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

Italy's trade surplus declined to €1.84 billion deficit in February 2017 from €3.9 billion in the same month of the previous year while market expected €2.24 billion surplus. Exports increased by 2.3 percent to €34.9 billion, led by higher purchases of coke and refined petroleum products and vehicles; while imports grew by 9.1 percent to €33 billion, as purchases of crude oil and coke and refined petroleum products rose the most. With EU countries, Italy registered a trade surplus of €0.2 billion and with non-EU ones - €1.7 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)
2017-02-16 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 08:10 AM Feb €1.88B €-0.57B €2.24B €3.9B
2017-05-17 08:00 AM Mar €1.88B
2017-06-16 08:00 AM Apr
2017-07-14 09:00 AM May




Italy Trade Surplus Narrows In February


Italy's trade surplus declined to €1.84 billion deficit in February 2017 from €3.9 billion in the same month of the previous year while market expected €2.24 billion surplus. Exports increased by 2.3 percent to €34.9 billion, led by higher purchases of coke and refined petroleum products and vehicles; while imports grew by 9.1 percent to €33 billion, as purchases of crude oil and coke and refined petroleum products rose the most. With EU countries, Italy registered a trade surplus of €0.2 billion and with non-EU ones - €1.7 billion.

Year-on-year, exports rose 2.3 percent to €34.9 billion, boosted by higher sales of: coke and refined petroleum products (80.8 percent); vehicles (12.7 percent); chemicals (6.6 percent); and agriculture, forestry and fisheries products (5 percent). By main industrial groups, sales rose for: energy (75.6 percent); intermediate goods (2 percent) and consumer goods (0.9 percent).

The biggest increases in shipments were reported for: China (31.5 percent); Russia (25.4 percent); Spain (9.8 percent) and Poland (8.5 percent). 

Imports increased 9.1 percent to €33 billion, led by gains in purchases of: crude oil (105.3 percent); coke and refined petroleum products (53.6 percent); vehicles (13.8 percent); pharmaceuticals and chemicals (13.8 percent); and computers and electrical appliances (11.3 percent). By main industrial groups, purchases rose for: energy (57 percent); capital goods (6.9 percent); intermediate goods (4.1 percent); and consumer goods (3.8 percent).

The rise in imports mainly reflected the increase in purchases from OPEC countries (54.9 percent), Russia (33.2 percent), Turkey (19.3 percent), Austria (8 percent) and Spain (10.5 percent) and India (38.5 percent).

Istat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/19/2017 8:29:59 AM



Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 1884.00 -573.67 7902.67 -6389.30 EUR Million [+]
Exports 34871.17 31685.81 41260.20 5946.40 EUR Million [+]
Imports 32987.26 32261.05 38526.50 5285.80 EUR Million [+]
Current Account 1193.00 -2010.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.20 0.90 2.90 -3.70 percent [+]
External Debt 2101462.00 2101462.00 2145272.00 524899.00 EUR Million [+]
Terms of Trade 111.80 112.70 115.60 91.40 Index Points [+]
Capital Flows -3763.00 -4036.00 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 96.00 104.00 120.00 23.00 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 1598.31 1975.08 5022.00 1128.47 EUR Million [+]
Weapons Sales 570.00 743.00 1714.00 8.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1884.00 -573.67 7902.67 -6389.30 1991 - 2017 EUR Million Monthly
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