In July 2026, exports and imports of goods recorded year-on-year nominal changes of +6.5% and +0.6%, respectively (+10.7% and -19.6%, in the same order, in June 2026). Excluding transactions without transfer of ownership (TTE), i.e., transactions with a view to or following processing, there was a steeper increase in both flows: +7.0% in exports and +5.5% in imports (+11.7% and +16.9%, respectively, in June 2026). With exports growing faster than imports, the trade deficit in goods stood at EUR 3,052 million, improving by EUR 393 million compared with July of the previous year. However, when TTE are excluded, the trade deficit amounted to EUR 3,065 million euros, deteriorating by EUR 65 million euros.
In July 2026, the unit value index (prices) of exports continued the upward trajectory observed in the previous months, recording a positive change of 5.6% (+4.8% in June 2026 and -1.9% in July 2025). Imports recorded their fourth consecutive positive change (+5.1%), following +6.1% in June 2026 and -3.0% in July 2025.
