Italy’s trade surplus widened to €5.08 billion in November 2025, up from €3.39 billion a year earlier, slightly below market expectations of €5.2 billion. Exports edged 0.1% lower, weighed down by sharp declines in other manufacturing (-19.7%), refining (-31.3%), electronics (-12.1%), other transportation (-8.2%), and chemicals (-2.5%), partly offset by gains in metals (17.0%), pharmaceuticals (6.1%), machinery (3.2%), and motor vehicles (9.1%). Exports fell to major partners including Turkey (-40.5%), the UK (-16.2%), ASEAN (-21.5%), the US (-2.9%), and the Netherlands (-9.7%), while rising to OPEC (18.9%), Switzerland (12.2%), and Belgium (9.4%). Imports fell 3.5%, driven by lower purchases of pharmaceuticals (-25.6%), crude oil (-39.5%), and natural gas (-17.3%), with declines from OPEC (-34.6%), Belgium (-11.0%), the US (-8.2%), Switzerland (-14.1%), and China (-4.2%). source: National Institute of Statistics (ISTAT)

Italy recorded a trade surplus of 5078.15 EUR Million in November of 2025. Balance of Trade in Italy averaged 1343.48 EUR Million from 1991 until 2025, reaching an all time high of 9550.66 EUR Million in July of 2020 and a record low of -9558.37 EUR Million in August of 2022. 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 February of 2026.

Italy recorded a trade surplus of 5078.15 EUR Million in November of 2025. Balance of Trade in Italy is expected to be 4410.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Balance of Trade is projected to trend around 4900.00 EUR Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-16 10:00 AM
Balance of Trade
Oct €4.156B €2.968B €3.22B €3.2B
2026-01-15 11:00 AM
Balance of Trade
Nov €5.078B €4.183B €5.2B €3.6B
2026-02-17 09:00 AM
Balance of Trade
Dec €5.078B €4.5B


Related Last Previous Unit Reference
Balance of Trade 5078.15 4182.54 EUR Million Nov 2025
Exports 53625.00 58685.00 EUR Million Nov 2025
Imports 48547.00 54502.00 EUR Million Dec 2025
Terms of Trade 108.20 108.40 points Nov 2025
Tourist Arrivals 29231790.00 69332700.00 Persons Nov 2025


Italy Balance of Trade
Italy consistently records trade surpluses, although soaring energy costs in 2022 inflated the price of purchases and drove the Italian economy to import more than it exports during a short period. Italy’s main exports include base metals, chemicals, transportation equipment, and pharmaceutical goods, while the main imports are machinery and energy. The largest exporting partners are France, Germany, and the United States, while the main importing partners are Germany, France, China, and OPEC nations.
Actual Previous Highest Lowest Dates Unit Frequency
5078.15 4182.54 9550.66 -9558.37 1991 - 2025 EUR Million Monthly
Current Prices, NSA

News Stream
Italy’s Trade Surplus Widens in November
Italy’s trade surplus widened to €5.08 billion in November 2025, up from €3.39 billion a year earlier, slightly below market expectations of €5.2 billion. Exports edged 0.1% lower, weighed down by sharp declines in other manufacturing (-19.7%), refining (-31.3%), electronics (-12.1%), other transportation (-8.2%), and chemicals (-2.5%), partly offset by gains in metals (17.0%), pharmaceuticals (6.1%), machinery (3.2%), and motor vehicles (9.1%). Exports fell to major partners including Turkey (-40.5%), the UK (-16.2%), ASEAN (-21.5%), the US (-2.9%), and the Netherlands (-9.7%), while rising to OPEC (18.9%), Switzerland (12.2%), and Belgium (9.4%). Imports fell 3.5%, driven by lower purchases of pharmaceuticals (-25.6%), crude oil (-39.5%), and natural gas (-17.3%), with declines from OPEC (-34.6%), Belgium (-11.0%), the US (-8.2%), Switzerland (-14.1%), and China (-4.2%).
2026-01-15
Italy Trade Surplus Narrows Less than Expected
Italy’s trade surplus narrowed to EUR 4.16 billion in October 2025 from the EUR 4.62 billion in the same month a year earlier, but it was above market expectations of EUR 3.22 billion, with exports growing less than imports. Exports increased by 2.3% year-on-year to EUR 58.56 billion, supported by higher sales to both EU (+0.5%) and non-EU (+4.1%) markets. The sectors contributing most to the growth were pharmaceuticals, medicinal chemicals, and botanicals (+18.5%) and basic metals and fabricated metal products, excluding machinery and equipment (+13.7%). Among key trading partners, exports grew mostly to Switzerland (+34.9%), the United States (+9.7%), OPEC countries (+15.8%), Spain (+7.3%), and France (+3.7%). Meanwhile, imports rose faster at 3.4% to EUR 54.41 billion, with purchases from non-EU (+4.2%) rising more than EU markets (+2.7%). From January to October, the country’s trade surplus stood at EUR 39.6 billion, largely unchanged from EUR 39.8 billion the same period in 2024.
2025-12-16
Italy Trade Surplus Widens Less than Expected
Italy posted a trade surplus of €2.85 billion in September 2025, below market expectations of €3.2 billion, but widening from the €2.32 billion surplus in the same month a year earlier, as export growth outpaced imports. Exports increased by 10.5% year-on-year to €55.79 billion, supported by strong sales to both EU (+10.2%) and non-EU (+10.9%) markets. The sectors contributing most to the growth were pharmaceuticals, chemical-medicinal products, and botanicals (+39.4%), basic metals and fabricated metal products, excluding machinery and equipment (+19.0%), transportation equipment, excluding motor vehicles (+29.6%), machinery and equipment n.e.c. (+7.1%), and food, beverages, and tobacco (+6.9%). Among key trading partners, exports grew most to the US (+34.7%), followed by France (+19.5%) and Spain (+14.7%). Meanwhile, imports rose by 9.9% to €52.94 billion, with purchases from non-EU markets (+13.7%) rising more sharply than those from the EU (+7.2%).
2025-11-14