Foreign trade and import prices - August 2023

In August 2023 seasonally-adjusted data, compared to July 2023, increased both for exports (+5.1%) and for imports (+3.8%). Exports rose by +3.5% for EU countries and by 6.9% for non-EU countries. Imports increased by +3.7% for EU countries and by +3.8% for non-EU countries.

Over the last three months, seasonally-adjusted data, compared to the previous three months, increased slightly for exports (+0.3%) and decreased for imports (-2.0%).

In August 2023, compared with the same month of the previous year, exports rose by +2.5% and imports dropped by -20.9%. Outgoing flows decreased by -3.7% for EU countries while rose by +8.9% for non-EU countries. Incoming flows fell by -6.6% for EU area and dropped by -32.6% for non-EU area.

In August 2023, trade balance registered a surplus of +2,070 million Euros (-1,011 million Euros deficit for EU countries and +3,081 million Euros surplus for non-EU countries). Excluding energy, trade balance surplus was equal to +6,612 million Euros.

In August 2023, import prices decreased by 0.3% on monthly basis (-0.4% for the euro zone, -0.1% for the non-euro zone). Over the last three months, compared to the previous three months, import prices decreased by 2.2% (-1.4% for the euro zone, -3.0% for the non-euro zone).

Import prices, compared to the same month a year ago, fell by 12.7% in August 2023 (-3.3% for the euro zone, -20.1% for the non-euro zone).