Imports to Italy advanced 1.8 percent from a year earlier to EUR 37.75 billion in July 2019, driven by basic metals and metal products (8.2 percent); transport equipment (5.1 percent), of which vehicles (1.3 percent); pharmaceuticals and botanical articles (8.0 percent); textiles, clothing, leather & accessories (5.5 percent); food (4.7 percent). Meanwhile, purchases declined for chemical products (-3.4 percent); refined petroleum products (-9.0 percent) and wood & wood products (-0.4 percent). Among major trading partners, imports grew from Germany (2.0 percent), the Netherlands (0.9 percent), Spain (4.7 percent), Belgium (0.7 percent), the UK (6 percent), Russia (16.4 percent), Switzerland (20.5 percent), China (15 percent) and Turkey (8.1 percent). Conversely, acquisitions declined from France (-1.8 percent), Austria (-0.4 percent), the US (-0.5 percent) and India (-23.2 percent). Imports in Italy averaged 23775.64 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 30100.00 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 37060.00 in 12 months time. In the long-term, the Italy Imports is projected to trend around 37500.00 EUR Million in 2020, according to our econometric models.