Imports to Italy advanced 3.4 percent from a year earlier to EUR 38.453 billion in May 2019, boosted by higher purchases of pharmaceutical, chemical products and botanical articles (19.3 percent); textiles, clothing and leather (11 percent); mining products (4.9 percent); manufactured goods (2.7 percent); food, beverages and tobacco (3.3 percent); and computers, electronic and optical devices (2.1 percent). Imports advanced mainly from Germany (6.6 percent); France (7.5 percent); China (10.8 percent); the Netherlands (2.9 percent); Spain (0.6 percent); the US (0.3 percent) and Russia (0.4 percent). On the other hand, imports dropped from Belgium (-5 percent); OPEC countries (-9.1 percent); and the UnK (-3.7 percent). Imports in Italy averaged 23701.50 EUR Million from 1991 until 2019, reaching an all time high of 39938.06 EUR Million in October of 2018 and a record low of 5285.80 EUR Million in August of 1992.
Imports in Italy is expected to be 38100.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Italy to stand at 40020.00 in 12 months time. In the long-term, the Italy Imports is projected to trend around 40500.00 EUR Million in 2020, according to our econometric models.