Italy Trade Surplus Narrows In October


Italy's trade surplus decreased to €4.3 billion in October 2016 from €4.6 billion in the same month of the previous year and slightly higher market expectations of €4.21 billion surplus. Exports fell 2.2 percent, dragged down by lower sales of refined petroleum products (-14.3 percent) and computer, electronic and optical equipment (-10 percent). Imports declined 1.6 percent, led by a fall in purchases of natural gas (-27.7 percent) and base metals (-9.5 percent). With European Union countries, Italy registered a trade surplus of €0.5 billion.

Year-on-year, exports fell 3.1 percent year-on-year to €35.9 billion, dragged down by lower sales of refined petroleum products (-14.3 percent) and computer, electronic and optical equipment (-10 percent); paper and paper products (-7.5 percent); furnishings (-7.7 percent) and textiles (-9.8 percent). By main industrial groups, sales fell for: consumer goods (-1.2 percent); capital goods (-1.8 percent); intermediate goods (-2.7 percent) and energy (-14 percent). 

The biggest decreases in shipments were reported for Turkey (-16.6 percent); Romania (-10.7 percent); North Africa (-11.1 percent); Russia (-12.3 percent); France (-3.6 percent); Germany (-2.1 percent) and the US (-1.8 percent). ´

Imports declined 1.6 percent to €31.59 billion, led by a fall in purchases of natural gas (-27.7 percent); base metals (-9.5 percent); paper and paper products (-10.8 percent) and pharmaceutical preparations, medicinal chemical and botanical (-8 percent). By main industrial groups, purchases fell for: energy (-3.3 percent); intermediate goods (-5.8 percent); and consumer goods (-1.5 percent); while imports of capital goods rose (+4.5 percent).

The decline in imports mainly reflected the fall in purchases from Russia (-18.7 percent); Romania (-12.3 percent), Switzerland (-12.2 percent); and China (-8 percent).

With European Union countries, Italy registered a trade surplus of €0.5 billion.

Istat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/16/2016 10:06:51 AM