Italy Trade Surplus Widens in February

The trade surplus in Italy rose to EUR 3,268 billion in February of 2019 from EUR 3,098 billion in the corresponding month of the previous year.
Istat | Agna Gabriel | 4/17/2019 10:07:35 AM
Exports advanced 3.4 percent from a year earlier to EUR 37,499 billion in February, mainly due to sales of: machinery and equipment (2.5 percent); textiles, clothing and leather (8.8 percent); transport equipment (8.1 percent); basic metals and metal products (3.6 percent); food, beverages & tobacco (9.7 percent) and rubber and plastic products, other non-metallic mineral products (2.8 percent).

Exports rose mostly to the US (20.6 percent); Germany (3.1 percent); France (0.7 percent); the UK (19.6 percent) and Switzerland (16.5 percent). Meanwhile, sales fell to Spain (-2.3 percent); OPEC (-1.1 percent) and Turkey (-28.9 percent).

Imports increased at a softer 3.3 percent to EUR 34,231 billion, led by gains in purchases of: basic metals and metal products (7.8 percent); machinery and equipment (3.5 percent); pharmaceutical, chemical-medicinal and botanical articles (24.2 percent) and food, beverages and tobacco (2.6 percent). 

The rise in imports mainly reflected the increase in purchases from Germany (1.7 percent); China (4.9 percent); the US (22.3 percent); the Netherlands (1.7 percent) and Belgium (18.9 percent). By contrast, imports fell from France (-2.2 percent) and OPEC (-13.9 percent). 

With European Union countries, the country's trade surplus narrowed slightly to EUR 1,112 billion from EUR 1,124 billion in February 2018.

Italy Trade Surplus Widens in February