Italy Trade Surplus Widens in February


Italy recorded a € 3.54 billion trade surplus in February of 2015, up 33.5 percent from last year’s € 2.65 billion surplus, as imports slowed due to low energy prices.

Imports grew only 1 percent to €29.5 billion, pushed down by lower energy purchases. Excluding energy, imports surged 6.8 percent.

Exports increased 3.7 percent year-on-year to €32.98 billion, driven by sales of transport vehicles (30.1 percent) and auto (31.6 percent). Exports surged to the United States (48.5 percent), Czech Republic (14.3 percent) and Turkey (10.6 percent). 

Sales to countries outside the European Union increased 7.1 percent while shipments to the EU edged up 1.1 percent. 

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

Net of energy products, Italy would have recorded a trade surplus of €9.3 billion in February

Italy Trade Surplus Widens in February


Istat | Joana Taborda | joana.taborda@tradingeconomics.com
4/16/2015 9:55:14 AM