Italy Trade Surplus Widens in June


In June, Italy's trade surplus widened to €3.62 billion from a surplus of €2.78 billion registered in the same month of 2012. This was due to weaker domestic demand as imports fell at a faster pace than exports.

In June, compared with the same month of the previous year, exports decreased by 2.7 percent (-2.8 percent for EU members and -2.7 percent for non EU countries) and imports fell 5.6 percent (-3.0 percent for EU and -8.7 percent for non EU countries). With European Union countries, Italy registered a trade surplus of €1.12 billion, compared with a surplus of €1.11 million in June of 2012.

In seasonally-adjusted data, compared to May 2013, exports were up by 1.2 percent and imports rose 1.6 percent. The increase in sales was the result of an increase of 3.8 percent for EU countries and a decrease of 1.7 percent for non EU countries. Purchases increased for both EU (0.9 percent) and for non EU markets (2.5 percent). Over the last three months, seasonally-adjusted data in comparison with the previous three months, exports rose 0.4 percent and imports dropped 2.1 percent.

Italy Trade Surplus Widens in June


Istat | Nuno Fontes | nuno@tradingeconomics.com
8/9/2013 12:14:39 PM