Italy Trade Surplus Widens 75% in April

Italian trade surplus increased to € 3.5 billion in April of 2014, from a € 2 billion surplus a year earlier, as imports fell and exports surged.

Exports increased 1.9 percent year-on-year to € 32.5 billion. Sales to the European Union rose 5 percent. Poland (+14.8 percent), Czech Republic (+14.5 percent) and Belgium (+8.9 percent) were the most dynamic markets for exports. There was also a significant increase in sales to Japan (+7.1 percent) and Germany (5.6 percent). Shipments of clothing, including leather and fur (+10.6 percent), leather goods, except clothing and the like (+9.4 percent) and machinery and equipment (7.3 percent) lead the sales increase.

In contrast, imports fell 2.9 percent over a year earlier to € 28.9 billion, mainly due to lower purchases of crude oil (-27.4 percent) and natural gas (-14.5 percent). Imports from the OPEC countries shrank 19.1 percent, those from Russia went down 15.7 percent and imports from the Mercosur countries declined 12.8 percent. 

On a seasonally adjusted monthly basis, exports rose 0.4 percent from March and imports contracted 0.6 percent.

Italy Trade Surplus Widens 75% in April

Istat | Joana Taborda |
6/17/2014 10:23:11 AM