Foreign trade and import prices - July 2023

In July 2023 seasonally-adjusted data, compared to June 2023, decreased both for exports (-1,8%) and for imports (-4,7%). Exports decreased by -1.5% for EU countries and by -2.2% for non-EU countries. Imports dropped by -6.3% for EU countries and by -2.5% for non-EU countries.

Over the last three months, seasonally-adjusted data, compared to the previous three months, dropped both for exports (-2.5%) and for imports (-4.1%).

In July 2023, compared with the same month of the previous year, exports decreased by -7.7% and imports dropped by -19.4%. Outgoing flows decreased by -8.7% for EU countries and by -6.7% for non-EU countries. Incoming flows fell by -5.7% for EU area and dropped by -31.8% for non-EU area.

In July 2023, trade balance registered a surplus of +6.375 million Euros (+1,331 million Euros surplus for EU countries and +5,044 million Euros surplus for non-EU countries). Excluding energy, trade balance surplus reached +11,196 million Euros.

In July 2023, import prices decrease by 0.4% on monthly basis (-0.4% for the euro zone, -0.5% for the non-euro zone). Over the last three months, compared to the previous three months, import prices decreased by 3.2% (-1.4% for the euro zone, -4.6% for the non-euro zone).

Import prices, compared to the same month a year ago, decrease by 11.4% in July 2023 (-2.2% for the euro zone and -18.8% for the non-euro zone).

Please note that March and June 2023 foreign trade data incorporate an unplanned revision of import flows for non-EU countries due to delays in acquiring input data.