Italy Reports Trade Surplus in September


Italy reported a trade surplus in September due to a sharp decline in imports, according to a release from the National Statistics Institute.

In September 2012, compared with the same month of the previous year, exports decreased by 4.2% primarily due to a decrease in EU trade (-7.6%). The decrease of imports (-10.6%) was due to reduced purchases from both EU countries (-13.0%) and extra-UE countries (-7.6%). In September, trade balance amounted to 408 million euro: 1.2 billion euro for EU countries and -594 millions euro for non-EU countries. Considering only energy products, the net balance was 5.4 billion euro.

Compared to the previous month, export in September decreased by 2.0% reflecting sales drop for both European (-2,1%) and non-European (-2.0%) markets. The decline in imports (-4.2%) is due to the reduction in purchases by European countries (-4.4%) and non-European countries (-3.9%). In the quarter (July-September 2012), exports growth (+1.6%) is mainly due to an increase in sales to EU (+2.3%). The increase in import (+0.3%) is the due to an increase of purchases of goods from EU (+0.6%).
 

ISTAT | Nuno Fontes | nuno@tradingeconomics.com
12/13/2012 11:05:09 AM