EUR 2,502 million in November 2024, corresponding to a year-on-year increase of EUR 545 million. Excluding Fuels and lubricants, the deficit widened by EUR 659 million, amounting to EUR 2,174 million.

In the quarter ended in November 2024, exports and imports increased by 6.4% and 5.2% year-on-year, respectively (+7.1% and +4.2%, in the same order, in the quarter ended in October 2024), resulting in a EUR 148 million rise in the trade deficit.