Foreign trade and import prices - October 2023

In October 2023 seasonally-adjusted data, compared to September 2023, increased both for exports (+3.8%) and for imports (+2.8%). Exports rose by +1.4% for EU countries and by +6.5% for non-EU countries. Imports increased by +2.4% for EU countries and by +3.2% for non-EU countries.

Over the last three months, seasonally-adjusted data, compared to the previous three months, rose for exports (+2.4%) and increased slightly for imports (+0.5%).

In October 2023, compared with the same month of the previous year, exports increased by +3.0% and imports dropped by -9.2%. Outgoing flows decreased by -2.6% for EU countries while rose by +9.4% for non-EU countries. Incoming flows decreased by -0.3% for EU area and dropped by -18.6% for non-EU area.

In October 2023, trade balance registered a surplus of +4,699 million Euros (-684 million Euros deficit for EU countries and +5,383 million Euros surplus for non-EU countries). Excluding energy, trade balance surplus was equal to +9,819 million Euros.

In October 2023, import prices increased by 1.1% on monthly basis (+0.1% for the euro zone, +1.8% for the non-euro zone). Over the last three months, compared to the previous three months, import prices increased by 0.1% (-0.8% for the euro zone, +0.9% for the non-euro zone).

Import prices, compared to the same month a year ago, decreased by 10.2% in October 2023 (-2.9% for the euro zone and -16.1% for the non-euro zone).