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Provisional data recorded a total trade in goods deficit of €492.0 million during June, compared to a deficit of €274.7 million in the corresponding month of 2021.

Total Trade in Goods: June 2022

Imports amounted to €796.1 million, while exports totalled €304.1 million. This represents an increase of €233.9 million and €16.6 million, respectively, over the same month of the previous year. The rise in the value of imports was primarily due to Mineral fuels, lubricants and related materials (€175.2million). On the exports side, the main increases were registered in Mineral fuels, lubricants and related materials (€32.7 million), and Miscellaneous manufactured articles (€8.6 million), partly offset by a decrease in Chemicals (€30.4 million)

Total Trade in Goods: January-June 2022

During the first six months of the year, the total trade in goods deficit widened by €619.1 million when compared to the corresponding period of 2021, reaching €1,913.4 million. Imports and exports increased by €909.0 million and €290.0 million, respectively, amounting to €3,914.7 million and €2,001.4 million . Higher imports were mainly recorded in Mineral fuels, lubricants and related materials (€366.1 million), Machinery and transport equipment (€262.4 million), Food (€95.8 million), Semi-manufactured goods (€66.0 million), and Chemicals (€60.8 million). On the exports side, the main increases were registered in Mineral fuels, lubricants and related materials (€176.6 million), Machinery and transport equipment (€45.4 million), Food (€33.6 million), and Semi-manufactured goods (€26.6 million) .

Goods were imported mainly from the European Union (54.3 per cent) and Asia (18.7 per cent). Similarly, exports were mostly directed to the European Union (35.6 per cent) and Asia (15.0 per cent). The main increase and decrease in imports were registered from Italy (€182.9 million) and the Netherlands (€20.7 million), respectively. With respect to exports, the main increase was directed to the United Kingdom (€66.9 million), whereas Italy reported the highest decrease (€41.5 million).

Trade in Goods excluding specific chapters: June 2022

In June, the deficit of trade in goods excluding specific chapters amounted to €163.3 million, compared to a deficit of €93.1 million recorded in the same month of 2021. Imports and exports amounted to €360.7 million and €197.4  million, respectively. This represents a 20.0 per cent increase in imports and a 4.9 per cent decrease in exports over the corresponding month of the previous year.

Trade in Goods excluding specific chapters: January-June 2022

During the first six months of 2022, the deficit of trade in goods excluding specific chapters widened by €293.0 million when compared to the same period of 2021, reaching €875.1 million. Both imports and exports increased by 24.7 per cent and 12.3 per cent, respectively, and amounted to €2,219.7 million and €1,344.6 million.

ARTICLE WRITTEN BY NSO

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