Italian Trade Surplus Widens 8% in September


Italy recorded a €2.19 billion trade surplus in September of 2015, up from a €2.02 billion surplus a year earlier, as exports increased at a faster pace than imports.

Year-on-year, exports rose by 1.4 percent to €35.07 billion from €34.57 billion, as consumer goods shipments grew 4 percent and sales of capital goods increased by 3.4 percent. By contrast, exports of energy products and intermediate goods shrank by 21.4 percent and 0.5 percent, respectively.

The biggest increases in shipments were reported for the US (+18.4 percent), Belgium (+16.1 percent), Spain (+12.2 percent), Poland (+11.6 percent), and South Korea, Hong Kong, Malaysia, Singapore, Taiwan and Thailand (+8.4 percent). Sales to Russia and OPEC countries declined 24.2 percent and 17.4 percent, respectively. 

Imports increased by 0.7 percent to €32.88 billion from €32.55 billion, boosted by a 9.3 percent increase in purchases of capital goods. Imports of consumer and intermediate goods also expanded by 4 percent and by 3.4 percent each. By contrast, purchases of energy products fell 25 percent.

The increase in imports mainly reflected the strong growth in purchases from Poland (+22.2 percent), the US (+22 percent), Turkey (+21.7 percent) South Korea, Hong Kong, Malaysia, Singapore, Taiwan and Thailand (+19.1 percent), and the UK (+12.2 percent). Meanwhile purchases from OPEC countries (-17.1 percent) and Russia (-12.5 percent) fell the most.

On a seasonally adjusted monthly basis, exports expanded by 1.6 percent while imports rose at a slower 1.1 percent.

In the first nine months of 2015, Italy posted a €29.94 billion surplus. Shipments went up by 4.2 percent while purchases grew 3.7 percent.

Italian Trade Surplus Widens 8% in September


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/17/2015 9:40:32 AM