The flash estimate for International Trade in Goods for the 4th quarter of 2025 indicates a decrease, in nominal terms, in exports and imports of, respectively, 2.9% and 5.1% compared to the same period last year. Excluding TTE transactions i.e., with a view to or following processing (without transfer of ownership), these declines are slightly more pronounced in exports (-3.6%) and a more moderate in imports (-4.1%).

Compared to the previous quarter, both flows show a negative evolution: in the 3rd quarter, exports fell by 0.3% (the same figure excluding TTE), and imports increased by 5.4% (+3.1% when excluded TTE transactions).