Italy Posts Trade Surplus in January

Italy’s trade balance turned into a € 365 million surplus in January of 2014 compared with a € 1810 million deficit in the same period last year, as imports fell and exports rose slightly. Compared with the previous month, the trade surplus narrowed 89 percent.

Exports rose 0.2 percent on the year to € 29.986 billion. Shipments of consumer non-durable goods recorded the highest increase (2.4 percent), followed by sales of capital goods (2.3 percent) and durable consumer goods (1.8 percent). In contrast, energy sales dropped 3.6 percent year-on-year and shipments of intermediate goods decreased 2.5 percent.

Shipments to countries outside the EU fell 2.7 percent year-on-year, hurt by lower sales to Switzerland (-22.7 percent), the Middle East countries (-18.8 percent) and the OPEC countries (-15.5 percent). Sales to the EU countries increased 2.6 percent. 

Imports shrank 6.6 percent year-on-year in January to € 29.62 billion, mainly due to an 18.8 percent fall in energy purchases.

On a seasonally-adjusted monthly basis, exports decreased 1.5 percent, as sales to both EU and non EU countries decreased (-1.7 percent and -1.2 percent, respectively). Imports fell 1.6 percent in January. 

Net of energy products, Italy would have posted a € 4.664 billion surplus in January.  With the EU countries, Italy recorded a trade surplus of € 1.262 billion, up from a € 566 million surplus in January of 2013.

Italy Posts Trade Surplus in January

Istat | Joana Taborda |
3/18/2014 10:29:10 AM