Italy Posts €3.5B Trade Surplus in November

The Italian trade surplus widened slightly to €3.5 billion in November of 2014 from €3 billion a year earlier, due to lower energy imports and higher exports.

Exports rose 1.7 percent year-on-year to €33.14 billion as sales to countries outside the European Union increased by 2.7 percent and shipments to the EU edged up 1 percent. Sales of capital goods increased the most (6.2 percent), followed by durable goods (2.3 percent) and non-durable (1.7 percent). In contrast, sales of energy products shrank 14.9 percent. 

Imports were flat year-on-year at € 29.5 billion, as increase in purchases of capital goods (10.2 percent) and durable goods (6.8 percent) offset a 19.3 percent decrease in energy purchases. 

On a seasonally adjusted basis, exports decreased by 1.1 percent over October and imports fell 0.1 percent.

Italy Posts €3.5B Trade Surplus in November

Istat | Joana Taborda |
1/20/2015 10:29:27 AM