Italy Trade Surplus Widens 5% in December

Italian trade surplus increased to €6.02 billion in December of 2015, up from a €5.72 billion surplus a year earlier and beating market expectations of €3.87 billion, as exports increased 3 percent while imports rose at a slower 2.6 percent. Considering full 2015, the country posted a €45.19 billion surplus.
Istat | Joana Ferreira | 2/16/2016 9:29:42 AM
Year-on-year, exports rose by 3 percent to €34.39 billion from €33.38 billion, as shipments of consumer goods grew by 4.6 percent, sales of capital goods increased by 4.4 percent and exports of intermediate goods went up by 1.5 percent. By contrast, sales of energy products dropped by 13.4 percent. Among sectors, the country exported mainly machinery and equipment; pharmaceutical, chemical and botanical medicines; refined petroleum products; and vehicles.

The biggest increases in shipments were reported for Japan (+19.9 percent), the US (+18.4 percent), ASEAN countries (+17 percent), Romania (+16.6 percent) and Spain (+11.5 percent). Sales to MERCOSUR and Russia declined the most by 25.7 percent and 16.7 percent, respectively. 

Imports increased by 2.6 percent to €28.37 billion from €27.66 billion in December 2014, boosted by a 10.2 percent increase in purchases of capital goods. Imports of consumer and intermediate goods also expanded by 6.4 percent and by 1.3 percent, respectively. By contrast, purchases of energy products fell 15.4 percent. Among sectors, the country imported mainly pharmaceutical, chemical and botanical medicines; means of transport; and vehicles.

The increase in imports mainly reflected the strong growth in purchases from Poland (+26.4 percent), Belgium (+23.8 percent), Czech Republic (+16 percent), Switzerland (+12.8 percent) and Spain (+10.4 percent). Meanwhile imports from OPEC countries (-19.8 percent) and Russia (-19.3 percent) fell.

On a seasonally adjusted monthly basis, exports shrank 2.2 percent while imports fell 3.5 percent.

Considering full 2015, Italy posted a €45.19 billion surplus. Exports went up by 3.7 percent while imports grew 3.3 percent.

Italy Trade Surplus Widens 5% in December