Italy Trade Surplus Widens Less than Expected in August


Italy's trade surplus widened to EUR 2.77 billion in August 2017 from EUR 2.49 billion in the same month of the previous year but worse than market expectations of EUR 4.23 billion.

Year-on-year, exports rose 8.4 percent to EUR 29.38 billion from EUR 27.10 billion, boosted by higher sales of: Coke and refined petroleum products (26.2 percent); sport and leisure articles (20.1 percent); chemicals (17.8 percent); basic metals and metal products (12.5 percent); and pharmaceutical, chemical and botanical articles (11.7 percent). By contrast, exports of vehicles fell 13.8 percent.

Exports rose the most to China (26.5 percent), Russia (20.9 percent), MERCOSUR (16.7 percent); Czech Republic (15.3 percent); and Turkey (14.5 percent). Meanwhile, sales fell mainly to OPEC countries (-6 percent).

Imports increased 8.2 percent to EUR 26.61 billion from EUR 24.60 billion in August 2016, led by gains in purchases of: Coke and refined petroleum products (51.5 percent); crude oil (24.8 percent); natural gas (24.3 percent); basic metals and metal products (15 percent); and paper and paper products; products of printing and reproduction of recorded media (14.6 percent). Meanwhile, imports of pharmaceutical, chemical and botanical articles fell 10.6 percent.

The rise in imports mainly reflected the increase in purchases from Russia (54.7 percent), France (15.1 percent), Austria (15.1 percent), India (14.8 percent) and Poland (11.9 percent). By contrast, imports fell from ASEAN countries (-11.2 percent) and Switzerland (-8.6 percent).

With European Union countries, the trade surplus decreased to EUR 0.24 billion from EUR 0.37 billion in August 2016.

Italy Trade Surplus Widens Less than Expected in August


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/17/2017 11:07:07 AM