Italy Trade Surplus Above Expectations in September


Italy's trade surplus rose to €3.67 billion in September 2016 from €2.19 billion in the same month of the previous year and better than market expectations of €2.85 billion surplus. Exports rose 3.1 percent while imports declined 2.7 percent. With European Union countries, Italy registered a trade surplus of €0.78 billion, compared with a surplus of €0.41 billion euros in September 2015.

Year-on-year, exports rose 3.1 percent to €35.86 billion from €34.79 billion, boosted by higher sales of: Vehicles (+13.6 percent); pharmaceutical preparations, medicinal chemical and botanical (+7.1 percent); sport goods, games, musical instruments and other products (+5.7 percent); food, beverages and tobacco (+5.7 percent); and agricultural goods (+5.4 percent). By contrast, exports fell for: Coke and refined petroleum products (-6.5 percent); and electrical equipment (-2 percent). By main industrial groups, sales rose for: consumer goods (+4.2 percent); capital goods (+3.3 percent); intermediate goods (+2.2 percent); but decreased for energy (-2.8 percent). 

The biggest increases in shipments were reported for China (+23.3 percent); Japan (+18.2 percent); the US (+11.1 percent); Spain (+7.3 percent); and Austria (+7.2 percent). Meanwhile, sales fell the most to OPEC countries (-10.9 percent), Belgium (-10.5 percent) and Turkey (-8.4 percent).

Imports shrank 2.7 percent to €32.19 billion from €33.10 billion in September 2015, led by a fall in purchases of natural gas (-22.1 percent), coke and refined petroleum products (-21.8 percent), crude oil (-13.7 percent), substances and chemicals (-11.1 percent) and agricultural goods (-8.2 percent). Meanwhile, imports of vehicles rose 19.5 percent. By main industrial groups, purchases fell for: energy (-18.8 percent); intermediate goods (-5.8 percent); and consumer goods (-0.7 percent); while imports of capital goods rose (+6.4 percent).

The decline in imports mainly reflected the fall in purchases from Russia (-22.4 percent), Belgium (-15.2 percent), the US (-14.7 percent), India (-10.8 percent), and China (-8.5 percent). In contrast, imports rose the most from Czech Republic (+18.3 percent) OPEC countries (+9.5 percent) and Spain (+7.3 percent).

With European Union countries, Italy registered a trade surplus of €0.78 billion, compared with a surplus of €0.41 billion euros in September 2015.

Italy Trade Surplus Above Expectations in September


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/17/2016 10:28:08 AM