Exports from Italy decreased 3.5 percent from a year earlier to EUR 40.78 billion in June 2019, on lower sales of machinery & equipment (-2.1 percent); transport equipment (-19.9 percent); basic metals and metal products (-5.9 percent) and rubber and plastic materials, other non-metallic mineral processing products (-7 percent). Conversely. sales rose strongly for pharmaceuticals and botanical articles (34.5 percent).Among major trading partners, exports declined to Germany (-8 percent), France (-3.8 percent), the UK (-2.4 percent), China (-4.6 percent) and Switzerland (-13.5 percent). In contrast, they rose to the US (4.1 percent), Japan (27.9 percent) and Spain (1.6 percent). Exports in Italy averaged 24705.24 EUR Million from 1991 until 2019, reaching an all time high of 43831.65 EUR Million in May of 2019 and a record low of 5946.40 EUR Million in August of 1991.
Exports in Italy is expected to be 38500.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Italy to stand at 42200.00 in 12 months time. In the long-term, the Italy Exports is projected to trend around 44400.00 EUR Million in 2020, according to our econometric models.