The flash estimate of International Trade in Goods for the 2nd quarter of 2025 points to a decrease of 1.3% in exports, while imports rose by 6.4%, in nominal terms and compared to the same period of 2024. Excluding TTE transactions, i.e., with a view to or following processing (without transfer of ownership), the decrease in exports was slightly more pronounced, at -1.7%, while the increase in imports was comparatively less marked, at +1.9%.

This estimate indicates that exports of goods declined for the first time since the second quarter of 2024, with the change of the 1st quarter of 2025 at +7.7% (+0.9% TTE excluded). Imports of goods, in turn, increased for the fifth consecutive quarter, albeit at a slight slowdown compared to the previous quarter, when year-on-year growth stood at +7.0% (+5.8% when TTE are excluded).