Foreign trade and import prices - August 2024

In August 2024, seasonally-adjusted data shows a +0.3% increase in exports compared to July 2024, while imports decreased by -0.7%. Exports decreased by -0.7% for EU countries and rose by +1.3% for non-EU countries. Imports declined by -1.4% for EU countries and increased by +0.4% for non-EU countries.

Over the last quarter, seasonally-adjusted data, compared to the previous one, decreased for both exports (-1.5%) and imports (-0.1%).

In August 2024, compared to the same month of the previous year, exports fell by -6.7% and imports by    -5.7%. Outgoing flows declined for both EU countries (-6.5%) and non-EU countries (-6.8%). Incoming flows dropped by -5.1% for the EU area and by -6.4% for the extra-EU area.

In August 2024, trade balance registered a surplus of +1,431 million Euros (-1,364 million Euros deficit for EU countries and +2,794 million Euros surplus for non-EU countries). Excluding energy, trade balance surplus amounted to +5,550 million Euros.

In August 2024, import prices decreased by 0.5% on monthly basis (-0.2% for the euro zone, -0.8% for the non-euro zone). Over the last three months, compared to the previous three months, import prices increased by 0.5% (+0.3% for the euro zone, +0.7% for the non-euro zone).

Import prices, compared to the same month a year ago, increased by 1.0% (+0.2% for the euro zone and +1.9% for the non-euro zone).