Italy Trade Surplus Widens In November

The trade surplus in Italy increased 6.2 percent year-on-year to EUR 4.2 billion in November of 2016, above market expectations of a EUR 3.84 billion surplus. Exports jumped 5.7 percent, following a 2.2 percent drop in October and imports increased at a slightly slower 5.6 percent, recovering from a 1.6 percent fall in October.

Exports reached EUR 37.1 billion in November, boosted by sales of vehicles, excluding motor vehicles (+18.4 percent), motor vehicles (+13.7 percent) and chemicals and chemical products (+13.4 percent). Among main export partners, increases were recorded in shipments to the United States (+15.3 percent), Japan (+14.1 percent) and China (+12.8 percent) and within the European Union, Czech Republic (+12.7 percent), Romania (+9.1 percent) and Germany (+7 percent).

Imports increased to EUR 32.9 billion on higher purchases of motor vehicles (+27.8 percent), means of transport, except motor vehicles (+12.3 percent) and machinery and equipment (+11.6 percent). Imports from the EU countries increased 8.1 percent and those to non-EU countries rose 1.6 percent. 

Considering the first eleven months of 2016, the trade surplus increased by EUR 9.6 billion to EUR 45.8 billion, as exports edged up 0.7 percent and imports fell 2 percent. 

Italy Trade Surplus Widens In November

Istat | Joana Taborda |
1/17/2017 10:49:00 AM