Exports from Italy dropped 2.8 percent year-on-year to EUR 36.92 billion in September 2018, mainly due to lower sales of: other transport means (-13.1 percent); machinery (-3.2 percent); food products (-4.3 percent); pharmaceuticals (-5.4 percent); electrical devices (-4.8 percent); other manufactured goods (-5.6 percent); and vehicles (-3.4 percent). By contrast, exports of coke and refined petroleum products increased 6 percent and those of electronics rose 4.4 percent. Exports fell mostly to the US (-8.6 percent), Turkey (-31 percent), Russia (-24.7 percent), China (-17.2 percent), Japan (-17.3 percent) and MERCOSUR countries (-18.2 percent). Meanwhile, sales rose to the Netherlands (11.3 percent), ASEAN countries (4.7 percent) and Poland (2.4 percent). Exports in Italy averaged 24296.25 EUR Million from 1991 until 2018, reaching an all time high of 42747.61 EUR Million in July of 2018 and a record low of 5946.40 EUR Million in August of 1991.
Exports in Italy is expected to be 37200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Italy to stand at 41500.00 in 12 months time. In the long-term, the Italy Exports is projected to trend around 42900.00 EUR Million in 2020, according to our econometric models.