Imports to Italy increased 1.7 percent from a year earlier to EUR 35.38 billion in January 2019, led by gains in purchases of: natural gas (55 percent); metals (8.4 percent); pharmaceuticals (6.2 percent), other means of transport (9.1 percent), machinery (4.3 percent), electrical devices (5.9 percent) and other manufactured goods (9.2 percent). Meanwhile, imports of crude oil and vehicles slumped 22.1 percent and 11.7 percent, respectively. The rise in imports mainly reflected the increase in purchases from Russia (30.7 percent), China (8.9 percent), France (5.7 percent), the US (13.4 percent), ASEAN (11.9 percent), Turkey (11.9 percent) and MERCOSUR (20.8 percent). By contrast, imports fell from OPEC (-18.5 percent), Belgium (-10 percent) and Germany (-1.5 percent). Imports in Italy averaged 23551.85 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 38700.00 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 34400.00 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.