Foreign trade and import prices

In November 2020 seasonally-adjusted data, compared to October 2020, rose by +4.0% for outgoing flows and by +3.3% for incoming flows. Exports increased for both EU countries (+4.8%) and non EU countries (+3.2%). Imports grew by +2.6% for EU countries and by +4.2% for non EU countries.

Over the last three months, seasonally-adjusted data, compared to the previous three months, increased by +7.6% for exports and by +6.3% for imports.

In November 2020, compared with the same month of the previous year, exports rose (+1.1%) while imports fell (-3.2%). Outgoing flows grew by +0.3% for EU countries and by +2.0% for non EU countries. Incoming flows dropped by -1.3% for EU area and by -5.9% for non EU area. The trade balance in November 2020 amounted to +6,766 million Euros (+88 million Euros for EU countries and +6,679 million Euros for non EU countries).

In November 2020, import prices increased by 0.3% on monthly basis (+0.3% for the euro zone, +0.5% for the non-euro zone). Over the last three months, compared to the previous three months, import prices increased by 1.1% (+0.6% for the euro zone, +1.4% for the non-euro zone).

Import prices, compared to the same month a year ago, decreased by 5.2% in November 2020 (-0.9% for the euro zone and -9.0% for the non-euro zone).