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.

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


Istat | Nuno Fontes | nuno@tradingeconomics.com
12/16/2013 9:14:14 AM