Italian Trade Surplus Widens 29% in November

Italian trade surplus increased to €4.41 billion in November of 2015, up from a €3.42 billion surplus a year earlier, as exports increased 6.4 percent while imports rose at a slower 3.8 percent.
Istat | Joana Ferreira | 1/18/2016 11:38:02 AM
Year-on-year, exports rose by 6.4 percent to €35.23 billion from €33.13 billion, as shipments of consumer goods grew by 8 percent, sales of capital goods increased by 7.8 percent and exports of intermediate goods went up by 4.7 percent. By contrast, sales of energy products dropped by 9.1 percent.

The biggest increases in shipments were reported for Japan (+21.4 percent), Belgium (+18.5 percent), Austria (+16.7 percent), Spain (+16.3 percent) and Romania (+13.5 percent). Sales to MERCOSUR and OPEC countries declined the most by 27.7 percent and 10.5 percent, respectively. 

Imports increased by 3.8 percent to €30.82 billion from €29.70 billion in November 2014, boosted by a 12.2 percent increase in purchases of capital goods. Imports of consumer and intermediate goods also expanded by 8.9 percent and by 5.9 percent, respectively. By contrast, purchases of energy products fell 23.6 percent.

The increase in imports mainly reflected the strong growth in purchases from Turkey (+19 percent), South Korea, Hong Kong, Malaysia, Singapore, Taiwan and Thailand (+18.5 percent), Poland (+17.1 percent), China (+15.2 percent) and MERCOSUR (+12.3 percent). Meanwhile purchases from Russia (-26.1 percent) and OPEC countries (-12.6 percent) fell.

On a seasonally adjusted monthly basis, exports expanded by 3.5 percent while imports rose at a slower 1.4 percent.

In the first eleven months of 2015, Italy posted a €39.17 billion surplus. Exports went up by 3.8 percent while imports grew 3.3 percent.

Italian Trade Surplus Widens 29% in November