Italy's trade surplus narrowed to EUR 4.75 billion in February 2021, down from EUR 5.98 billion in the same month last year, as global demand was hit by the ongoing COVID-19 crisis. Exports dropped 4.4 percent, due to lower sales of non-durable consumer goods (-4.8 percent), capital goods (-7.7 percent), and energy products (-30.6 percent). Among major trade partners, exports were down to the EU (-1.8 percent), in particular France and Spain, and non-EU countries (-7.2 percent) led by Switzerland, the US and the UK. Meanwhile, imports declined at a softer 1.6 percent due to purchases of non-durable consumer goods (-6.1 percent), capital goods (-0.1 percent), and energy products (-16.3 percent). Imports were down from the EU (-0.5 percent), mainly from Germany, France and Belgium. Imports from non-EU countries dropped 3.1 percent, led by Switzerland, the UK and the US. Imports from China, however, climbed 14.6 percent. source: National Institute of Statistics (ISTAT)
Balance of Trade in Italy averaged 1205.11 EUR Million from 1991 until 2021, reaching an all time high of 9689.39 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 May of 2021.
Balance of Trade in Italy is expected to be 4160.00 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 9800.00 in 12 months time. In the long-term, the Italy Balance of Trade is projected to trend around 9100.00 EUR Million in 2022 and 8900.00 EUR Million in 2023, according to our econometric models.