Italy Trade Surplus Widens 29% in March

Italian trade surplus increased to EUR 4.52 billion in April of 2016, from a EUR 3.51 billion surplus a year earlier. Imports went down by 4.3 percent due to lower purchases of crude oil and natural gas and exports declined 1 percent as outbound shipments of refined petroleum, pharmaceuticals and chemicals fell.

Year-on-year, imports went down 4.3 percent to EUR 34.98 billion weighed by lower purchases of energy products (-39.7 percent) and intermediate goods (-5.9 percent). Among sectors, purchases of crude oil (-43.6 percent), natural gas (-40 percent), refined petroleum products (-29.8 percent), metals and metal products (-13.7 percent) decreased the most.

The decline in imports mainly reflected the fall in purchases from Russia (-35 percent); North Africa (-32.2 percent); United States (-23.2 percent) and Middle East countries (-31.9 percent). In contrast, imports from Czech Republic (+17.2 percent) and MERCOSUR (+12.3 percent) went up.

Exports decreased 1 percent to EUR 34.98 billion, as sales of energy products (-31.5 percent); consumer goods (-1.7 percent) and intermediate goods (-0.3 percent) tumbled while capital goods rose (+1.7 percent). Among sectors, outbound shipments fell for refined petroleum products (-29.7 percent); pharmaceutical and chemical products (-8.2 percent), vehicles (-3.3 percent) and leather products (-3.1 percent).

The biggest decreases in shipments were recorded for MERCOSUR (-31.4 percent), Other African countries (-28.6 percent), Central and South America (-20.4 percent), OPEC (-16.3 percent), North Africa (-10 percent). Meanwhile, sales to the United States (+11.7 percent) and ASEAN (+7.0 percent) rose  the most.

Italy Trade Surplus Widens 29% in March

Istat | Francisco Caeiro |
6/17/2016 11:10:21 AM