In February 2026, exports and imports of goods recorded nominal year-on-year changes of -14.9% and -6.3%, respectively (-14.1% and -2.3% in the same order, in January 2026). When transactions without transfer of ownership (TTE), i.e., transactions with a view to or following processing, are excluded, both flows showed a milder contraction (-6.5% in exports and -4.2% in imports; -5.2% and -0.5%, respectively, in January 2026). The trade deficit in goods amounted to EUR 2,546 million, up EUR 489 million from February of the previous year. Excluding TTE, the trade deficit went up by EUR 38 million to EUR 2,610 million.

In February 2026, unit value indices (prices) remained negative for both exports (-2.3%) and imports (-3.2%). These changes compare with -3.0% in exports and -4.1% in imports in January 2026 and +0.4% in exports and +0.3% in in imports in February 2025.