November imports up 7.9% to €184.09m, led by transport and jewellery

Goods imports in November totalled €184.09 million, up 7.9% year‑on‑year, with broad‑based gains led by transport (+21.0%), pharmacy and perfumery (+20.1%), construction (+16.5%) and jewellery (+20.8%). The industrial group was the only major category to fall, down 1.8%.

Vehicle registrations likely underpinned the transport increase: November registrations rose 14.6% year‑on‑year to 479 units, of which 350 were new vehicles and 129 were imports. All vehicle groups recorded rises in November, led by trucks and vans (+53.3%), motorcycles and mopeds (+43.5%), the “other” category (+40.0%) and passenger cars (+6.8%). In the January–November period registrations reached 4,968 vehicles, a 10.7% increase versus the same period in 2024; over the most recent twelve months registrations totalled 5,400, up 10.6%.

Shifts by fuel type were notable: diesel vehicle registrations surged in November (+34.4%) and hybrids — particularly non‑plug‑in petrol hybrids — recorded substantial year‑to‑date gains, while pure electric registrations fell in November even as they are markedly higher compared with the same eleven‑month period last year.

Excluding energy, November imports rose about 8.0%, indicating solid underlying demand despite weaker value in the energy chapter. Fuel import volumes rose 2.7% in November to 12.51 million litres, a rise driven mainly by domestic fuel (+18.6%) even as gasoline and gasoil volumes eased. Fuel prices increased month‑on‑month in November — gasoil for 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 — though prices remain below year‑earlier levels.

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, with year‑to‑date gains in electronics (+7.8%) and industrial goods (+14.7%) offset by falls in transport (‑9.5%), clothing and footwear (‑18.3%) and jewellery (‑5.5%). Over the most recent twelve months exports totalled €193.82 million, a 1.4% increase.

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.