Italy's trade surplus narrowed to EUR 4.75 billion in February 2021, down from EUR 5.98 billion in the same month last year, as global demand was hit by the ongoing COVID-19 crisis. Exports dropped 4.4 percent, due to lower sales of non-durable consumer goods (-4.8 percent), capital goods (-7.7 percent), and energy products (-30.6 percent). Among major trade partners, exports were down to the EU (-1.8 percent), in particular France and Spain, and non-EU countries (-7.2 percent) led by Switzerland, the US and the UK. Meanwhile, imports declined at a softer 1.6 percent due to purchases of non-durable consumer goods (-6.1 percent), capital goods (-0.1 percent), and energy products (-16.3 percent). Imports were down from the EU (-0.5 percent), mainly from Germany, France and Belgium. Imports from non-EU countries dropped 3.1 percent, led by Switzerland, the UK and the US. Imports from China, however, climbed 14.6 percent. source: National Institute of Statistics (ISTAT)

Balance of Trade in Italy averaged 1205.11 EUR Million from 1991 until 2021, reaching an all time high of 9689.39 EUR Million in July of 2020 and a record low of -6389.31 EUR Million in January of 2011. 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 May of 2021.

Balance of Trade in Italy is expected to be 4160.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Italy to stand at 9800.00 in 12 months time. In the long-term, the Italy Balance of Trade is projected to trend around 9100.00 EUR Million in 2022 and 8900.00 EUR Million in 2023, according to our econometric models.

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Italy Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4753.87 1584.10 9689.39 -6389.31 1991 - 2021 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-19 09:00 AM Nov €6.766B €7.575B €5.6B
2021-02-16 09:00 AM Dec €6.844B €6.751B € 5.4B
2021-03-18 09:00 AM Jan €1.587B €6.844B €0.7B
2021-04-16 08:00 AM Feb €4.754B €1.587B €5.1B
2021-05-18 08:00 AM Mar €4.754B €4.2B
2021-06-17 08:00 AM Apr
2021-07-16 08:00 AM May
2021-08-12 08:00 AM Jun € 4.2B


News Stream
Italy Trade Surplus Narrows in February
Italy's trade surplus narrowed to EUR 4.75 billion in February 2021, down from EUR 5.98 billion in the same month last year, as global demand was hit by the ongoing COVID-19 crisis. Exports dropped 4.4 percent, due to lower sales of non-durable consumer goods (-4.8 percent), capital goods (-7.7 percent), and energy products (-30.6 percent). Among major trade partners, exports were down to the EU (-1.8 percent), in particular France and Spain, and non-EU countries (-7.2 percent) led by Switzerland, the US and the UK. Meanwhile, imports declined at a softer 1.6 percent due to purchases of non-durable consumer goods (-6.1 percent), capital goods (-0.1 percent), and energy products (-16.3 percent). Imports were down from the EU (-0.5 percent), mainly from Germany, France and Belgium. Imports from non-EU countries dropped 3.1 percent, led by Switzerland, the UK and the US. Imports from China, however, climbed 14.6 percent.
2021-04-16
Italy Trade Surplus Widens as Exports, Imports Tumble
Italy's trade surplus widened to EUR 1.6 billion in January 2021, up from EUR 0.5 billion in the same month last year, amid the COVID-19 crisis. Exports slumped 8.5 percent, due to lower sales of consumer goods (-9.7 percent), capital goods (-9.8 percent), intermediate goods (-3.4 percent), and energy products (-33.7 percent). Among major trade partners, exports were down to the EU (-4.7 percent), in particular France and Spain, and non-EU countries (-12.7 percent) led by the US and the UK. Meanwhile, imports tumbled 11.6 percent due to purchases of consumer goods (-13.9 percent), capital goods (-7.5 percent), intermediate goods (-3.9 percent), and energy products (-33.9 percent). Imports were down from the EU (-5.8 percent), mainly Germany, France, the Netherlands and Spain. Imports from non-EU countries plunged 18.3 percent, led by the UK, the US and China.
2021-03-18
Italy Trade Surplus Rises in December
Italy's trade surplus widened to EUR 6.84 billion in December of 2020 from EUR 5.06 billion in the corresponding month of the previous year. Exports rose 3.3 percent while imports fell 1.7 percent. In 2020, the trade surplus widened to EUR 63.58 billion from EUR 56.12 billion the year earlier.
2021-02-16
Italy Trade Surplus Widens in November
Italy's trade surplus rose to EUR 6.77 billion in November of 2020 from EUR 5.20 billion in the corresponding month of the previous year. Exports rose 1.1% from a year earlier to EUR 40.93 billion, boosted by sales of basic metals and metal products, excluding machinery and plants ( 15.3%), motor vehicles (26.9%), food, beverages and tobacco (5.7%), chemicals and substances (6.2%), machinery and equipment (2.1%) and electrical appliances (6.5%). Sales to the Euro Area accounted for 40.9% of total exports and were up 0.9 percent, mainly shipments to Germany (8.6%) and Belgium (5%). Meanwhile, imports declined 3.2% to EUR 34.16 billion, on lower acquisitions of chemicals (-3.1%); textile and clothing products, leathers and accessories (-13.2%) and food, beverages & tobacco (-5.2%). Imports from the Euro Area accounted for 47.1% of total purchases and decreased 1.6%, mainly from Spain (-10.9%).
2021-01-19

Italy Balance of Trade
In 2017, Italy's trade surplus fell to EUR 47 billion from a record high of EUR 50 billion in the previous year, as imports jumped 9 percent to EUR 401 billion, the highest level since 2011, and exports rose at a softer 7 percent to an all-time high of EUR 448 billion. The biggest trade surpluses were recorded with the United States, the United Kingdom, France, Switzerland, Poland and Japan; and the biggest trade deficits with China, the Netherlands, Germany, Belgium and Russia.