Italy Trade Surplus Narrows Slightly in May
The Italian trade surplus decreased to €3.67 billion in May of 2014, compared with a €3.89 billion a year earlier, boosted by higher imports.
7/16/2014 11:21:20 AM
Year-on-year, total exports increased 0.2 percent to €34.63 billion in May (2.4 percent for the EU and -2.3 percent to non EU countries). Imports rose 0.9 percent (1.0 percent for EU and 0.8 percent for non EU countries) reaching €30.95 billion.
With the European Union countries, the trade surplus widened to € 1.22 billion in May, compared with a surplus of € 959 million a year earlier.
On a seasonally adjusted monthly basis, exports rose 2.2 percent and imports increased 3.2 percent. Exports' growth was driven by a 5.4 percent increase in sales to non EU countries (5.4 percent) while shipments to the EU countries decreased 0.4 percent. Imports increased for both EU countries (2.1 percent) and non EU countries (4.6 percent).