Industrial export and import prices sign their biggest increases in three years in May

Industrial export and import prices register in May their biggest year-on-year increases since February 2023, according to the INE.

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The General Price Index of Industrial Exports advanced 4.1% in May compared to the same month in 2025, representing its most intense increase since February 2023, according to data released this Tuesday by the National Institute of Statistics (INE).

This increase implies that industrial product export prices have now registered three consecutive months of year-on-year increases.

Regarding industrial product import prices, they registered a rebound of 6.1% in May compared to the previous year, a variation that also constitutes the highest since February 2023.

With this performance, industrial product import prices also chain together three consecutive months of year-on-year increases.

If the monthly evolution (May versus April) is analyzed, industrial product export prices rose by 0.6%, driven by the increase of 11.8% in "the prices of production, transport, and distribution of electric energy" and 3.9% in "the manufacture of basic chemical products and fertilizers".

On the imports side, in May there was a monthly drop of 0.4% in industrial product prices, influenced by the decrease of 5.1% in "the extraction of crude oil and natural gas" and 3% in "coke ovens and petroleum refining", among other elements.

Interactive graph on price evolution

The behavior of the "Annual variation of industrial export and import prices" can be consulted in detail through the interactive graph available at the following link: https://www.epdata.es/variacion-anual-de-los-precios-de-exportaciones-e-importaciones-industriales/58552453-04c1-42e5-82e4-84e98b16b6a0

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