Italy Trade Surplus Narrows In February


Italy's trade surplus declined to €1.84 billion in February 2017 from €3.9 billion in the same month of the previous year while market expected €2.24 billion surplus. Exports increased by 2.3 percent to €34.9 billion, led by higher purchases of coke and refined petroleum products and vehicles; while imports grew by 9.1 percent to €33 billion, as purchases of crude oil and coke and refined petroleum products rose the most. With EU countries, Italy registered a trade surplus of €0.2 billion and with non-EU ones - €1.7 billion.

Year-on-year, exports rose 2.3 percent to €34.9 billion, boosted by higher sales of: coke and refined petroleum products (80.8 percent); vehicles (12.7 percent); chemicals (6.6 percent); and agriculture, forestry and fisheries products (5 percent). By main industrial groups, sales rose for: energy (75.6 percent); intermediate goods (2 percent) and consumer goods (0.9 percent).

The biggest increases in shipments were reported for: China (31.5 percent); Russia (25.4 percent); Spain (9.8 percent) and Poland (8.5 percent). 

Imports increased 9.1 percent to €33 billion, led by gains in purchases of: crude oil (105.3 percent); coke and refined petroleum products (53.6 percent); vehicles (13.8 percent); pharmaceuticals and chemicals (13.8 percent); and computers and electrical appliances (11.3 percent). By main industrial groups, purchases rose for: energy (57 percent); capital goods (6.9 percent); intermediate goods (4.1 percent); and consumer goods (3.8 percent).

The rise in imports mainly reflected the increase in purchases from OPEC countries (54.9 percent), Russia (33.2 percent), Turkey (19.3 percent), Austria (8 percent) and Spain (10.5 percent) and India (38.5 percent).

Italy Trade Surplus Narrows In February


Istat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/17/2017 8:13:26 AM