Italy Trade Surplus Widens in October


In October 2012, Italy posted a trade surplus equivalent to €2.45 billion from €0.41 billion in September 2012 and a €1.11 billion deficit in October of 2011.

Compared to the previous month, exports remained unchanged reflecting an increase in sales for non-European markets (+0.7%) and a decrease for European markets (-0.6%). The rise in imports (0.8%) is due to the growth in purchases by non-European countries (+1.1%). In the quarter (August-October 2012), exports growth (+1.4%) is mainly due to an increase in sales to EU countries (+2.0%). The increase in import (+0.5%) is due to an increase of purchases of goods from non-EU countries (+1.5%).

In October 2012, compared with the same month of the previous year, export increased by 12.0% and was due to a rise in purchases for both markets: EU (+7.9%) and non EU (+17,2%). The growth of imports (+0.9%) is due to non EU countries (+2.3%). In October, trade balance amounted to +2.5 billion euros: +1.0 billion for EU countries and +1.5 billion for non-EU countries. Net of energy products, the balance was 7.6 billion euros.

ISTAT | Nuno Fontes | nuno@tradingeconomics.com
12/17/2012 9:18:37 AM