Italy posted the largest trade surplus in 20 months of EUR 7.5 billion in March 2023, swinging from the EUR 0.8 billion deficit in the corresponding period of the previous year and coming well above the market estimates of EUR 2.5 billion surplus partly due to falling energy prices. Exports grew by 4.7% yoy to EUR 59.4 billion, with significant increases noted for machinery and appliances n.e.c. (+20.0%), motor vehicles (+27.4%) and food, beverages and tobacco (+10.8%). In the meantime, imports fell by 9.8% to EUR 51.8 billion, following the collapse of purchases of natural gas from Russia. Regarding trade with other EU members, Italy posted a deficit of EUR 0.9 billion. source: National Institute of Statistics (ISTAT)

Balance of Trade in Italy averaged 1148.94 EUR Million from 1991 until 2023, reaching an all time high of 9550.66 EUR Million in July of 2020 and a record low of -9507.52 EUR Million in August of 2022. This page provides the latest reported value for - Italy Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Balance of Trade in Italy is expected to be -1000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Balance of Trade is projected to trend around 4400.00 EUR Million in 2024 and 4700.00 EUR Million in 2025, according to our econometric models.

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Italy Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-18 08:00 AM Feb €2.108B €-4.236B €1.1B
2023-05-17 08:00 AM Mar €7.541B €2.108B €2.500B €0.6B
2023-06-16 09:00 AM Apr €7.541B


Related Last Previous Unit Reference
Balance of Trade 7541.00 2108.00 EUR Million Mar 2023
Imports 51840.00 50340.28 EUR Million Mar 2023
Exports 59382.00 52448.62 EUR Million Mar 2023
Terms of Trade 98.70 96.70 points Mar 2023

Italy Balance of Trade
Italy has consistently recorded trade surpluses since 2013 until soaring energy costs in 2022 inflated the price of purchases and drove the Italian economy to import more than it exports. Italy’s main exports include base metals, chemicals, transportation equipment, and pharmaceutical goods, while the main imports are machinery and energy. The largest exporting partners are France, Germany, and the United States, while the main importing partners are Germany, France, China, and OPEC nations.
Actual Previous Highest Lowest Dates Unit Frequency
7541.00 2108.00 9550.66 -9507.52 1991 - 2023 EUR Million Monthly
Current Prices, NSA

News Stream
Italy Trade Surplus Largest since July 2021
Italy posted the largest trade surplus in 20 months of EUR 7.5 billion in March 2023, swinging from the EUR 0.8 billion deficit in the corresponding period of the previous year and coming well above the market estimates of EUR 2.5 billion surplus due to consistently falling energy prices. Exports grew by 4.7% yoy to EUR 59.4 billion, with significant increases noted for machinery and appliances n.e.c. (+20.0%), motor vehicles (+27.4%) and food, beverages and tobacco (+10.8%). In the meantime, imports fell by 9.8% to EUR 51.8 billion, following the collapse of purchases of natural gas from Russia. Regarding trade with other EU members, Italy posted a deficit of EUR 0.9 billion.
2023-05-17
Italy Posts Widest Trade Surplus in 15 Months
Italy posted a trade surplus of EUR 2.1 billion in February of 2023, the widest in 15 months, and swinging from the EUR 1.5 billion deficit in the corresponding period of the previous year as energy prices fell and limited import inflation. Exports grew by 10.8% from the previous year to EUR 52.5 billion, with significant increases noted for machinery and appliances (12.7%), textile products and clothing (9.1%), and pharmaceutical goods (51.3%). In the meantime, imports rose by a softer 3.1% to EUR 50.3 billion, as the declining purchases of natural gas (-17.2%) and base metals (-8.4%), and chemical products (-6.8%) offset an increase in imports of food (18.6%) and textiles (8.8%) and other manufactured goods. Regarding trade with other EU members, Italy posted a deficit of EUR 1.9 billion.
2023-04-18
Italian Trade Deficit Narrows in January
Italy posted a trade deficit of EUR 4.2 billion in January of 2023, the first deficit in three months, but narrowing from the EUR 6.5 billion gap in the corresponding period of the previous year. Exports rose by 15.3 percent to EUR 47.5 billion, with increased sales noted for machinery and appliances (19.8 percent), textiles, apparel, and clothing accessories (16.4 percent), and pharmaceutical and chemical products (53.9 percent). In the meantime, imports rose by a slower 8.4 percent to EUR 51.7 billion, reversing the trend of soaring import levels through 2022 as lower natural gas prices and higher dependency on other energy sources due to Russia’s supply squeeze drove natural gas purchases to sink by 10.2 percent. Still, higher purchases were recorded for transportation goods (43 percent) and textiles (19.3 percent). Regarding intra-European Union trade, Italy recorded a trade deficit of EUR 2.8 billion.
2023-03-17