Foreign trade and import prices

In August 2020 seasonally-adjusted data, compared to July 2020, rose by +3.3% for outgoing flows and by +5.1% for incoming flows. Exports grew for both EU countries (+5.3%) and non EU countries (+1.2%). Imports increased by +5.2% for EU countries and by +4.9% for non EU countries.

Over the last three months, seasonally-adjusted data, compared to the previous three months, increased for both exports (+26.2%) and imports (+18.7%).

In August 2020, compared with the same month of the previous year, both exports and imports fell (-7.0% and -12.6% respectively). Outgoing flows decreased by -3.8% for EU countries and by -9.9% for non EU countries. Incoming flows dropped by -9.1% for EU area and by -16.6% for non EU area. The trade balance in August 2020 amounted to +3,928 million Euros (+348 million Euros for EU countries and +3,581 million Euros for non EU countries).

In August 2020, import prices were unchanged compared to the previous month (-0.1% for the non-euro zone, 0.0% for the euro zone). Over the last three months, compared to the previous three months, import prices decreased by 0.4% (-0.5% for the euro zone, 0.0 for the non-euro zone).

Import prices, compared to the same month a year ago, decreased by 5.8% in August 2020 (-2.0% for the euro zone and -9.3% for the non-euro zone).