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.