Italy Balance of Trade  1991-2017 | Data | Chart | Calendar | Forecast

Italy's trade balance shifted to €0.57 billion deficit in January 2017 from €0.03 billion in the same month of the previous year while market expected €3.45 billion surplus. It was the first trade gap since January of 2015 and the biggest since January of 2013. Exports increased by 13.3 percent to €31.7 billion, led by higher purchases of coke and refined petroleum products and vehicles; while imports grew by 15.5 percent to €32.3 billion, as purchases of crude oil and coke and refined petroleum products rose the most. With EU countries, Italy registered a trade surplus of €0.3 billion while with non-EU ones a trade gap of €0.9 billion. Balance of Trade in Italy averaged 717.46 EUR Million from 1991 until 2017, reaching an all time high of 7902.67 EUR Million in July of 2015 and a record low of -6389.30 EUR Million in January of 2011.

Italy Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-17 09:00 AM Nov €4.2B €4.3B €3.84B €3.8B
2017-02-16 09:00 AM Dec €5.8B €4.2B €5.1B
2017-03-17 09:00 AM Jan €-0.57B €5.73B €3.45B €0.04B
2017-04-19 08:00 AM Feb €-0.57B
2017-05-17 08:00 AM Mar
2017-06-16 08:00 AM Apr




Italy Posts Largest Trade Gap In 4 Years


Italy's trade balance shifted to €0.57 billion deficit in January 2017 from €0.03 billion in the same month of the previous year while market expected €3.45 billion surplus. It was the first trade gap since January of 2015 and the biggest since January of 2013. Exports increased by 13.3 percent to €31.7 billion, led by higher purchases of coke and refined petroleum products and vehicles; while imports grew by 15.5 percent to €32.3 billion, as purchases of crude oil and coke and refined petroleum products rose the most. With EU countries, Italy registered a trade surplus of €0.3 billion while with non-EU ones a trade gap of €0.9 billion.

Year-on-year, exports rose 13.3 percent to €31.7 billion, boosted by higher sales of: coke and refined petroleum products (69.4 percent); vehicles (27.7 percent); pharmaceuticals (25.9 percent); and electrical equipment (16.2 percent). By main industrial groups, sales rose for: energy (75.7 percent); intermediate goods (11.4 percent); capital goods (14.1 percent); and consumer goods (9.4 percent).

The biggest increases in shipments were reported for: ASEAN (57 percent); Russia (39.4 percent); China (36.5 percent); the United States (35.8 percent) and Japan (28.8 percent). 

Imports increased 15.5 percent to €32.3 billion, led by gains in purchases of: crude oil (123.9 percent); coke and refined petroleum products (53.6 percent); vehicles (27.9 percent); natural gas (17.3 percent); and base metals (15.8 percent). By main industrial groups, purchases rose for: energy (62.5 percent); capital goods (13.1 percent); intermediate goods (15.9 percent); and consumer goods (2.1 percent).

The rise in imports mainly reflected the increase in purchases from OPEC countries (53.4 percent), Russia (43.3 percent), Turkey (29.6 percent), Austria (23 percent) and Spain (20.6 percent).

Istat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
3/17/2017 9:36:57 AM



Italy Trade Last Previous Highest Lowest Unit
Balance of Trade -573.67 5729.87 7902.67 -6389.30 EUR Million [+]
Exports 31690.63 36339.74 41260.20 5946.40 EUR Million [+]
Imports 32264.30 30609.87 38526.50 5285.80 EUR Million [+]
Current Account -1913.40 5796.10 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.20 0.90 2.90 -3.70 percent [+]
External Debt 2141267.00 858737.00 2141267.00 524899.00 EUR Million [+]
Terms of Trade 112.70 113.10 115.60 91.40 Index Points [+]
Capital Flows -4036.10 16146.60 16541.10 -27627.60 EUR Million [+]
Remittances 160.68 174.42 221.00 97.00 EUR Million [+]
Gold Reserves 2451.84 2451.84 2451.84 2451.84 Tonnes [+]
Crude Oil Production 90.00 80.00 120.00 62.65 BBL/D/1K [+]
Foreign Direct Investment 2014.30 -3734.90 14203.00 -10786.60 EUR Million [+]
Terrorism Index 2.36 3.36 3.71 1.98 [+]
Tourism Revenues 1879.00 1944.00 5022.00 1128.47 EUR Million [+]
Weapons Sales 570.00 743.00 1714.00 8.00 USD Million [+]



Italy Balance of Trade Notes

Since February of 2013, Italy has been recording consistent trade surpluses due to a reduction in imports and rising exports. In 2014 as a whole, the country posted the biggest trade surplus since 1993. In recent years, the biggest trade surpluses were recorded with the United States, France, Switzerland, and the United Kingdom and the biggest trade deficits with China, Netherlands, Germany and Russia. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-573.67 5729.87 7902.67 -6389.30 1991 - 2017 EUR Million Monthly
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