Italy Balance of Trade  1991-2018 | Data | Chart | Calendar | Forecast

Italy's trade surplus narrowed to EUR 5.25 billion in December 2017 from EUR 5.69 billion in the same month of the previous year, still above market expectations of EUR 4.44 billion. Imports jumped 3.7 percent to EUR 31.55 billion while exports rose at a slower 2 percent to EUR 36.80 billion. Balance of Trade in Italy averaged 835.60 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Italy December Trade Surplus Narrows Less than Expected


Italy's trade surplus narrowed to EUR 5.25 billion in December 2017 from EUR 5.69 billion in the same month of the previous year, still above market expectations of EUR 4.44 billion.

Imports increased 3.7 percent year-on-year to EUR 31.55 billion in December from EUR 30.41 billion, led by gains in purchases of: crude oil (23.8 percent); coke and refined petroleum products (16.3 percent); paper and paper products, products of printing and reproduction of recorded media (14.6 percent); basic metals and metal products (13.8 percent); and natural gas (13.1 percent). Meanwhile, imports of pharmaceutical, chemical-medicinal and botanical articles and textile products fell by 5.7 percent and 5 percent, respectively.

The rise in imports mainly reflected the increase in purchases from Romania (22.1 percent), Germany (14.4 percent), Russia (10.7 percent), the UK (10.2 percent) and OPEC countries (10.1 percent). By contrast, imports fell from ASEAN countries (-19.6 percent), the US (-14.8 percent) and China (-10.8 percent).

Exports rose at a slower 2 percent to EUR 36.80 billion in December from EUR 36.10 billion a year earlier, mainly boosted by higher sales of: pharmaceutical, chemical-medicinal and botanical articles (60 percent); transport equipment (21.9 percent); and food, beverages and tobacco (3.1 percent). By contrast, exports of machinery and appliances declined 7.4 percent and those of vehicles fell 6.5 percent.

Exports rose mostly to the US (16.9 percent), Poland (15.7 percent), Czech Republic (11.5 percent), the Netherlands (9.7 percent) and China (8.3 percent). Meanwhile, sales fell to OPEC (-17.9 percent), ASEAN (-13.2 percent) and MERCOSUR countries (-8.2 percent).

With European Union countries, the trade deficit widened sharply to EUR 974 million from EUR 1 million in December last year. 

Considering 2017 full year, the trade surplus narrowed to EUR 47.45 billion from EUR 49.64 billion in 2016.


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/15/2018 9:38:27 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-18 09:00 AM Balance of Trade €4.953B €3.991B €3.23B €4.4B
2018-01-16 10:00 AM Balance of Trade €4.83B €4.988B €5.22B €4.2B
2018-02-15 09:00 AM Balance of Trade €5.253B €4.837B €4.44B €5.9B
2018-03-19 10:00 AM Balance of Trade €5.253B € 4.3B
2018-04-17 09:00 AM Balance of Trade € 4.3B
2018-05-17 08:00 AM Balance of Trade € 4.3B


Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 5253.08 4836.65 7902.67 -6389.30 EUR Million [+]
Exports 36803.86 40677.85 42284.43 5946.40 EUR Million [+]
Imports 31550.77 35841.20 38526.50 5285.80 EUR Million [+]
Current Account 5872.00 4881.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.70 1.50 2.90 -3.70 percent [+]
External Debt 2116930.00 2114116.00 2145272.00 524899.00 EUR Million [+]
Terms of Trade 111.40 111.80 115.60 91.40 Index Points [+]
Capital Flows 4868.00 5968.10 17094.70 -27541.10 EUR Million [+]
Remittances 177.71 179.80 202.52 96.92 EUR Million [+]
Gold Reserves 2451.84 2451.84 2451.84 2451.84 Tonnes [+]
Terrorism Index 2.75 2.36 3.71 1.98 [+]
Tourism Revenues 2140.00 3470.17 5470.92 1128.47 EUR Million [+]
Weapons Sales 802.00 692.00 1715.00 8.00 USD Million [+]
Crude Oil Production 99.00 72.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 668.00 3334.00 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5253.08 4836.65 7902.67 -6389.30 1991 - 2017 EUR Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia -1358.00 Dec/17
Brazil 2768.44 Jan/18
Canada -3186.30 Dec/17
China 203.40 Jan/18
Euro Area 25414.60 Dec/17
France -3468.00 Dec/17
Germany 18226.00 Dec/17
India -16298.47 Jan/18
Indonesia -676.90 Jan/18
Italy 5253.08 Dec/17
Japan -943.42 Jan/18
Mexico -156.97 Dec/17
Netherlands 4104.00 Dec/17
Russia 13700.00 Dec/17
South Korea 3700.00 Jan/18
Spain -2050000.00 Dec/17
Switzerland 1323.45 Jan/18
Turkey -9206.19 Dec/17
United Kingdom -4896.00 Dec/17
United States -53118.00 Dec/17


Related

Latest