The trade surplus in Italy narrowed to EUR 2.56 billion in August of 2018 from EUR 2.76 billion in the same month of the previous year and missing market expectations of a EUR 4.34 billion surplus. It was the smallest trade surplus since January, as imports surged 6.4 percent and exports grew at a slower 5.1 percent. Balance of Trade in Italy averaged 897.62 EUR Million from 1991 until 2018, reaching an all time high of 7902.67 EUR Million in July of 2015 and a record low of -6389.30 EUR Million in January of 2011.

Italy Balance of Trade
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Italy Posts Smallest Trade Surplus in 7 Months


The trade surplus in Italy narrowed to EUR 2.56 billion in August of 2018 from EUR 2.76 billion in the same month of the previous year and missing market expectations of a EUR 4.34 billion surplus. It was the smallest trade surplus since January

Imports jumped 6.4 percent year-on-year to EUR 28.32 billion from EUR 26.62 billion a year ago, driven by higher purchases of coke and refined petroleum products (37.2 percent); pharmaceutical, chemical-medicinal and botanical articles (25.6 percent) and mineral extraction products from quarries and mines (25 percent), such as crude oil (22.9 percent) and natural gas (31.3 percent). On the other hand, imports fell mostly for transport equipment (-13.3 percent), namely vehicles (-18.6 percent).

Imports rose mostly from non-EU countries (12.3 percent), of which Russia (7 percent), China (3 percent), India (25.3 percent) and OPEC countries (34.9 percent). Meantime, purchases also went up from EU countries (2.0 percent), namely Germany (2.5 percent) and France (4 percent).

Exports advanced 5.1 percent to EUR 30.89 billion from EUR 29.38 billion in August 2017, boosted by higher sales of: coke and refined petroleum products (31.6 percent); electrical appliances (15.5 percent); machinery and apparatus (2.8 percent); transport equipment, excluding motor vehicles (7.6 percent); food products, beverages & tobacco (4.5 percent) and electronic products (10.2 percent). In contrast, main declines were seen in sales of base metals and metal products, excluding machines and plants (-0.8 percent); pharmaceutical, chemical-medicinal and botanical articles (-0.5 percent) and agriculture, forestry and fishing products (-1.5 percent).

Shipments increased primarily to EU countries (5.7 percent), namely Germany (6.0 percent), France (2.6 percent) and Spain (8.3 percent). Also, external sales went up to non-EU countries (4.4 percent), mainly to the US (13 percent), Japan (8.5 percent) and ASEAN countries (7.8 percent).

With European Union countries, the trade surplus widened to EUR 0.817 billion from EUR 0.233 billion in August last year.

Considering the January to August period of 2018, the country's trade narrowed slightly to EUR 27.28 billion from EUR 28.38 billion, as imports grew 5.2 percent and exports rose at a slower 4.3 percent.


Istat | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/16/2018 12:18:10 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-10 08:00 AM Balance of Trade €5.071B €3.366B €3.41B € 1.8B
2018-09-17 08:00 AM Balance of Trade €5.676B €5.174B €4.82B €6.6B
2018-10-16 10:00 AM Balance of Trade €2.564B €5.659B €4.34B €2.9B
2018-11-16 10:00 AM Balance of Trade €2.564B €2.87B € 4.2B
2018-12-17 09:00 AM Balance of Trade €5.1B


Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 2564.00 5659.00 7902.67 -6389.30 EUR Million [+]
Exports 30887.49 42732.72 42732.72 5946.40 EUR Million [+]
Imports 28323.79 37056.49 38526.50 5285.80 EUR Million [+]
Current Account 4994.00 7544.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.80 2.60 2.90 -3.70 percent [+]
External Debt 2138556.00 2177794.00 2177794.00 524899.00 EUR Million [+]
Terms of Trade 99.60 99.40 105.50 83.40 Index Points [+]
Capital Flows 6172.00 10047.00 17094.70 -27541.10 EUR Million [+]
Remittances 141.61 154.33 202.52 96.92 EUR Million [+]
Gold Reserves 2451.80 2451.80 2451.84 2451.80 Tonnes [+]
Terrorism Index 2.75 2.36 3.71 1.98 [+]
Tourism Revenues 6037.83 5494.80 6037.83 1128.47 EUR Million [+]
Weapons Sales 660.00 670.00 1715.00 8.00 USD Million [+]
Crude Oil Production 80.00 94.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 1848.00 817.00 14203.00 -10787.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Italy Balance of Trade

In 2017, Italy's trade surplus fell to EUR 47 billion from a record high of EUR 50 billion in the previous year, as imports jumped 9 percent to EUR 401 billion, the highest level since 2011, and exports rose at a softer 7 percent to an all-time high of EUR 448 billion. The biggest trade surpluses were recorded with the United States, the United Kingdom, France, Switzerland, Poland and Japan; and the biggest trade deficits with China, the Netherlands, Germany, Belgium and Russia. This page provides the latest reported value for - Italy Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Balance of Trade - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2564.00 5659.00 7902.67 -6389.30 1991 - 2018 EUR Million Monthly
Current Prices, NSA




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 11671.20 Aug/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -13980.00 Sep/18
Indonesia -1819.90 Oct/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


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