A deficit of €210.2 million was recorded in January, compared to a deficit of €89.9 million in the same month a year earlier, the National Statistics Office said.
It said that imports amounted to €516.8 million, while exports totalled €306.6 million.
This represented an increase of €150 million and €29.7 million, respectively, over the same month the previous year.
Goods were imported mainly from the European Union (55.5%) and Asia (21%).
Similarly, exports were mostly directed to the European Union (25%) and Asia (23.5%).
The main increase and decrease in imports were registered from Italy (€81.7 million) and France (€56.6 million), respectively.
With regard to exports, the main increase was directed to the United States of America (€6.8 million), whereas France reported the highest decrease (€18.7 million).