Italy Balance of Trade  1991-2016 | Data | Chart | Calendar | Forecast

Italy's trade surplus rose to €3.67 billion in September 2016 from €2.19 billion in the same month of the previous year and better than market expectations of €2.85 billion surplus. Exports rose 3.1 percent, boosted by higher sales of vehicles and pharmaceuticals, while imports declined 2.7 percent, dragged by a fall in purchases of natural gas, coke and refined petroleum products and crude oil. With European Union countries, Italy registered a trade surplus of €0.78 billion, compared with a surplus of €0.41 billion euros in September 2015. Balance of Trade in Italy averaged 682.62 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
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-16 08:00 AM Jul €7.80B €4.66B €3.67B €5.03B
2016-10-17 08:00 AM Aug €2.5B €7.80B €4.25B €3.85B
2016-11-17 09:00 AM Sep €3.67B €2.49B €2.85B €3.66B
2016-12-16 09:00 AM Oct €3.67B €3.51B
2017-01-18 09:00 AM Nov
2017-02-16 09:00 AM Dec




Italy Trade Surplus Above Expectations in September


Italy's trade surplus rose to €3.67 billion in September 2016 from €2.19 billion in the same month of the previous year and better than market expectations of €2.85 billion surplus. Exports rose 3.1 percent while imports declined 2.7 percent. With European Union countries, Italy registered a trade surplus of €0.78 billion, compared with a surplus of €0.41 billion euros in September 2015.

Year-on-year, exports rose 3.1 percent to €35.86 billion from €34.79 billion, boosted by higher sales of: Vehicles (+13.6 percent); pharmaceutical preparations, medicinal chemical and botanical (+7.1 percent); sport goods, games, musical instruments and other products (+5.7 percent); food, beverages and tobacco (+5.7 percent); and agricultural goods (+5.4 percent). By contrast, exports fell for: Coke and refined petroleum products (-6.5 percent); and electrical equipment (-2 percent). By main industrial groups, sales rose for: consumer goods (+4.2 percent); capital goods (+3.3 percent); intermediate goods (+2.2 percent); but decreased for energy (-2.8 percent). 

The biggest increases in shipments were reported for China (+23.3 percent); Japan (+18.2 percent); the US (+11.1 percent); Spain (+7.3 percent); and Austria (+7.2 percent). Meanwhile, sales fell the most to OPEC countries (-10.9 percent), Belgium (-10.5 percent) and Turkey (-8.4 percent).

Imports shrank 2.7 percent to €32.19 billion from €33.10 billion in September 2015, led by a fall in purchases of natural gas (-22.1 percent), coke and refined petroleum products (-21.8 percent), crude oil (-13.7 percent), substances and chemicals (-11.1 percent) and agricultural goods (-8.2 percent). Meanwhile, imports of vehicles rose 19.5 percent. By main industrial groups, purchases fell for: energy (-18.8 percent); intermediate goods (-5.8 percent); and consumer goods (-0.7 percent); while imports of capital goods rose (+6.4 percent).

The decline in imports mainly reflected the fall in purchases from Russia (-22.4 percent), Belgium (-15.2 percent), the US (-14.7 percent), India (-10.8 percent), and China (-8.5 percent). In contrast, imports rose the most from Czech Republic (+18.3 percent) OPEC countries (+9.5 percent) and Spain (+7.3 percent).

With European Union countries, Italy registered a trade surplus of €0.78 billion, compared with a surplus of €0.41 billion euros in September 2015.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/17/2016 10:28:08 AM



Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 3669.89 2493.97 7902.67 -6389.30 EUR Million [+]
Exports 35862.59 27098.71 41260.20 5946.40 EUR Million [+]
Imports 32192.70 24604.74 38526.50 5285.80 EUR Million [+]
Current Account 2810.00 3282.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.20 0.90 2.90 -3.70 percent [+]
External Debt 858737.00 881669.00 899260.00 524899.00 EUR Million [+]
Terms of Trade 114.70 114.90 115.60 91.40 Index Points [+]
Capital Flows 3573.00 9131.00 16541.10 -27627.60 EUR Million [+]
Remittances 159.26 151.24 221.00 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 -600.00 -2461.40 14203.00 -10786.60 EUR Million [+]
Terrorism Index 2.36 3.36 3.71 1.98 [+]
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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
3669.89 2493.97 7902.67 -6389.30 1991 - 2016 EUR Million Monthly
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