Italy Posts Trade Surplus in February


Italy posted a trade surplus with the rest of the world of €1.086 billion in February, from a deficit of €1.195 billion a year earlier due to a drop in imports. With European Union countries, Italy registered a February trade surplus of €380 million, compared with a surplus of €295 million in February 2012.

In February 2013, compared to January 2013, there was a decrease of 3.0 percent for exports and 2.6 percent for imports. The decrease, for exports, was of 0.5 percent for EU countries and 5.7 percent for non EU countries. As regards imports the decrease was recorded for EU (-2.0 percent) and non EU markets (-3.4 percent). Over the last three months, seasonally-adjusted data, in comparison with the previous three months, showed a decrease of 0.3 percent for outgoing flows and a drop of 0.8 percent for incoming flows.

In February 2013, compared with the same month of the previous year, trade fell by 2.8 percent for exports (-6.6 percent for EU area and +2.1 percent for non EU countries) and decreased by 9.6 percent for imports (-7.2 percent for EU and -12.4 percent for non EU countries). The trade balance amounted to 1.1 billion Euro (0.4 billion Euro for EU area and 0.7 billion Euro for non EU countries).

Istat | Nuno Fontes | nuno@tradingeconomics.com
4/16/2013 9:15:54 AM