Italy Trade Surplus Widens 22% in May

Italy trade surplus increased 22 percent year-on-year to EUR 5.03 billion in May of 2016, from a EUR 4.11 billion surplus a year earlier. It was the highest value for a May month since at least 1991 as exports increased 2.4 percent while imports fell 0.2 percent.
Istat | Francisco Caeiro | francisco.caeiro@tradingeconomics.com 7/15/2016 12:34:51 PM
Exports grew to EUR 36.16 billion boosted by higher sales of food, beverages and tobacco (+12.1 percent) and computer, electronic and optical equipment (+11.7 percent) while shipments of refined petroleum products (-35.4 percent) fell.

The biggest increases in exports were recorded for Japan (+12.4 percent) and also for the EU (+5.8 percent) boosted by Czech Republic (+12.1 percent) and Spain (+10.2 percent) while main drops were recorded for MERCOSUR (-24.8 percent) and OPEC (-10.9 percent).

Imports fell to EUR 31.12 billion mainly weighed by natural gas (-38.3 percent) and coke and refined petroleum products (-24.7 percent) while purchases were higher for automobiles (+26.4 percent) and machinery and equipment (+10.1 percent). 

Italy Trade Surplus Widens 22% in May