Italy Trade Surplus Narrows in June

Italy recorded a €2.81 billion trade surplus in June of 2015, down from a €3.24 billion surplus a year earlier as exports rose at a slower pace than imports.
Istat | 8/12/2015 12:08:54 PM
Year-on-year, exports rose 9.4 percent to €36.72 billion, as energy products shipments grew 20.6 percent and sales of consumer goods increased 11.9 percent. Also, exports of capital goods and intermediate goods grew by 9.4 percent and 5.9 percent, respectively.

The biggest increases in shipments were reported fpr Belgium (+37.6 percent), Turkey (+27 percent), the US (+21.5 percent), Spain (+18.5 percent) and Japan (+14.7 percent). Sales to Russia and MERCOSUR countries declined 25.3 percent and 9.6 percent, respectively. 

Imports increased by 12.2 percent to €33.91 billion, boosted by a 28 percent increase in purchases of capital goods. Imports of consumer goods and intermediate goods also expanded by 17 percent and by 10.5 percent each. In contrast, energy products purchases fell 14 percent.

The increase in imports mainly reflected the strong growth in purchases from ASEAN countries (+33.7 percent), Belgium (+32.6 percent), South Korea, Hong Kong, Malaysia, Singapore, Taiwan and Thailand (+32.6 percent), Poland (+27.7 percent), the US (+25.2 percent), India (+7.5 percent), the UK (+7.3 percent) and the Netherlands (+5.3 percent). Meanwhile purchases from Russia (-11.2 percent) and MERCOSUR countries (-2 percent) fell the most.

On a seasonally adjusted monthly basis, exports contracted 0.6 percent while imports expanded 4.3 percent.

So far this year, Italy posted a €18.46 billion surplus.

Italy Trade Surplus Narrows in June