Italy Balance of Trade  1991-2018 | Data | Chart | Calendar | Forecast

Italy's trade surplus narrowed to EUR 3.38 billion in May 2018 from EUR 4.34 billion in the same month of the previous year, still above market expectations of a EUR 3.25 billion surplus. Imports rose 1.7 percent while exports fell 0.8 percent. Balance of Trade in Italy averaged 865.12 EUR Million from 1991 until 2018, 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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Italy Trade Surplus Narrows Less than Expected


Italy's trade surplus narrowed to EUR 3.38 billion in May 2018 from EUR 4.34 billion in the same month of the previous year, still above market expectations of a EUR 3.25 billion surplus.

Imports increased 1.7 percent year-on-year to EUR 37.19 billion in May from EUR 36.57 billion, led by gains in purchases of: metals (8.3 percent); chemicals (9.4 percent); crude oil (11.8 percent); machinery (5.3 percent); pharmaceuticals (5.4 percent); and natural gas (10.1 percent). Meanwhile, imports of other transport means and electronics fell by 19.4 percent and 6.6 percent, respectively.

The rise in imports mainly reflected the increase in purchases from OPEC (28.6 percent), Germany (3.8 percent), Belgium (12.2 percent), Spain (5.3 percent) and Russia (7.4 percent). By contrast, imports fell from Japan (-50 percent), France (-6.1 percent) and China (-5.7 percent).

Exports dropped 0.8 percent to EUR 40.57 billion in May from EUR 40.91 billion a year earlier, mainly due to lower sales of: vehicles (-10 percent); machinery (-3 percent); other manufactured goods (-7.8 percent); chemicals (-4.2 percent); and other transport means (-2 percent). By contrast, exports of coke and refined petroleum products increased 14.1 percent and those of clothing rose 5.1 percent.

Exports fell mostly to OPEC (-16.6 percent), Turkey (-11.3 percent), Belgium (-6.8 percent), Russia (-10.7 percent) and China (-5.7 percent). Meanwhile, sales rose to Switzerland (6.2 percent), Spain (2.9 percent) and Czech Republic (7.6 percent).

With European Union countries, the trade surplus narrowed to EUR 1.015 billion from EUR 1.693 billion in May last year. 


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/16/2018 9:09:34 AM


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Calendar GMT Actual Previous Consensus TEForecast
2018-05-17 08:00 AM Balance of Trade €4.531B €3.098B €3.74B €7.2B
2018-06-18 08:00 AM Balance of Trade €2.938B €4.525B €3.21B €3.8B
2018-07-16 08:00 AM Balance of Trade €3.378B €2.985B €3.25B €4.1B
2018-08-10 08:00 AM Balance of Trade €3.378B € 1.8B
2018-09-17 08:00 AM Balance of Trade €6.6B
2018-10-16 10:00 AM Balance of Trade €2.9B


Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 3377.54 2985.35 7902.67 -6389.30 EUR Million [+]
Exports 40568.29 36304.57 42284.43 5946.40 EUR Million [+]
Imports 37190.76 33319.23 38526.50 5285.80 EUR Million [+]
Current Account 3009.00 3442.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.80 2.60 2.90 -3.70 percent [+]
External Debt 2177794.00 2131704.00 2177794.00 524899.00 EUR Million [+]
Terms of Trade 101.90 101.30 105.50 83.40 Index Points [+]
Capital Flows 3143.00 -3297.00 17094.70 -27541.10 EUR Million [+]
Remittances 181.00 177.71 202.52 96.92 EUR Million [+]
Gold Reserves 2451.80 2451.80 2451.84 2451.80 Tonnes [+]
Terrorism Index 2.75 2.36 3.71 1.98 [+]
Tourism Revenues 3006.19 2312.00 5470.92 1128.47 EUR Million [+]
Weapons Sales 660.00 670.00 1715.00 8.00 USD Million [+]
Crude Oil Production 92.00 95.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 2099.00 673.00 14203.00 -10787.00 EUR Million [+]

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



Italy Balance of Trade

In 2017, Italy's trade surplus fell to EUR 47 billion from a record high of EUR 50 billion in the previous year, as imports jumped 9 percent to EUR 401 billion, the highest level since 2011, and exports rose at a softer 7 percent to an all-time high of EUR 448 billion. The biggest trade surpluses were recorded with the United States, the United Kingdom, France, Switzerland, Poland and Japan; and the biggest trade deficits with China, the Netherlands, Germany, Belgium 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3377.54 2985.35 7902.67 -6389.30 1991 - 2018 EUR Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan 721.41 Jun/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 1309.00 Jun/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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