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

Italy's trade surplus rose to €5.80 billion in December 2016 from €5.59 billion in the same month of the previous year and better than market expectations of €4.0 billion. Exports increased by 5.7 percent to €36.2 billion, led by higher purchases of coke and refined petroleum products and vehicles; while imports grew by 6.1 percent to €30.4 billion, as purchases of vehicles and machinery and equipment rose the most. With European Union countries, Italy registered a trade surplus of €0.12 billion, compared with a deficit of €0.30 billion euros in December 2015. Considering the full year of 2016, the global trade surplus widened sharply to a record high of €51.57 billion from €41.81 billion in 2015. Balance of Trade in Italy averaged 721.81 EUR Million from 1991 until 2016, 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
Receive the next reported value for Italy Balance of Trade in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-16 09:00 AM Oct €4.3B €3.66B €4.21B €3.51B
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 €5.8B
2017-04-19 08:00 AM Feb
2017-05-17 08:00 AM Mar




Italy Trade Surplus Widens In December


Italy's trade surplus rose to €5.80 billion in December 2016 from €5.59 billion in the same month of the previous year and better than market expectations of €4.0 billion. Exports increased by 5.7 percent to €36.2 billion, led by higher purchases of coke and refined petroleum products and vehicles; while imports grew by 6.1 percent to €30.4 billion, as purchases of vehicles and machinery and equipment rose the most.

Year-on-year, exports rose 5.7 percent to €36.21 billion from €34.26 billion, boosted by higher sales of: Coke and refined petroleum products (21.8 percent); vehicles (21.3 percent); sport goods, games, musical instruments and other products (12.3 percent); substances and chemicals (11 percent); and base metals (9.7 percent). By contrast, exports fell for transport equipment (-17 percent). By main industrial groups, sales rose for: Energy (24.5 percent); intermediate goods (6.5 percent); capital goods (4.8 percent); and consumer goods (4.3 percent).

The biggest increases in shipments were reported for China (20.9 percent); MERCOSUR countries (19.9 percent); Poland (19.1 percent); the US (12.1 percent); and Germany (10.3 percent). Meanwhile, sales fell to the Netherlands (-3.9 percent), Romania (-3.7 percent) and Switzerland (-3.5 percent).

Imports increased 6.1 percent to €30.42 billion from €32.90 billion in December 2015, led by gains in purchases of: Vehicles (29.3 percent); machinery and equipment (25 percent); coke and refined petroleum products (21.8 percent); crude oil (16.4 percent); and base metals (13.3 percent). Meanwhile, imports dropped for: transport equipment (-21 percent); and natural gas (-6.6 percent). By main industrial groups, purchases rose for: Capital goods (9.8 percent); energy (8.2 percent); intermediate goods (4.2 percent); and consumer goods (3.6 percent).

The rise in imports mainly reflected the increase in purchases from OPEC countries (67.7 percent), Turkey (29.7 percent), ASEAN countries (24.4 percent), MERCOSUR countries (17 percent) and Czech Republic (12.8 percent). By contrast, imports declined the most from the UK (-16.1 percent), China (-5 percent) and Romania (-2.6 percent).

With European Union countries, Italy registered a trade surplus of €0.12 billion, compared with a deficit of €0.30 billion euros in December 2015.

Considering the full year of 2016, the global trade surplus widened sharply to a record high of €51.57 billion from €41.81 billion in 2015. Exports grew 1.1 percent to €417.0 billion, due to higher sales of pharmaceutical products and medicines (6.8 percent), motor vehicles (6.3 percent), transport equipment (4.6 percent) and food, beverages and tobacco (4.2 percent). Exports went up to Japan (9.6 percent), China and Czech Republic (6.4 percent both), Spain (6.1 percent) and Germany (3.8 percent). Meanwhile, imports shrank 1.4 percent to €365.4 billion, due to lower purchases of natural gas (-28.5 percent) and crude oil (-20.4 percent). The drop in imports was mainly determined by purchases from Russia (-26.3 percent).

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/16/2017 11:20:35 AM



Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 5797.75 4190.12 7902.67 -6389.30 EUR Million [+]
Exports 36214.33 37088.66 41260.20 5946.40 EUR Million [+]
Imports 30416.58 32898.54 38526.50 5285.80 EUR Million [+]
Current Account 5535.00 4555.00 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 113.10 115.30 115.60 91.40 Index Points [+]
Capital Flows 16146.00 -1165.00 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5797.75 4190.12 7902.67 -6389.30 1991 - 2016 EUR Million Monthly
Current Prices, NSA



Last
Afghanistan -7159.00 Dec/15
Albania -15870.70 Jan/17
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina -106.00 Jan/17
Armenia -115.70 Jan/17
Aruba -465.10 Sep/16
Australia 3511.00 Dec/16
Austria -284.00 Nov/16
Azerbaijan 981353.00 Sep/16
Bahamas -517.60 Sep/16
Bahrain 312.40 Dec/15
Bangladesh -113.51 Nov/16
Barbados -213020.00 Nov/16
Belarus -493.30 Dec/16
Belgium 1837.10 Dec/16
Belize -156.00 Dec/16
Benin -278.15 Sep/16
Bhutan -35828.70 Dec/16
Bolivia -116.89 Sep/16
Bosnia and Herzegovina -609171.99 Dec/16
Botswana 1541.10 Nov/16
Brazil 2724.00 Jan/17
Brunei 203.30 Dec/16
Bulgaria -408.10 Dec/16
Burkina Faso -86.40 Mar/16
Burundi -118434.20 Aug/16
Cambodia -554.50 Sep/16
Cameroon -1189.42 Dec/14
Canada 922.80 Dec/16
Cape Verde -5560.90 Nov/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 719.92 Jan/17
China 513.50 Jan/17
Colombia -0.67 Dec/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -539.10 Jan/17
Croatia -4663.06 Dec/16
Cuba -9578.00 Dec/15
Cyprus -407621.00 Dec/16
Czech Republic 21481.00 Dec/16
Denmark 3788.10 Dec/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 15100.00 Dec/16
Egypt -2379.00 Dec/16
El Salvador -424.16 Dec/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -170.31 Dec/16
Ethiopia -3565.10 Sep/16
Euro Area 28142.20 Dec/16
European Union 20885.30 Dec/16
Fiji -204403.00 Sep/16
Finland -530.00 Dec/16
France -3421.00 Dec/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -297.60 Jan/17
Germany 18700.00 Dec/16
Ghana -452.40 Sep/16
Greece -1566.60 Dec/16
Guatemala -488.00 Dec/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -490.00 Nov/16
Hong Kong -45477.00 Dec/16
Hungary 173000.00 Dec/16
Iceland -6700.00 Jan/17
India -9840.90 Jan/17
Indonesia 1395.80 Jan/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4017900.00 Dec/16
Israel -705.40 Jan/17
Italy 5797.75 Dec/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan -1086.90 Jan/17
Jordan -721456.00 Dec/16
Kazakhstan 1443.10 Dec/16
Kenya -76470.00 Dec/16
Kosovo -247031.00 Dec/16
Kuwait 1385.00 Sep/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -240.10 Dec/16
Lebanon -1292.24 Dec/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -238.00 Dec/16
Luxembourg -0.37 Dec/16
Macau -6002747.00 Dec/16
Macedonia -201662.00 Dec/16
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 8720.00 Dec/16
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -151832.00 Dec/16
Mauritania -79.64 Mar/16
Mauritius -7927.00 Dec/16
Mexico 28.00 Dec/16
Moldova -197.50 Dec/16
Monaco -104.50 Jun/16
Mongolia 151.40 Jan/17
Montenegro -140962.00 Dec/16
Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5494.00 Dec/16
New Caledonia -7307.00 Oct/16
New Zealand -41.38 Dec/16
Nicaragua -294.50 Nov/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
Palestine -372.00 Dec/16
Panama -1009640.52 Dec/16
Papua New Guinea 3223.00 Jun/16
Paraguay -209595.00 Jan/17
Peru 1023.00 Dec/16
Philippines -2564000.00 Dec/16
Poland -151.00 Dec/16
Portugal -1373.50 Dec/16
Puerto Rico 2204.40 Nov/16
Qatar 10746.00 Dec/16
Republic of the Congo 4092.35 Dec/10
Romania -1185.40 Dec/16
Russia 11834.00 Dec/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -96.90 Dec/16
Serbia -514.40 Dec/16
Seychelles -38.40 Dec/16
Sierra Leone -52.89 Jun/16
Singapore 3287.37 Jan/17
Slovakia -120.00 Dec/16
Slovenia 18.80 Dec/16
Somalia -1473.48 Dec/15
South Africa 12036.48 Dec/16
South Korea 3200.00 Jan/17
South Sudan -104.70 Dec/15
Spain -2447000.00 Dec/16
Sri Lanka -957.00 Dec/16
Sudan -477522.00 Dec/16
Suriname 42.20 Sep/16
Swaziland -320.72 Jun/16
Sweden 1000.00 Dec/16
Switzerland 4733.00 Jan/17
Syria 9394.50 Dec/10
Taiwan 3494.92 Jan/17
Tajikistan -196.00 Dec/16
Tanzania -26.00 Nov/16
Thailand 940.00 Dec/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1221.80 Jan/17
Turkey -5598.00 Dec/16
Turkmenistan 2181.97 Dec/15
Uganda -143.40 Dec/16
Ukraine -561.70 Dec/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3304.00 Dec/16
United States -44262.00 Dec/16
Uruguay -127557.00 Dec/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 1150.00 Jan/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16