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Foreign trade and import prices - January 2026

In January 2026, seasonally adjusted data, compared to December 2025, showed a slight decrease for exports (-0.1%) and a larger decrease for imports (-1.3%). Exports increased by +1.4% for EU countries but fell by -1.6% for non-EU countries. Imports rose for EU countries (+0.6%), while they decreased by -3.8% for non-EU countries.

In the last quarter, compared with the previous one, seasonally adjusted data decreased both for exports (-0.1%), although modest, and imports (-2.2%).

In January 2026, compared to the same month of the previous year, exports decreased by -4.6% and imports by -7.4%. Outgoing flows declined by -3.9% for EU countries and by -5.5% for non-EU countries. Incoming flows fell both for EU area (-2.0%) and non-EU area (-13.9%).

In January 2026, trade balance recorded a surplus of +1,089 million Euros (-1,138 million Euros deficit for EU countries and +2,227 million Euros surplus for non-EU countries). Excluding energy, the trade balance surplus amounted to +4,556 million Euros.

In January 2026, import prices increased by 0.2% on monthly basis (+0.4% for the Euro zone, +0.2% for the non-Euro zone). Over the last three months, compared to the previous three months, import prices decreased by 0.2% (+0.2% for the Euro zone, -0.5% for the non-Euro zone).

Import prices, compared to the same month a year ago, decreased by 3.3% (-0.5% for the Euro zone, -5.5% for the non-Euro zone).

As of January 2026, monthly estimates of intra-EU import flows will be based not only on data collected through the Intrastat survey, but also on intra-EU export microdata received from the other EU Member States (Micro-Data Exchange, MDE) and “invoice data” provided by the Italian Revenue Agency. The full utilization of the MDE source and the availability of the new “invoice data” source have enabled a significant reduction in the statistical burden of the Intrastat import survey, with approximately 10,000 economic operators exempted out of the 14,000 obliged to report in 2025.

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