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STATISTICS

INTERNATIONAL TRADE IN GOODS: JULY 2020

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INDEXGDPL2020-2Provisional data for registered international trade recorded a trade deficit of €231.0 million during July, compared to a deficit of €409.7 million in the corresponding month of 2019. Both imports and exports registered decreases of €221.7 million and €43.1 million respectively when compared to the same month last year. The decrease in the value of imports was primarily due to mineral fuels, lubricants and related materials (€100.3 million) and machinery and transport equipment (€79.3 million). On the exports side, the main decreases were registered in machinery and transport equipment (€29.9 million) and in mineral fuels, lubricants and related materials (€29.3 million). January-July 2020, during the first seven months of this year, the trade deficit narrowed by €1,120.5 million when compared to the corresponding period of 2019, reaching €1,470.9 million. Both imports and exports decreased by €1,326.0 million and €205.5 million respectively. Lower imports were mainly recorded in machinery and transport equipment (€867.3 million) and mineral fuels, lubricants and related materials (€342.5 million). On the exports side mineral fuels, lubricants and related materials (€203.2 million) accounted for the main decrease (Table 2). Imports from the European Union reached €1,632.8 million, or 50.5 per cent of total imports. There was a decrease of €283.6 million in imports from euro area countries when compared to the same period in 2019. Main increases and decreases in imports were registered from Luxembourg (€206.4 million) and the United Kingdom (€952.5 million) respectively. With respect to exports, the main increase was directed to Germany (€7.1 million), whereas Italy registered the highest decrease (€104.6 million).

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