Total Trade in Goods: January 2023

Data in this news release presents all international trade in goods registered up to the indicated cut-off date. Provisional data recorded a total trade in goods deficit of €250.5 million during January, compared to a deficit of €173.0 million in the corresponding month of 2022. Imports amounted to €625.0 million, while exports totalled €374.5 million. This represents an increase of €76.4 million in imports and a decline of €1.1 million in exports over the same month of the previous year (Table 1). The rise in the value of imports was primarily due to Machinery and transport equipment (€74.1 million). On the exports side, the main decreases were registered in Food (€17.1 million), and Chemicals (€15.4 million), partly offset by an increase in Machinery and transport equipment (€30.1 million) (Table 3).

Goods were imported mainly from the European Union (44.7 per cent) and Asia (22.2 per cent). Similarly, exports were mostly directed to the European Union (33.0 per cent) and Asia (14.9 per cent). The main increase and decrease in imports were registered from Algeria (€36.2 million) and Italy (€39.3 million), respectively. With respect to exports, the main increase was directed to Germany (€36.4 million), whereas Japan reported the highest decrease (€18.5 million) (Table 4).