International Trade Statistics, January 2017, INE

Page created: Monday, 13 March 2017 11:20GMT

Press Release:  13 March 2017 - 9 Page(s)
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Exports  Goods  Imports   Trade

Exports and imports increased by 19.6% and 22.3% respectively, in nominal terms

In January 2017, exports and imports of goods recorded year-on-year nominal growth rates of +19.6% and +22.3% respectively, vis-à-vis January 2016 (+12.0% and +13.0% in the same order, in December 2016). Excluding Fuels and lubricants, exports increased by 17.1% and imports grew by 14.6% (+9.2% and +9.5% respectively, in December 2016).

The deficit of trade balance reached EUR 941 million in January 2017, increasing by EUR 252 million when compared with January 2016. The trade balance excluding Fuels and lubricants stood at EUR – 535 million, corresponding to a reduction of EUR 5 million in the trade deficit compared to January 2016.

In the quarter ended in January 2017, exports and imports of goods increased by 12.9% and 14.3% respectively, vis-à-vis the quarter ended in January 2016.

GLOBAL RESULTS

In January 2017, as regards year-on-year rates of change, exports increased by 19.6% (+12.0% in December 2016), due to the evolution recorded in both types of trade: +15.9% in Intra-EU trade (+11.7% in December 2016) and +33.0% in Extra-EU trade (+12.8% in December 2016). Imports increased by 22.3% (+13.0% in December 2016), given that both Intra-EU and Extra-EU imports have increased: +16.8% and +41.3% respectively (+8.4% and +29.1% in December 2016 respectively). This evolution was partly due to the difference in the number of working days in the reference period, given that the month of January 2017 accounted for two more working days in comparison with the preceding month and with the same month of the previous year.

Excluding Fuels and lubricants, exports increased by 17.1% and imports grew by 14.6% from January 2016 (+9.2% and +9.5% respectively, in December 2016).

Vis-à-vis December 2016, exports increased by 8.0%, as a result of the increase recorded in Intra-EU exports, given that Extra-EU trade decreased. Imports declined by 2.1% due to the evolution of Intra-EU trade, since Extra-EU imports have increased.

In the quarter ended in January 2017, exports increased by 12.9% and imports grew by 14.3% vis-à-vis the quarter ended in January 2016 (+5.0% and +6.4% respectively, in the quarter ended in December 2016).



Original title:  Exports and imports increased by 19.6% and 22.3% respectively, in nominal terms

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