November imports rise 7.9% led by transport, pharmacy and jewellery

Goods imports in November totalled €184.09 million, up 7.9% year‑on‑year. Gains were broad‑based, led by transport (+21.0%), pharmacy and perfumery (+20.1%), construction (+16.5%) and jewellery (+20.8%), while the industrial group fell 1.8%.

Excluding energy, November imports rose about 8.0%, indicating solid underlying demand despite weaker value in the energy category. Vehicle activity likely contributed to the transport increase: registrations in November rose 14.6% year‑on‑year to 479 units, of which 129 were imports and 350 were new vehicles.

For the first eleven months of the year cumulative imports reached €1,806.50 million, a 7.8% increase versus the same period in 2024. Year‑to‑date gains were strongest in miscellaneous goods (+15.4%), electronics (+14.0%), industrial goods (+11.5%), jewellery (+27.6%) and food (+5.9%); energy was the only category to post a decline (‑5.3%).

Over the latest twelve‑month rolling period, accumulated imports totalled €1,969.64 million, up 7.7% on the prior twelve months. Excluding energy, imports rose 8.9%. Notable rolling twelve‑month increases included miscellaneous (+15.7%), industrial (+11.5%), jewellery (+34.2%), food (+6.1%) and electronics (+10.4%), while energy imports fell 6.0%.

Exports also improved in November, totalling €20.80 million, an 18.7% year‑on‑year rise. Electronics (+45.7%) and transport (+47.2%) provided the largest monthly uplifts, while jewellery exports declined 27.0%.

Cumulative exports for January–November amounted to €178.08 million, a 1.0% decrease versus the same period last year. Electronics (+7.8%) and industrial goods (+14.7%) recorded year‑to‑date gains, while transport (‑9.5%), clothing and footwear (‑18.3%) and jewellery (‑5.5%) contributed the largest absolute falls. Over the most recent twelve months exports totalled €193.82 million, a 1.4% increase; growth was concentrated in electronics (+8.4%), miscellaneous (+6.9%), industrial (+12.3%) and jewellery (+4.8%), while transport (‑8.4%) and clothing and footwear (‑13.7%) weakened.

Seasonally adjusted monthly figures show imports maintaining a modest upward trend, with a 0.4% increase in November. Seasonally adjusted inter‑monthly variations in exports have moderated but remained positive in the past two months, rising 1.9% in the latest period.

Fuel data point to mixed dynamics within the energy sector: fuel import volumes rose 2.7% in November to 12.51 million litres, even as the value‑based energy chapter continued to weigh on aggregate import values. Fuel prices increased month‑on‑month in November—gasoil of locomotion up 2.3% to €1.243 per litre, gasoline 95 up 1.4% to €1.307 and gasoline 98 up 1.3% to €1.367—while remaining below levels recorded a year earlier.