Italian Trade Surplus Widens in February

The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.

In February, exports amounted to EUR 31.8 billion, increasing 3 percent compared with the same month of 2013. Sales of consumer durable goods rose the most (+9.2 percent), followed by capital goods (+7.0 percent), consumer non-durable goods (+5.0 percent) and intermediate goods (+0.6 percent). Energy sales decreased 22.1 percent.

Imports fell by 2.2 percent to EUR 29.2 billion. Purchases of consumer durables goods increased 12.7 percent, while capital goods and intermediate goods rose 6.1 percent and 3.2 percent, respectively. On the other hand, imports of energy dropped 22.4 percent.

Exports to the EU countries rose 5.3 percent year-on-year, compared with a 0.2 percent increase in imports. As a result, the trade surplus widened to EUR 1.3 billion, from EUR 0.4 million in February of 2013.

Excluding energy products, Italy’s trade surplus amounted to EUR 6.2 billion euros in February.

Italian Trade Surplus Widens in February

ISTAT | Isabel Felino |
4/16/2014 11:00:27 AM