Italy Trade Surplus Widens 39% YoY in August


Italian trade surplus increased to €2.5 billion in August 2016 compared with a surplus of €1.8 billion in the same month of 2015. Exports went up 11.4 percent, driven by higher sales of motor vehicles and electrical equipment. Imports rose 9.4 percent, led by purchases of vehicles; machinery and equipment and chemical and pharmaceutical products. With European Union countries, Italy registered a trade surplus of €0.39 billion, compared with a surplus of €0.46 billion euros in August 2015.

Year-on-year, exports jumped 11.4 percent to €27.1 billion, the strongest growth since October 2012. Sales rose for motor vehicles (+67.6 percent); electrical equipment (+20.1 percent); base metals (+19.2 percent); textiles (+14.2 percent). In contrast, sales fell for coke and refined petroleum products by 11.4 percent. By main industrial groups, sales rose for: intermediate goods (+13.7 percent); capital goods (+16.5 percent); consumer goods (+8.2 percent) while fell for energy (-14.4 percent).

The biggest increases in shipments were reported for China (+28.2 percent); Japan (+24.3 percent); the United States (+17.8 percent); Czech Republic (+21.7 percent); the United Kingdom (+15.6 percent); Germany (+15.5 percent) and France (+8 percent).  

Imports went up 9.4 percent to €24.6 billion, the most since June last year. The growth was led by increases in purchases of motor vehicles (+51.6 percent); machinery and equipment (+22.1 percent) and chemical and pharmaceutical products (+20.5 percent). In contrast, imports fell for natural gas (-27.4 percent) and coke and refined petroleum products (-33.3 percent). By main industrial groups, imports increased for: intermediate goods (+10.9 percent); capital goods (+24.7 percent); consumer goods (+10.8 percent) while fell for energy (-16.3 percent).

The growth in imports mainly reflected the increases in purchases from Germany (+19.5 percent); Spain (+14.7 percent); the United Kingdom (+20.3 percent); Czech Republic (+32.9 percent); Belgium (+19.9 percent); Japan (+28.1 percent) and the United States (+24.9 percent).

Italy Trade Surplus Widens 39% YoY in August


Yekaterina Guchshina| yekaterina@tradingeconomics.com
10/17/2016 8:48:07 AM