Italian Trade Surplus Widens in February


Italian trade surplus increased to €3.86 billion in February of 2016, from a €3.5 billion surplus a year earlier and well above market expectations of €2.3 billion. Exports went up 3.3 percent, mainly due to higher sales of medical, pharmaceutical and chemical products, computers, electronic and optical products, rubber and plastic products. Imports grew 2.4 percent, as purchases of motor vehicles and medical, pharmaceutical and chemical products rose while imports of crude oil and natural gas fell sharply.

Year-on-year, exports rose 3.3 percent to €34.085 billion from €33 billion, as sales of consumer goods (+8 percent), intermediate goods (+3.9 percent), capital goods (+0.9 percent) increased while energy products (-29.1 percent) fell sharply. Among sectors, exports of medical, pharmaceutical and chemical products (+21 percent) computers, electronic and optical products (+10.5 percent), rubber and plastic products (+9.6 percent) expanded the most.

The biggest increases in shipments were reported for Japan (+13.6 percent), ASEAN countries (+12.4 percent) and Belgium (+10.2 percent). Meanwhile, sales to Other African countries and MERCOSUR fell the most by 22.6 percent and 20.7 percent, respectively. 

Imports went up 2.4 percent to €30.3 billion from € 29.5 billion in February 2015, led by a rise in purchases of capital (+10.7 percent), consumer (+6.4 percent) and intermediate (+4.8 percent) goods. In contrast, energy products dropped 30.6 percent. Among sectors, imports of motor vehicles (+30.9 percent) and medical, pharmaceutical and chemical products (+16 percent) rose while imports of crude oil (-42.4 percent) and natural gas (-27.5 percent) fell sharply.

The growth in imports mainly reflected the rise in purchases from Japan (+55.5 percent), Belgium (+28.4 percent), Czech Republic (+24.3 percent) and ASEAN (+19.6 percent). In contrast, imports from Russia (-31.8 percent) and Middle Eastern countries (-29.2 percent) fell.

On a seasonally adjusted monthly basis, exports went up by 2.5 percent and imports edged up 0.6 percent.

Italian Trade Surplus Widens in February


Istat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/15/2016 9:56:28 AM