Italy Trade Surplus Widens In March


taly's trade surplus rose to €5.4 billion in March 2017 from €5.2 billion surplus in the same month of the previous year while market expected €1.97 billion surplus. Exports increased by 14.5 percent to €42.39 billion, led by higher purchases of coke and refined petroleum products and vehicles; while imports grew by 16.3 percent to €36.97 billion, as purchases of crude oil and coke and refined petroleum products rose the most. With EU countries, Italy registered a trade surplus of €1.25 billion and with non-EU ones - €4.2 billion.

Year-on-year, exports rose 14.5 percent to €42.39 billion, boosted by higher sales of: coke and refined petroleum products (47.1 percent); vehicles (28.1 percent); pharmaceuticals and chemicals (22.8 percent); and electrical appliances (5 percent). By main industrial groups, sales rose for: energy (47.5 percent); intermediate goods (15.7 percent); consumer goods (14.1 percent) and capital goods (11.9 percent).

The biggest increases in shipments were reported for: China (32.3 percent); Russia (21.2 percent); Spain (23.4 percent); Poland (24.5 percent) and Germany (16.3 percent). 

Imports increased 16.3 percent to €36.97 billion, led by gains in purchases of: crude oil (68 percent); coke and refined petroleum products (59.2 percent); vehicles (26.6 percent); pharmaceuticals and chemicals (23.7 percent); and base metals (20.3 percent). By main industrial groups, purchases rose for: energy (13.6 percent); capital goods (15.3 percent); intermediate goods (33 percent); and consumer goods (11.1 percent).

The rise in imports mainly reflected the increase in purchases from OPEC countries (62.1 percent), Turkey (26 percent), Austria (12.9 percent); Spain (25.8 percent); Germany (15.3 percent); the US (42.2 percent) and India (32.6 percent).


Italy Trade Surplus Widens In March


Istat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/17/2017 9:13:24 AM