Italian Trade Surplus Widens in October

In October, Italy's trade surplus widened to €4.1 billion from a revised €0.8 billion in September and €2.3 billion in October of 2012. The rise is mainly driven by trade with countries outside the European Union.
Istat | Nuno Fontes | nuno@tradingeconomics.com 12/16/2013 9:14:14 AM
Compared with the same month of the previous year, trade increased by 0.8 percent for exports (+0.2 percent for EU area and +1.5 percent for non EU countries) and fell by 4.3 percent for imports (-1.2 percent for EU and -8.0 percent for non EU countries). The trade balance (January-October 2013) amounted to €23.7 billion (€9.5 billion for EU area and €14.2 billion for non EU countries).

On a monthly basis, a decrease was registered for both exports (-0.5 percent) and for imports (-2.6 percent). The fall in exports is driven by a fall in shipments to EU countries (-1.5 percent), partly offset by a rise in sales to non-EU countries (+0.8 percent). Imports decreased for both areas: -3.6 percent for EU countries and -1.3 percent for non EU countries. Over the last three months, seasonally-adjusted data, in comparison with the previous three months, there was an increase for both flows: +0.6 percent for exports and +1.2 percent for imports.

Italian Trade Surplus Widens in October