Italy posted a trade deficit of EUR 2.17 billion in June of 2022, swinging from a surplus of EUR 5.67 billion in the corresponding month of the previous year, marking the 7th consecutive trade deficit for the Italian economy. Imports jumped 44.2 percent to EUR 56.6 billion, driven by a surge in purchases of energy (102.8 percent) amid soaring prices. Imports also rose for intermediate goods (33.9 percent), and consumer goods (22.3 percent). Meanwhile, exports rose at a slower 21.2 percent to EUR 54.5 billion, as sales increased for consumer goods (23 percent), intermediate goods (20.3 percent), and capital goods (11.5 percent). Within the European Union, Italy registered a trade surplus of EUR 0.84 billion. source: National Institute of Statistics (ISTAT)

Balance of Trade in Italy averaged 1227.18 EUR Million from 1991 until 2022, reaching an all time high of 9550.66 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 August of 2022.

Balance of Trade in Italy is expected to be -3300.00 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 5900.00 EUR Million in 2023 and 7500.00 EUR Million in 2024, according to our econometric models.

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Italy Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-18 08:00 AM May €-0.012B €-3.364B €-4B
2022-08-12 08:00 AM Jun €-2.166B €-0.062B € -6.6B
2022-09-16 08:00 AM Jul €-2.166B


Related Last Previous Unit Reference
Balance of Trade -2166.00 -62.00 EUR Million Jun 2022
Imports 56647.96 56632.14 EUR Million Jun 2022
Exports 54482.45 56569.99 EUR Million Jun 2022
Terms of Trade 92.10 87.90 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2166.00 -62.00 9550.66 -6389.31 1991 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
Italy Records 7th Consecutive Trade Deficit
Italy posted a trade deficit of EUR 2.17 billion in June of 2022, swinging from a surplus of EUR 5.67 billion in the corresponding month of the previous year, marking the 7th consecutive trade deficit for the Italian economy. Imports jumped 44.2 percent to EUR 56.6 billion, driven by a surge in purchases of energy (102.8 percent) amid soaring prices. Imports also rose for intermediate goods (33.9 percent), and consumer goods (22.3 percent). Meanwhile, exports rose at a slower 21.2 percent to EUR 54.5 billion, as sales increased for consumer goods (23 percent), intermediate goods (20.3 percent), and capital goods (11.5 percent). Within the European Union, Italy registered a trade surplus of EUR 0.84 billion.
2022-08-12
Italy Balance of Trade at Slight Deficit
Italy posted a trade deficit of EUR 12 million in May of 2022, swinging from a surplus of EUR 5.6 billion in the corresponding month of the previous year. Imports surged by 48.8 percent to EUR 56.5 billion, driven by purchases of energy (160.1 percent), consumer goods (41.2 percent), and capital goods (40.1 percent). Meanwhile, exports rose at a slower 29.5 percent to also EUR 56.5, supported by sales of energy (120.5 percent), capital goods (32.2 percent), and consumer goods (30 percent). Within the European Union, Italy registered a trade surplus of EUR 246 million.
2022-07-18
Italy Trade Balance Swings to Deficit in April
Italy posted a trade deficit of EUR 3.7 billion in April of 2022, swinging from a surplus of EUR 5.9 billion in the corresponding month of the previous year. Imports surged by 42.4 percent to EUR 53.8 billion, driven by purchases of energy (197.4 percent), intermediate goods (31.2 percent), and consumer goods (29.8 percent). Meanwhile, exports rose at a slower 14.9 percent to EUR 50.1 billion, also driven by exports of energy (135 percent), intermediate goods (18.1 percent), and consumer goods (17.7 percent). Within the European Union, Italy registered a trade deficit on EUR 955 million, compared to a surplus of EUR 1 billion in April of the previous year, as imports rose by 27.7 percent and exports increased by 17.7 percent.
2022-06-17