Imports declined 4.4 percent from a month earlier to a EUR 44.8 billion in July, following a downwardly revised 1 percent rise in the prior month, dragged by lower purchases of aerospace products (-5.8 percent). Other significant loses were also recorded in refined oil (-24.1 percent); metallurgical and metal products (-8.8 percent), computer, electronic, and optical products (-1.6 percent), and wood, paper and cardboard (-1.2 percent).
Among major trading partners, purchases decreased primarily from the US (-4.4 percent); the EU (-4.1 percent), namely from Germany (-1.5) percent), Italy (-7.8 percent) and Belgium (-2.9 percent). On the other hand, imports-arrivals increased mainly from China (0.9 percent) and Spain (0.7 percent).
Exports advanced 1.2 percent to EUR 41.3 billion in July, after a downwardly revised 0.9 percent gain in June. Sales rose mostly for aerospace products (27.3 percent); refined oil (20.1 percent) and pharmaceutical products (9.8 percent). Other increases were also seen in computer products (2.3 percent); metallurgical and metal products (1 percent); and electrical equipment (0.4 percent).
Among major trading partners, shipments went up mostly to Germany (2 percent); Belgium (2.4 percent) and the US (1.9 percent) while they fell from Spain (-3.1 percent) and Italy (-3.4 percent).