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

Italy's trade surplus narrowed to EUR 4.50 billion in June 2017 from EUR 4.66 billion in the same month of the previous year but better than market expectations of EUR 3.87 billion. Exports rose 8.2 percent from the previous year to EUR 39.54 billion, driven by sales of vehicles and coke and refined petroleum products. Imports advanced at a faster 9.9 percent to EUR 35.04 billion, as purchases of natural gas and pharmaceuticals rose the most. With European Union countries, the trade surplus increased to EUR 1.22 billion from EUR 1.20 billion in June 2016. Balance of Trade in Italy averaged 767.91 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 Above Expectations in June


Italy's trade surplus narrowed to EUR 4.50 billion in June 2017 from EUR 4.66 billion in the same month of the previous year but better than market expectations of EUR 3.87 billion. Exports rose 8.2 percent from the previous year to EUR 39.54 billion, driven by sales of vehicles and coke and refined petroleum products. Imports advanced at a faster 9.9 percent to EUR 35.04 billion, as purchases of natural gas and pharmaceuticals rose the most.

Year-on-year, exports rose 8.2 percent to EUR 39.54 billion from EUR 36.54 billion, boosted by higher sales of: Vehicles (19 percent); coke and refined petroleum products (17 percent); computer, electronic and optical devices (14.8 percent); chemicals (14.4 percent); and rubber and plastic products (11 percent). By contrast, exports of transport equipment fell 2.3 percent.

The biggest increases in shipments were reported for China (32.9 percent); Russia (26.8 percent); MERCOSUR countries (18.9 percent); Romania (18.2 percent); and Spain (17.8 percent). Meanwhile, sales fell to Belgium (-9.4 percent), OPEC countries (-2.8 percent) and the UK (-0.8 percent).

Imports increased 9.9 percent to EUR 35.04 billion from EUR 31.88 billion in June 2016, led by gains in purchases of: Natural gas (58.4 percent); pharmaceutical, chemical and botanical articles (23.2 percent); basic metals and metal products (18.4 percent); sport articles (15.2 percent); and crude oil (14.8 percent). Meanwhile, imports of textile fell 1.2 percent.

The rise in imports mainly reflected the increase in purchases from India (63.9 percent), Russia (42.8 percent), Poland (21.4 percent), ASEAN countries (20 percent) and Switzerland (15.8 percent). By contrast, imports fell the most from the UK (-6.7 percent).

With European Union countries, the trade surplus increased to EUR 1.22 billion from EUR 1.20 billion in June 2016.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/10/2017 9:54:01 AM



Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-16 08:00 AM Apr €3.60B €5.31B €3.41B €4.8B
2017-07-14 09:00 AM May €4.34B €3.60B €2.43B €4.9B
2017-08-10 08:00 AM Jun €4.50B €4.34B €3.87B €4.8B
2017-09-18 08:00 AM Jul €4.50B
2017-10-17 08:00 AM Aug
2017-11-16 09:00 AM Sep


Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 4502.18 4343.67 7902.67 -6389.30 EUR Million [+]
Exports 39541.29 40909.67 42284.43 5946.40 EUR Million [+]
Imports 35039.11 36566.00 38526.50 5285.80 EUR Million [+]
Current Account 5257.00 3522.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.60 1.40 2.90 -3.70 percent [+]
External Debt 2144501.00 2101462.00 2145272.00 524899.00 EUR Million [+]
Terms of Trade 113.80 112.20 115.60 91.40 Index Points [+]
Capital Flows 5279.00 6789.50 16541.10 -27541.10 EUR Million [+]
Remittances 173.82 160.68 221.00 97.00 EUR Million [+]
Gold Reserves 2451.84 2451.84 2451.84 2451.84 Tonnes [+]
Crude Oil Production 101.00 97.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment -440.00 -2617.30 14203.00 -10786.60 EUR Million [+]
Terrorism Index 2.36 3.36 3.71 1.98 [+]
Tourism Revenues 3861.74 3512.75 4975.06 1128.47 EUR Million [+]
Weapons Sales 802.00 692.00 1715.00 8.00 USD Million [+]

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



Italy Balance of Trade Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4502.18 4343.67 7902.67 -6389.30 1991 - 2017 EUR Million Monthly
Current Prices, NSA



balance of trade by Country

Last
Australia 856.00 Jun/17
Brazil 6298.00 Jul/17
Canada -3601.90 Jun/17
China 467.36 Jul/17
Euro Area 26587.50 Jun/17
France -4657.00 Jun/17
Germany 22324.00 Jun/17
India -11449.80 Jul/17
Indonesia -271.20 Jul/17
Italy 4502.18 Jun/17
Japan 418.77 Jul/17
Mexico 61.53 Jun/17
Netherlands 6620.00 Jun/17
Russia 8690.00 Jun/17
South Korea 10646.00 Jul/17
Spain -1431000.00 May/17
Switzerland 2812.51 Jun/17
Turkey -6010.95 Jun/17
United Kingdom -4564.00 Jun/17
United States -43642.00 Jun/17