In June 2021, exports and imports of goods recorded nominal year-on-year growth rates of +21.4% and +29.4%, respectively (+55.0% and +52.9% in May 2021, in the same order). Compared to June 2019, there were rates of change of +8.4% and +0.8%, in the same order.
Excluding Fuels and lubricants, exports and imports grew by 17.6% and 24.0% respectively (+49.1% and +42.2%, in the same order, in May 2021). Vis-à-vis June 2019, exports and imports increased by 8.0% and 4.1%, respectively.
The deficit of trade balance in goods increased by EUR 609 million when compared with the same month of 2020 (it decreased by EUR 347 million when compared with June 2019), amounting to EUR 1,523 million in June 2021. Excluding Fuels and lubricants, the trade deficit amounted to EUR 1,198 million.
In the 2nd quarter of 2021, exports of goods increased by 49.0% and imports grew by 46.7%, when compared with the same period of 2020 (+51.6% and +39.3% in the same order, in the quarter ended in May 2021). Compared with the 2nd quarter of 2019, exports increased by 2.9% and imports decreased by 2.9%. These results, reflecting the adding of new data, revise the year-on-year rate of change of exports by 0.1 p.p. downwards and the year-on-year rate of change of imports 0.4 p.p. upwards concerning the 2nd quarter of 2021 presented in the quarterly flash estimate.
Considering the weight "Forest products" have in the international trade of goods (8,7% of exports and 3,4% of imports in 2020), this press release presents a box dedicated to this group of products, whose exports and imports increased by 16.6% and 9.7%, respectively, in the first half of 2021 after the decreases recorded in 2020, having already exceeded by 1.7% and 0.9%, respectively, the levels of the first half of 2019. In particular, "Paper and paperboard", the main exported product, was the only one to maintain, in the first half of 2021, a lower level of exports than in the same period of 2019 (-7.3%), mainly due to "Paper and paperboard for graphic uses" (-17.6%).