Italy Balance of Trade  1991-2017 | Data | Chart | Calendar | Forecast

Italy's trade surplus increased to EUR 4 billion in September of 2017 from EUR 2.76 billion in the same month of the previous year and above market consensus of EUR 3.42 billion. Exports surged 5.7 percent from a year earlier to EUR 38.06 billion mostly driven by sales of coke and refined petroleum products. Meantime, imports advanced at a slower 5.5 percent to EUR 34.07 billion, underpinned by purchases of crude oil and coke and refined petroleum products. With European Union countries, the trade surplus shrank to EUR 0.47 billion from EUR 0.83 billion in September 2016. Balance of Trade in Italy averaged 796.43 EUR Million from 1991 until 2017, reaching an all time high of 7902.67 EUR Million in July of 2015 and a record low of -6389.30 EUR Million in January of 2011.

Italy Balance of Trade
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Italy Trade Surplus Widens in September


Italy's trade surplus increased to EUR 4 billion in September of 2017 from EUR 2.76 billion in the same month of the previous year and above market consensus of EUR 3.42 billion. Exports surged 5.7 percent from a year earlier to EUR 38.06 billion mostly driven by sales of coke and refined petroleum products. Meantime, imports advanced at a slower 5.5 percent to EUR 34.07 billion, underpinned by purchases of crude oil and coke and refined petroleum products. With European Union countries, the trade surplus shrank to EUR 0.47 billion from EUR 0.83 billion in September 2016.

Year-on-year, exports rose 5.7 percent to EUR 38.06 billion from EUR 36 billion, driven by higher sales of: Coke and refined petroleum products (35.2 percent); pharmaceutical, chemical and botanical articles (16.7 percent); transport equipment (13.3 percent) and basic metals and metal products (7.6 percent). In contrast, exports fell for other products of processing of non-metallic minerals (-3 percent); vehicles (-1.4 percent) and paper and paper products, printing and reproduction of media (-1.3 percent).

The biggest increases in shipments were recorded for Russia (22.5 percent); Turkey (20.9 percent); China (18.7 percent); Mercosur countries (15.5 percent) and Belgium (12.7 percent). Conversely, exports fell to OPEC countries (-5.3 percent) and to the United Kingdom (-3.7 percent).

Imports advanced 5.5 percent to EUR 34.07 billion from EUR 32.30 billion in September of 2016, led by gains in purchases of: Crude oil (24.5 percent); coke and refined petroleum products (22.6 percent) and electrical equipment (14.5 percent). Meanwhile, imports declined for sport and leisure articles (-9.5 percent); pharmaceutical, chemical and botanical articles (-6.9 percent); vehicles (-4.1 percent) and natural gas (-3.3 percent). 

Imports grew mostly from India (16.2 percent); Poland (15.4 percent); OPEC countries (12.5 percent); Germany (10.6 percent) and the Netherlands (9.4 percent). On the other hand, purchases declined from: Switzerland (-10.2 percent); ASEAN countries (-8.7 percent); the United Kingdom (-8.6 percent); Japan (-8 percent) and Czech Republic (-2.2 percent).

Considering the January to September period, the global trade surplus shrank to EUR 32.37 billion from EUR 35.76 billion in the same period of 2016, as imports grew 9.5 percent and exports rose at a slower 7.3 percent.

Istat | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/16/2017 10:18:45 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-18 08:00 AM Balance of Trade €6.56B €4.504B €7.1B
2017-10-17 08:00 AM Balance of Trade €2.769B €6.56B €4.230B €3.8B
2017-11-16 09:00 AM Balance of Trade €3.990B €2.761B €3.420B €4.1B
2017-12-18 09:00 AM Balance of Trade €3.990B


Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 3989.78 2760.53 7902.67 -6389.30 EUR Million [+]
Exports 38054.97 29382.84 42284.43 5946.40 EUR Million [+]
Imports 34065.20 26622.31 38526.50 5285.80 EUR Million [+]
Current Account 4307.00 3721.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.60 1.40 2.90 -3.70 percent [+]
External Debt 2114116.00 2144501.00 2145272.00 524899.00 EUR Million [+]
Terms of Trade 113.00 112.80 115.60 91.40 Index Points [+]
Capital Flows 6176.00 7783.00 17094.70 -27541.10 EUR Million [+]
Remittances 179.80 173.82 202.52 96.92 EUR Million [+]
Gold Reserves 2451.84 2451.84 2451.84 2451.84 Tonnes [+]
Terrorism Index 2.75 2.36 3.71 1.98 [+]
Tourism Revenues 4434.94 5745.00 5745.00 1128.47 EUR Million [+]
Weapons Sales 802.00 692.00 1715.00 8.00 USD Million [+]
Crude Oil Production 27.00 26.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment -840.00 103.00 14203.00 -10787.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Italy Balance of Trade

Since February of 2013, Italy has been recording consistent trade surpluses due to a reduction in imports and rising exports. In 2014 as a whole, the country posted the biggest trade surplus since 1993. In recent years, the biggest trade surpluses were recorded with the United States, France, Switzerland, and the United Kingdom and the biggest trade deficits with China, Netherlands, Germany and Russia. This page provides the latest reported value for - Italy Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Balance of Trade - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3989.78 2760.53 7902.67 -6389.30 1991 - 2017 EUR Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1745.00 Sep/17
Brazil 5201.00 Oct/17
Canada -3179.70 Sep/17
China 381.74 Oct/17
Euro Area 26364.90 Sep/17
France -4669.00 Sep/17
Germany 24100.00 Sep/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -1886.40 Sep/17
Netherlands 6258.00 Sep/17
Russia 10222.00 Sep/17
South Korea 7300.00 Oct/17
Spain -2147708.00 Oct/17
Switzerland 2333.39 Oct/17
Turkey -8134.57 Sep/17
United Kingdom -2754.00 Sep/17
United States -43495.00 Sep/17