Italy Trade Deficit Narrows Year-on-Year in January


Italy posted a trade deficit with the rest of the world of 1.619 billion euros in January, from a deficit of 4.574 billion euros in the same month of 2012 due to rising exports and falling imports, according to a release from the national statistics office.

In January 2013 seasonally-adjusted data, compared to December 2012, showed an increase of 1.4 percent for export and a drop of 0.4 percent for imports. The increase, for exports, was synthesis of a growth for non EU (+3.9 percent) and a drop for EU (-0.7 percent) countries. As regards imports the rise was recorded for non EU countries only (+3,0 percent) compared to the fall of EU markets (-1.8 percent). Over the last three months, seasonally-adjusted data, in comparison with the previous three months, showed a decrease for both: -0.2 percent for outgoing flows and -2.5 percent for incoming flows.

In January 2013, compared with the same month of the previous year, trade rose by 8.7 percent for exports (+2.6 percent for EU area and +17.6 percent for non EU countries) and dropped by 1.8 percent for imports (+2.4 percent for EU and -5.6 percent for non EU countries). The trade balance amounted to -1.6 billion Euro (table 1) compared with -4.6 billion Euro registered in the same month of 2012.

Istat | Nuno Fontes | nuno@tradingeconomics.com
3/18/2013 9:15:15 AM