Italy Balance of Trade  1991-2018 | Data | Chart | Calendar | Forecast

Italy's trade surplus widened to EUR 5.07 billion in June of 2018 from EUR 4.50 billion in the same month a year earlier, well above market expectations of a EUR 3.41 billion surplus. Exports increased 6.6 percent year-on-year and imports 5.9 percent. Balance of Trade in Italy averaged 877.83 EUR Million from 1991 until 2018, 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 More than Expected in June


Italy's trade surplus widened to EUR 5.07 billion in June of 2018 from EUR 4.50 billion in the same month a year earlier, well above market expectations of a EUR 3.41 billion surplus. Exports increased 6.6 percent year-on-year and imports 5.9 percent.

Exports edged up 6.6 percent to EUR 42.17 billion in June from EUR 39.54 billion a year ago, boosted by higher sales of: vehicles (47.0 percent); base metals and metal products, excluding machines and plants (10.2 percent); pharmaceuticals, chemical-medicinal and botanical articles (15.4 percent) and refined petroleum products (20.1 percent). 

Exports rose mostly to Switzerland (55.1 percent), Netherlands (20.8 percent), the US (18.8 percent), and India 11.5 percent). Meantime, sales fell to OPEC (-18.4 percent), Turkey (-12.5 percent), Russian Federation (-10.0 percent) and Spain (-8.1 percent).

Imports increased 5.9 percent year-on-year to EUR 37.10 billion in June from EUR 35.04 billion, mainly due to higher purchases of: coke and refined petroleum products (37.7 percent); mineral extraction products from quarries and mines (23.7 percent); machinery (10.4 percent) and base metals and metal products, excluding machines and plants (9.3 percent). On the other hand, purchases of other manufacturing activity products declined (-4.8 percent).

Higher imports were recorded mainly from OPEC (34.9 percent), Romania (14.7 percent), Netherlands (13.6 percent), Russia (11.0 percent) and Germany (9.6 percent). In contrast, purchases decreased from India (-16.3 percent), MERCOSUR (-15.3 percent), Poland (-5.7 percent), Switzerland (-4.9 percent) and the UK (-4.0 percent). 

With European Union countries, the trade surplus widened to EUR 1.520 billion from EUR 1.221 billion in June last year.


Istat | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/10/2018 10:09:55 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-18 08:00 AM Balance of Trade €2.938B €4.525B €3.21B €3.8B
2018-07-16 08:00 AM Balance of Trade €3.378B €2.985B €3.25B €4.1B
2018-08-10 08:00 AM Balance of Trade €5.071B €3.366B €3.41B € 1.8B
2018-09-17 08:00 AM Balance of Trade €6.6B
2018-10-16 10:00 AM Balance of Trade €2.9B
2018-11-16 10:00 AM Balance of Trade 4150


Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 5071.00 3366.00 7902.67 -6389.30 EUR Million [+]
Exports 42170.97 40568.29 42284.43 5946.40 EUR Million [+]
Imports 37099.66 37190.76 38526.50 5285.80 EUR Million [+]
Current Account 5135.00 2362.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.80 2.60 2.90 -3.70 percent [+]
External Debt 2177794.00 2131704.00 2177794.00 524899.00 EUR Million [+]
Terms of Trade 100.70 101.90 105.50 83.40 Index Points [+]
Capital Flows -949.00 2286.00 17094.70 -27541.10 EUR Million [+]
Remittances 154.33 181.00 202.52 96.92 EUR Million [+]
Gold Reserves 2451.80 2451.80 2451.84 2451.80 Tonnes [+]
Terrorism Index 2.75 2.36 3.71 1.98 [+]
Tourism Revenues 3621.00 3218.00 5435.00 1128.47 EUR Million [+]
Weapons Sales 660.00 670.00 1715.00 8.00 USD Million [+]
Crude Oil Production 94.00 92.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 2077.00 2099.00 14203.00 -10787.00 EUR Million [+]

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



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. 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5071.00 3366.00 7902.67 -6389.30 1991 - 2018 EUR Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1308.99 Jun/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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