Press Release 26/09/2025

FOREIGN TRADE UNIT VALUE INDEX - IVU. II/2025

In the second quarter of 2025, prices of exports were down 1.6% in the Basque Country compared to the previous quarter

Prices of imports recorded a 5.6% decrease

During the second quarter of 2025 prices of exports were down 1.6% compared to the previous quarter, according to Eustat data. In comparison with the same quarter of 2024, this decrease stood at 0.4%.

Prices of imports also followed this pattern, as they decreased by 5.6% in both year-on-year terms and in comparison with the first quarter of 2025.

Prices of "energy" exports fell by 3.0% compared to the previous quarter and those of "non-energy" exports were down 1.7%. Compared to the same quarter of the previous year, prices of "energy" products fell by 6.6% and those of "non-energy" products were down 0.4%.

In the case of imports, the price index for "energy" products was down 13.0% in respect of the previous quarter and 19.3% in year-on-year terms. Prices of "non-energy" products also fell in both comparisons, given that they were down 3.8% in quarter-on-quarter terms and 0.6% in year-on-year terms.

According to the classification by economic destinations of goods, we see that the prices of exports, compared to the first quarter of 2025, dropped for all types of goods; thus, prices of Capital Goods were down 0.4%, those of Consumer Goods fell by 1.2% and prices of Intermediate Goods decreased by 2.2%. Compared to the previous year, the trend was only positive for Consumer Goods, which grew by 4.9%.

Focusing on imports, there was also a generalised drop in prices compared to the previous quarter; of 0.9% for Consumer Goods, 3.4% for Capital Goods and 6.4% for Intermediate Goods. In the year-on-year comparison, only prices of Consumer Goods increased (0.6%).

Taking into account the economic areas where exports were sent, prices were down, compared to the first quarter of 2025, for all areas, of particular note being the OECD (-1.7%); whereas if the comparison is with the same quarter of the previous year, the OECD also decreased, in this case by 0.1%, along with the Rest of the World, which dropped by -1.6%. However, the Eurozone and the EU registered an increase in prices of 0.9%.

For imports, prices fell in all the economic areas and in all temporal comparisons, the only exception was the EU, which maintained a flat rate of 0.0% compared to the previous year