Italy’s trade surplus rose to EUR 9.694 billion in July of 2020 from EUR 7.617 billion in the corresponding month of the previous year and above market expectations of a EUR 7.661 billion surplus. Exports fell 7.3 percent from a year earlier to EUR 42.177 billion, mainly due to consumer goods (-3.8 percent), particularly durables (-4.1 percent) and non-durables (-3.8 percent); capital goods (-5.4 percent) and intermediate goods (-9.8 percent). Exports declined to Germany (-5.3 percent); France (-6.1 percent); the US (-5.4 percent) and the UK (-9.5 percent). Meantime, imports slid at a faster 14.2 percent to EUR 32.484 billion, mainly due to intermediate goods (-14.5 percent); capital goods (-15.6 percent) and energy (-43.7 percent). Imports went down from Germany (-14.5 percent); France (-15.6 percent); the Netherlands (-4.3 percent) and Spain (-9.2 percent) while those from China rose 3 percent.

Balance of Trade in Italy averaged 1115.03 EUR Million from 1991 until 2020, reaching an all time high of 9694 EUR Million in July of 2020 and a record low of -6389.31 EUR Million in January of 2011. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: National Institute of Statistics (ISTAT)

Balance of Trade in Italy is expected to be 2000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Italy to stand at 4200.00 in 12 months time. In the long-term, the Italy Balance of Trade is projected to trend around 800.00 EUR Million in 2021 and 4900.00 EUR Million in 2022, according to our econometric models.

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Italy Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
9694.00 6232.00 9694.00 -6389.31 1991 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-18 08:00 AM Apr €-1.157B €5.685B €2.779B €2.8B
2020-07-16 08:00 AM May €5.584B €-1.131B €-0.6B
2020-08-07 08:00 AM Jun €6.232B €5.584B € 2.8B
2020-09-17 08:00 AM Jul €9.694B €6.232B €7.661B €6.5B
2020-10-16 09:00 AM Aug €9.694B
2020-11-17 09:00 AM Sep € 2B
2020-12-15 10:00 AM Oct


News Stream
Italy Trade Surplus Widens More than Expected
Italy’s trade surplus rose to EUR 9.694 billion in July of 2020 from EUR 7.617 billion in the corresponding month of the previous year and above market expectations of a EUR 7.661 billion surplus. Exports fell 7.3 percent from a year earlier to EUR 42.177 billion, mainly due to consumer goods (-3.8 percent), particularly durables (-4.1 percent) and non-durables (-3.8 percent); capital goods (-5.4 percent) and intermediate goods (-9.8 percent). Exports declined to Germany (-5.3 percent); France (-6.1 percent); the US (-5.4 percent) and the UK (-9.5 percent). Meantime, imports slid at a faster 14.2 percent to EUR 32.484 billion, mainly due to intermediate goods (-14.5 percent); capital goods (-15.6 percent) and energy (-43.7 percent). Imports went down from Germany (-14.5 percent); France (-15.6 percent); the Netherlands (-4.3 percent) and Spain (-9.2 percent) while those from China rose 3 percent.
2020-09-17
Italy Trade Surplus Widens in June
Italy’s trade surplus rose to EUR 6.232 billion in June of 2020 from EUR 5.701 billion in the corresponding month of the previous year. Exports fell 12.1 percent from a year earlier to EUR 35.857 billion, mainly due to consumer goods (-9 percent), particularly durables (-5 percent) and non-durables (-9.8 percent); capital goods (-12.6 percent) and intermediate goods (-10.4 percent). Exports declined to Germany (-2.9 percent); France (-9.7 percent); the US (-22.4 percent) and the UK (-11.2 percent). Meantime, imports slid at a faster 15.6 percent to EUR 29.624 billion, mainly due to intermediate goods (-10.9 percent); capital goods (-20.9 percent) and energy (-53.9 percent). Imports went down from Germany (-18.5 percent); France (-19.4 percent); the Netherlands (-7.6 percent) and Spain (-11.1 percent) while those from China rose 24.3 percent.
2020-08-07
Italy Trade Surplus Widens in May
Italy’s trade surplus rose to EUR 5.584 billion in May of 2020 from EUR 5.385 billion in the corresponding month of the previous year. Exports fell 30.4 percent from a year earlier to EUR 30.507 billion, mainly due to consumer goods (-26.2 percent), particularly durables (-41.9 percent) and non-durables (-22.8 percent); capital goods (-33.8 percent) and intermediate goods (-28.4 percent). Exports declined to Germany (-23 percent); France (-33.8 percent); the US (-26.8 percent) and the UK (-35.5 percent). Meantime, imports slid at a faster 35.2 percent to EUR 24.923 billion, mainly due to intermediate goods (-28.8 percent); capital goods (-41.4 percent) and non-durable consumer goods (-19.4 percent). Imports went down from Germany (-36.5 percent); France (-39 percent); the Netherlands (-26.5 percent) and Spain (-35.3 percent) while those from China rose 4 percent.
2020-07-16
Italy Trade Balance Swings to Deficit in April
Italy posted a trade gap of EUR 1.157 billion in April of 2020 compared to a EUR 2.851 billion surplus in the corresponding month of the previous year, and against market expectations of a EUR 2.779 billion surplus. It was the first trade deficit since January of 2018, as the coronavirus outbreak disrupted global trade. Exports tumbled 41.6 percent to EUR 22.44 billion, its lowest level since August of 2010, as sales fell to EU countries (-39.4 percent) and to non-EU countries (-44 percent). Meantime, imports slid at a softer 33.7 percent to EUR 23.597 billion, its lowest level since August of 2015, dragged by purchases from both EU countries (-34.6 percent) and non-EU countries (-32.5 percent).
2020-06-18

Italy Balance of Trade
In 2017, Italy's trade surplus fell to EUR 47 billion from a record high of EUR 50 billion in the previous year, as imports jumped 9 percent to EUR 401 billion, the highest level since 2011, and exports rose at a softer 7 percent to an all-time high of EUR 448 billion. The biggest trade surpluses were recorded with the United States, the United Kingdom, France, Switzerland, Poland and Japan; and the biggest trade deficits with China, the Netherlands, Germany, Belgium and Russia.