Imports to Italy decreased 0.3 percent year-on-year to EUR 36.895 billion in March of 2019, dragged by lower purchases of transport equipment (-3.3 percent); basic metals and metal products (-2 percent); machinery and equipment (-2.1 percent) and food, beverages and tobacco (-2.8 percent); while import rose for chemicals and chemical products (0.7 percent); computers, electronic and optical devices (1.8 percent) and textiles, clothing and leather (1.6 percent). Imports dropped mainly from Germany (-2.1 percent); France (-2 percent); China (-1.4 percent); Russia (-12 percent) and OPEC (-9.2 percent). By contrast, imports advanced from the United States (11.5 percent); the Netherlands (5.6 percent) and Spain (4.8 percent). Imports in Italy averaged 23622.83 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 37400.00 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.