In January 2023, exports and imports of goods recorded nominal year-on-year rates of change of +14.5% and +10.3%, respectively (+9.5% and +9.2%, in the same order, in December 2022). These variations may reflect, in part, calendar effects, given that January 2023 had one more working day than the same month of 2022 and two more than last month.
Excluding Fuels and lubricants, there were increases of 14.3% in exports and 10.8% in imports (+7.0% and +8.1%, respectively, in December 2022).
The unit value indices (prices) recorded variations of +8.1% in exports and +7.0% in imports (+9.7% and +12.2%, respectively, in December 2022). Excluding petroleum products, the variations were +8.1% in exports and +5.9% in imports (+8.4% and +9.1%, in the same order, in December 2022).
The deficit of trade balance improved by EUR 27 million when compared to January 2022, amounting to EUR 1,963 million. Excluding Fuels and lubricants, the deficit amounted to EUR 1,325 million, decreasing by EUR 35 million when compared to January 2022.
In the quarter that ended in January 2023, exports and imports grew by 14.3% and 12.3%, respectively, when compared to the same period in 2022 (+16.2% and +17.4%, in the same order, in the 4th quarter of 2022).