We analyze how trade with China and Eastern Europe impacts exchange rate pass-through (ERPT) into import prices for five Eurozone countries.We find that pass-through is complete in many cases, especially when considering Chinese imports.There is no compelling evidence of a generalized link between ERPT and trade liberalization.The launch of the single currency has not provoked a sufficient change in the part of trade exposed to exchange rate fluctuations and, therefore, has not affected the pass-through.