Italy’s trade surplus decreased to EUR 3.66 billion in December of 2019 from EUR 5.08 billion in the corresponding month of the previous year, but slightly higher than market expectations of a EUR 3.47 billion. Imports rose 1.4 percent from a year earlier while exports declined 2.7 percent. Balance of Trade in Italy averaged 924.68 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.

Balance of Trade in Italy is expected to be 2800.00 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 6000.00 in 12 months time. In the long-term, the Italy Balance of Trade is projected to trend around 3900.00 EUR Million in 2020, according to our econometric models.

Italy Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-16 10:00 AM Balance of Trade €1.274B €2.491B €2.87B € 4.2B
2018-12-17 09:00 AM Balance of Trade €3.784B €1.274B €1.89B €2.5B
2019-01-17 09:00 AM Balance of Trade €3.843B €3.784B €2.89B €4.1B
2019-02-15 09:00 AM Balance of Trade €3.658B €3.843B €3.47B €2.9B
2019-03-19 09:00 AM Balance of Trade €-0.2B
2019-04-17 09:00 AM Balance of Trade €2.5B
2019-05-16 09:00 AM Balance of Trade €2.8B



Italy Trade Surplus Slightly Larger than Expected

Italy’s trade surplus decreased to EUR 3.66 billion in December of 2019 from EUR 5.08 billion in the corresponding month of the previous year, but slightly higher than market expectations of a EUR 3.47 billion. Imports rose 1.4 percent from a year earlier while exports declined 2.7 percent.

Imports rose 1.4 percent year-on-year to EUR 32.04 billion in December of 2018, boosted by higher purchases of textiles and clothing (+2.3 percent); electronical equipment (+6 percent) and other manufacturing products (+4.4 percent). On the other hand, imports of machinery and equipment (-6 percent) and base metals and metal products (-4.3 percent) declined. 

Increases were seen in purchases from China (18.2 percent); the US (32.9 percent); Russia (20.5 percent) and Belgium (1.9 percent); while imports dropped from Germany (-4.6 percent) and OPEC countries (-1.5 percent).

Exports fell 2.7 percent to EUR 35.7 billion in December of 2018, dragged down by lower sales of clothing and footwear (-0.3 percent); base metal and metal products (-1.5 percent); transport equipment (-9.5 percent) and food and non-alcoholic beverages (-3.8 percent). 

Shipments declined mostly to the US (-5.7 percent); Germany (-2.9 percent); OPEC countries (-8.4 percent) and China (-15.2 percent). Conversely, exports rose to France (5.1 percent); Switzerland (7.5 percent) and the UK (4.6 percent). 

With the European Union countries, Italy recorded a trade deficit of EUR 0.613 billion in December, as exports decreased by 0.3 percent to EUR 18.45 billion and imports fell 2.7 percent to EUR 19.06 billion.

Considering 2018, Italy posted a trade surplus of 39.80 billion, as exports grew 3 percent to EUR 462.81 billion and imports advanced at a faster 5.4 percent to EUR 423.0 billion. 


Istat | Agna Gabriel | agna.gabriel@tradingeconomics.com
2/15/2019 9:45:01 AM


News

Italy Trade Surplus Larger than Expected
Italy’s trade surplus fell to EUR 3.84 billion in November of 2018 from EUR 4.67 billion in the corresponding month of the previous year, but well above market expectations of EUR 2.89 billion. Imports advanced 3.4 percent from a year earlier while exports went up at a softer 1 percent.
Published on 2019-01-17

Italy Trade Surplus Narrows 23% YoY in October
Italy's trade surplus decreased to EUR 3.78 billion in October 2018 from EUR 4.91 billion in the same month of the previous year, but well above market expectations of EUR 1.89 billion. Imports advanced faster than exports.
Published on 2018-12-17

Italy September Trade Surplus Smaller than Expected
Italy's trade surplus narrowed sharply to EUR 1.27 billion in September 2018 from EUR 4.26 billion in the same month of the previous year, and well below market expectations of EUR 2.87 billion. It was the smallest trade surplus since a deficit was recorded in January.
Published on 2018-11-16

Italy Posts Smallest Trade Surplus in 7 Months
The trade surplus in Italy narrowed to EUR 2.56 billion in August of 2018 from EUR 2.76 billion in the same month of the previous year and missing market expectations of a EUR 4.34 billion surplus. It was the smallest trade surplus since January
Published on 2018-10-16



Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 3658.00 3843.00 7902.67 -6389.30 EUR Million [+]
Current Account 4805.70 6043.50 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.80 2.60 2.90 -3.70 percent [+]
Imports 32042.01 37372.80 39938.06 5285.80 EUR Million [+]
Exports 35699.85 41219.69 43756.10 5946.40 EUR Million [+]
External Debt 2139097.00 2138556.00 2177794.00 524899.00 EUR Million [+]
Terms of Trade 98.80 99.50 105.50 83.40 Index Points [+]
Capital Flows 9983.00 2146.90 17094.70 -27541.10 EUR Million [+]
Remittances 148.20 141.61 202.52 96.92 EUR Million [+]
Gold Reserves 2451.80 2451.80 2451.84 2451.80 Tonnes [+]
Terrorism Index 2.74 2.75 3.71 1.98 [+]
Tourism Revenues 2233.92 3670.03 5821.17 1128.47 EUR Million [+]
Weapons Sales 660.00 670.00 1715.00 8.00 USD Million [+]
Crude Oil Production 83.00 80.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 846.00 879.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3658.00 3843.00 7902.67 -6389.30 1991 - 2018 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -55.29 Dec/18
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1787.14 Dec/18
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


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