Exports increased 8 percent year-on-year to EUR 43.800 billion in May, mainly driven by higher sales of pharmaceutical, chemical products and botanical articles (49.8 percent); machinery and equipment (4.3 percent); textiles, clothing and leather (19.8 percent) and basic metals and metal products (6.6 percent). Meanwhile, automotive exports declined 7.4 percent.
Exports went up mostly to the US (16 percent); Germany (8.4 percent); Switzerland (21.4 percent); France (8.4 percent); the Netherlands (19.8 percent); Spain (5.4 percent); Belgium (7.5 percent); the UK (6.5 percent); China (3.5 percent) and Poland (1.7 percent).
Imports advanced 3.4 percent from a year earlier to EUR 38.453 billion, boosted by higher purchases of pharmaceutical, chemical products and botanical articles (19.3 percent); textiles, clothing and leather (11 percent); mining products (4.9 percent); manufactured goods (2.7 percent); food, beverages and tobacco (3.3 percent); and computers, electronic and optical devices (2.1 percent).
Imports advanced mainly from Germany (6.6 percent); France (7.5 percent); China (10.8 percent); the Netherlands (2.9 percent); Spain (0.6 percent); the US (0.3 percent) and Russia (0.4 percent). On the other hand, imports dropped from Belgium (-5 percent); OPEC countries (-9.1 percent); and the UnK (-3.7 percent).
With European Union countries, the country's trade surplus increased to EUR 2.248 billion from EUR 1.004 billion in May 2018.