Italy Trade Surplus Widens in November


Italy's trade surplus increased sharply to EUR 4.83 billion in November 2017 from EUR 4.01 billion in the same month of the previous year, but below market expectations of EUR 5.22 billion.

Year-on-year, exports rose 9.7 percent to EUR 40.67 billion from EUR 37.07 billion, mainly boosted by higher sales of: coke and refined petroleum products (27 percent); transport equipment (23.4 percent); basic metals and metal products (11.4 percent); food, beverages and tobacco (10.7 percent); and rubber and plastic articles (10.6 percent).

Exports rose mostly to Switzerland (45.8 percent), MERCOSUR (31.2 percent), China (19.7 percent), Russia (16.4 percent) and ASEAN countries (13.5 percent). Meanwhile, sales fell to OPEC countries (-10.7 percent) and Romania (-1.5 percent).

Imports increased 8.4 percent to EUR 35.84 billion from EUR 33.07 billion in November 2016, led by gains in purchases of: crude oil (41.7 percent); basic metals and metal products (25.1 percent); natural gas (12.8 percent); paper and paper products, products of printing and reproduction of recorded media (10.6 percent); and coke and refined petroleum products (9.1 percent). Meanwhile, imports of transport equipment and computers, electronic and optical devices fell 4.6 percent and 4.2 percent, respectively.

The rise in imports mainly reflected the increase in purchases from the US (25.3 percent), OPEC countries (23 percent), Germany (11.6 percent), MERCOSUR (11.3 percent) and the Netherlands (11.3 percent). By contrast, imports fell from Romania (-9.1 percent), Japan (-6.9 percent) and ASEAN countries (-3.6 percent).

With European Union countries, the trade surplus widened to EUR 236 million from EUR 69 million in November 2016.

Italy Trade Surplus Widens in November


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/16/2018 10:35:58 AM