Italy Trade Surplus Widens in May

Italy recorded a €4.18 billion trade surplus in May of 2015, up from a €3.72 billion surplus a year earlier as exports rose at a faster pace than imports.

Year-on-year, exports rose 2 percent to €35.39 billion from €34.68 billion, as energy products shipments expanded 16.9 percent and sales of consumer goods increased 5.1 percent. Also, intermediate goods grew 1.2 percent. In contrast, exports of capital goods fell 1.3 percent. The growth of exports is very strong towards Belgium (+14.8 percent), Spain (+13.4 percent), the UK (+10.8 percent), Czech Republic (+10 percent) and Turkey (+9.4 percent). Sales to Russia and MERCOSUR countries declined 30.6 percent and 12.3 percent, respectively. 

Imports increased 0.8 percent to €31.21 billion from €30.96 billion, boosted by a 9.5 percent increase in purchases of capital goods and a 5.1 percent growth in consumer goods. Imports of intermediate goods also expanded 4.9 percent. While energy products purchases fell 26 percent.  The increase in imports mainly reflects the strong growth in purchases from the US (+19.2 percent), Belgium (+16 percent), ASEAN countries (+14.7 percent), Czech Republic (+11.3 percent) and Poland (+10.5 percent). Meanwhile purchases from Russia (-20.8 percent) and India (-14 percent) fell the most.

On a seasonally adjusted monthly basis, exports grew 1.5 percent while imports declined 0.3 percent.

So far this year, Italy posted a €15.69 billion surplus.

Italy Trade Surplus Widens in May

Istat |
7/16/2015 9:40:54 AM