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. source: National Institute of Statistics (ISTAT)
Balance of Trade in Italy averaged 1231.80 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 June of 2022.
Balance of Trade in Italy is expected to be -6600.00 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.