Foreign trade and import prices - December 2024

In December 2024, seasonally adjusted data, compared to November 2024, increased for exports (+1.9%) while decreased for imports (-0.8%). Exports grew by +3.5% for EU countries and by +0.3% for non-EU countries. Imports decreased by -1.3% for EU countries and by -0.2% for non-EU countries.

Over the last quarter, seasonally-adjusted data, compared to the previous one, increased for both exports and imports (+0.8% for both).

In December 2024, compared to the same month of the previous year, exports increased by +2.9% and imports by +1.7%. Outgoing flows rose for both EU countries (+1.4%) and non-EU countries (+4.2%). Incoming flows declined by -2.4% for the EU area while increased by +7.7% for the extra-EU area.

In the year 2024, compared to 2023, outgoing flows decreased by -0.4% (-1.9% for EU countries and +1.2% for non-EU countries) and incoming flows declined by -3.9% (-2.2% for EU countries and -6.2% for non-EU countries).

In December 2024, trade balance registered a surplus of +5,980 million Euros (-1,861 million euros deficit for EU countries and +7,842 million euros surplus for non-EU countries). Excluding energy, trade balance surplus amounted to +10,717 million Euros.

In the year 2024, the trade balance registered a surplus of +54,923 million Euros compared to the surplus of +34,011 million Euros the year earlier; excluding energy, the surplus was equal to 104,478 million Euros compared with a 99,148 million Euros surplus in 2023.

In December 2024, import prices increased by 0.3% on monthly basis (-0.6% for the euro zone, +1.2% for the non-euro zone). Over the last three months, compared to the previous three months, import prices decreased by 0.5% (-0.5% for the euro zone, -0.6% for the non-euro zone).

Import prices, compared to the same month a year ago, increased by 0.1% (-0.7% for the euro zone and +0.9% for the non-euro zone).  In 2024, compared with 2023, import prices decreased by 1.5% (-1.1% for the euro zone, -2.1% for the non-euro zone).