In May 2013, exports decreased to € 34.6 billion, down 3.4 percent for European Union shipments and up 0.7 percent for non-EU countries. Imports decreased to €30.7 billion, down 5.5 percent for EU and down 15.8 percent for non EU countries. With European Union countries, Italy registered a trade surplus of € 890 million, compared with a surplus of € 525 billion in May of 2012.
The annual decline in exports is particularly pronounced in sales to Switzerland (-15.8 percent), Austria (-7.9 percent) and the U.S. (-5.6 percent). Also relevant is the reduction in sales of refined petroleum products (-18.7 percent), basic metals and metal products (-15.6 percent) and motor vehicles (-7.0 percent).
Imports from OPEC countries (-40.5 percent), China (-16.9 percent) and MERCOSUR countries (-16.2 percent) are in sharp decline. The biggest contraction was registered in purchases of transportation vehicles (motor vehicles excluded) (-46.0 percent), products of mineral extraction and quarrying except oil and gas (-40.4 percent) and crude oil (-32.9 percent).