In December 2024, exports of goods decreased by 2.5% and imports increased by 4.0%, in nominal terms and compared to the same period in the previous year (-2.0% and +4.6%, in the same order, in November 2024). 

In December 2024, the highlights were the decrease in exports of Industrial supplies (-13.1%) and the increase in imports of Fuels and lubricants (+21.3%), compared to December 2023.

Excluding Fuels and lubricants, in December 2024, exports fell by 1.1%, while imports rose by 1.8% (-2.8% and +6.0% respectively, in November 2024).

In December 2024, the unit value indices (prices) kept recording negative changes, -0.6% in exports and -0.1% in imports (-1.4% and -1.3%, respectively, in November 2024; -3.0% and -7.4% in December 2023). Excluding petroleum products, there was a decrease of 0.3% in exports and an increase of 0.9% in imports (-0.3% and -0.1%, in the same order, in November 2024; -2.1% and -4.7% in December 2023).

The deficit of the trade balance amounted to EUR 2,909 million in December 2024, corresponding to a EUR 474 million year-on-year increase. Excluding Fuels and lubricants, the deficit widened by EUR 190 million, amounting to EUR 2,135 million.

In the 4th quarter of 2024, exports and imports increased, year-on-year, by 4.0% and 5.4%, respectively (+6.2% and +5.4%, in the same order, in the quarter ended in November 2024), resulting in a EUR 659 million rise in the trade deficit.

The early annual results for 2024 point to increases in exports and imports, +2.5% and +1.9% respectively (-1.4% and -4.0% in 2023, in the same order), with the trade deficit widening by EUR 78 million to EUR 27,887 million. Excluding Fuels and lubricants, exports and imports increased by 2.0% and 3.0%, respectively, in 2024 (+0.7% and +1.7% in 2023, in the same order). Excluding Fuels and lubricants, the trade balance deficit stood at EUR 21,909 million, increasing by EUR 1,328 million compared to 2023.