Italy Balance of Trade  1991-2017 | Data | Chart | Calendar | Forecast

Italy's trade surplus narrowed to EUR 6.56 billion in July 2017 from EUR 7.80 billion in the same month of the previous year but better than market expectations of EUR 3.89 billion. Imports jumped 10.5 percent from the previous year to EUR 33.43 billion, as purchases of natural gas and basic metals and metal products rose the most. Exports rose at a slower 5.1 percent to EUR 40.00 billion, driven by sales of pharmaceutical and coke and refined petroleum products. With European Union countries, the trade surplus decreased to EUR 2.03 billion from EUR 2.91 billion in July 2016. Balance of Trade in Italy averaged 786.08 EUR Million from 1991 until 2017, 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.

Italy Balance of Trade
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Italy Trade Surplus Narrows Less than Expected in July


Italy's trade surplus narrowed to EUR 6.56 billion in July 2017 from EUR 7.80 billion in the same month of the previous year but better than market expectations of EUR 3.89 billion.

Year-on-year, imports jumped 10.5 percent to EUR 33.43 billion from EUR 30.25 billion, led by gains in purchases of: Natural gas (28.6 percent); basic metals and metal products (20.7 percent); rubber and plastic products (15 percent); electrical appliances (14.1 percent); and computer, electronic and optical devices (12.9 percent). Meanwhile, imports of coke and refined petroleum products fell 10.4 percent.

The rise in imports mainly reflected the increase in purchases from Poland (35 percent), Czech Republic (22.5 percent), Turkey (19 percent), China (14.7 percent) and Austria (14.6 percent).

Exports rose 5.1 percent to EUR 40.00 billion from EUR 38.04 billion in July 2016, boosted by higher sales of: Pharmaceutical, chemical and botanical articles (22.8 percent); coke and refined petroleum products (21.2 percent); vehicles (14 percent); sport articles (8.5 percent); and chemicals (7.9 percent). By contrast, exports of transport equipment fell 10.3 percent.

The biggest increases in shipments were reported for Russia (16.3 percent); the Netherlands (15.4 percent); China (15.3 percent); Belgium (14.8 percent); and ASEAN countries (11.3 percent). Meanwhile, sales fell mainly to Turkey (-4.8 percent).

With European Union countries, Italy registered a July trade surplus of EUR 2.03 billion, compared with a surplus of EUR 2.91 billion a year ago.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/18/2017 9:24:46 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-14 09:00 AM Balance of Trade €4.34B €3.60B €2.43B €4.9B
2017-08-10 08:00 AM Balance of Trade €4.50B €4.34B €3.87B €4.8B
2017-09-18 08:00 AM Balance of Trade €6.56B €4.504B €7.1B
2017-10-17 08:00 AM Balance of Trade €6.56B
2017-11-16 09:00 AM Balance of Trade
2017-12-18 09:00 AM Balance of Trade


Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 6560.39 4503.88 7902.67 -6389.30 EUR Million [+]
Exports 39994.56 39541.49 42284.43 5946.40 EUR Million [+]
Imports 33434.17 35037.61 38526.50 5285.80 EUR Million [+]
Current Account 8625.00 5585.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.60 1.40 2.90 -3.70 percent [+]
External Debt 2144501.00 2101462.00 2145272.00 524899.00 EUR Million [+]
Terms of Trade 113.80 112.20 115.60 91.40 Index Points [+]
Capital Flows 721.00 5279.00 16541.10 -27541.10 EUR Million [+]
Remittances 173.82 160.68 221.00 97.00 EUR Million [+]
Gold Reserves 2451.84 2451.84 2451.84 2451.84 Tonnes [+]
Crude Oil Production 100.00 101.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 504.00 3189.00 14203.00 -10786.60 EUR Million [+]
Terrorism Index 2.36 3.36 3.71 1.98 [+]
Tourism Revenues 3861.74 3512.75 4975.06 1128.47 EUR Million [+]
Weapons Sales 802.00 692.00 1715.00 8.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Italy Balance of Trade

Since February of 2013, Italy has been recording consistent trade surpluses due to a reduction in imports and rising exports. In 2014 as a whole, the country posted the biggest trade surplus since 1993. In recent years, the biggest trade surpluses were recorded with the United States, France, Switzerland, and the United Kingdom and the biggest trade deficits with China, Netherlands, Germany 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6560.39 4503.88 7902.67 -6389.30 1991 - 2017 EUR Million Monthly
Current Prices, NSA




balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.64 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -1259000.00 Jun/17
Switzerland 2173.00 Aug/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17