Italy trade surplus widened to EUR 3.928 billion in August of 2020 from EUR 2.598 billion a year earlier. Exports went down 7 percent to EUR 27.72 billion although sales of consumer goods saw a rebound (+1.2 percent) as the global economy reopened. Meanwhile, imports continue to shrink at double digits (-12.6 percent to EUR 23.79 billion), with purchases of energy (-40.6 percent) and capital goods (-19.8 percent) recording the biggest drops. Sales to the Euro Area accounted for 40 percent of total exports and were down 3.5 percent, mainly shipments to Germany (-1.7 percent) while sales increased to France (1.7 percent) and the Netherlands (1.2 percent). Imports from the Euro Area went down 10.4 percent. Considering the first eight months of the year, exports went down 13.3 percent and imports 16.4 percent due to the coronavirus crisis. source: National Institute of Statistics (ISTAT)

Balance of Trade in Italy averaged 1122.93 EUR Million from 1991 until 2020, reaching an all time high of 9694 EUR Million in July of 2020 and a record low of -6389.31 EUR Million in January of 2011. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Balance of Trade in Italy is expected to be 5400.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Italy to stand at 4200.00 in 12 months time. In the long-term, the Italy Balance of Trade is projected to trend around 3900.00 EUR Million in 2021 and 4900.00 EUR Million in 2022, according to our econometric models.

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Italy Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
3928.00 9694.00 9694.00 -6389.31 1991 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-16 08:00 AM May €5.584B €-1.131B €-0.6B
2020-08-07 08:00 AM Jun €6.232B €5.584B € 2.8B
2020-09-17 08:00 AM Jul €9.694B €6.232B €7.661B €6.5B
2020-10-16 09:00 AM Aug €3.928B €9.694B €7.5B
2020-11-17 09:00 AM Sep €3.928B € 2B
2020-12-15 10:00 AM Oct


News Stream
Italy Trade Surplus Rises in August
Italy trade surplus widened to EUR 3.928 billion in August of 2020 from EUR 2.598 billion a year earlier. Exports went down 7 percent to EUR 27.72 billion although sales of consumer goods saw a rebound (+1.2 percent) as the global economy reopened. Meanwhile, imports continue to shrink at double digits (-12.6 percent to EUR 23.79 billion), with purchases of energy (-40.6 percent) and capital goods (-19.8 percent) recording the biggest drops. Sales to the Euro Area accounted for 40 percent of total exports and were down 3.5 percent, mainly shipments to Germany (-1.7 percent) while sales increased to France (1.7 percent) and the Netherlands (1.2 percent). Imports from the Euro Area went down 10.4 percent. Considering the first eight months of the year, exports went down 13.3 percent and imports 16.4 percent due to the coronavirus crisis.
2020-10-16
Italy Trade Surplus Widens More than Expected
Italy’s trade surplus rose to EUR 9.694 billion in July of 2020 from EUR 7.617 billion in the corresponding month of the previous year and above market expectations of a EUR 7.661 billion surplus. Exports fell 7.3 percent from a year earlier to EUR 42.177 billion, mainly due to consumer goods (-3.8 percent), particularly durables (-4.1 percent) and non-durables (-3.8 percent); capital goods (-5.4 percent) and intermediate goods (-9.8 percent). Exports declined to Germany (-5.3 percent); France (-6.1 percent); the US (-5.4 percent) and the UK (-9.5 percent). Meantime, imports slid at a faster 14.2 percent to EUR 32.484 billion, mainly due to intermediate goods (-14.5 percent); capital goods (-15.6 percent) and energy (-43.7 percent). Imports went down from Germany (-14.5 percent); France (-15.6 percent); the Netherlands (-4.3 percent) and Spain (-9.2 percent) while those from China rose 3 percent.
2020-09-17
Italy Trade Surplus Widens in June
Italy’s trade surplus rose to EUR 6.232 billion in June of 2020 from EUR 5.701 billion in the corresponding month of the previous year. Exports fell 12.1 percent from a year earlier to EUR 35.857 billion, mainly due to consumer goods (-9 percent), particularly durables (-5 percent) and non-durables (-9.8 percent); capital goods (-12.6 percent) and intermediate goods (-10.4 percent). Exports declined to Germany (-2.9 percent); France (-9.7 percent); the US (-22.4 percent) and the UK (-11.2 percent). Meantime, imports slid at a faster 15.6 percent to EUR 29.624 billion, mainly due to intermediate goods (-10.9 percent); capital goods (-20.9 percent) and energy (-53.9 percent). Imports went down from Germany (-18.5 percent); France (-19.4 percent); the Netherlands (-7.6 percent) and Spain (-11.1 percent) while those from China rose 24.3 percent.
2020-08-07
Italy Trade Surplus Widens in May
Italy’s trade surplus rose to EUR 5.584 billion in May of 2020 from EUR 5.385 billion in the corresponding month of the previous year. Exports fell 30.4 percent from a year earlier to EUR 30.507 billion, mainly due to consumer goods (-26.2 percent), particularly durables (-41.9 percent) and non-durables (-22.8 percent); capital goods (-33.8 percent) and intermediate goods (-28.4 percent). Exports declined to Germany (-23 percent); France (-33.8 percent); the US (-26.8 percent) and the UK (-35.5 percent). Meantime, imports slid at a faster 35.2 percent to EUR 24.923 billion, mainly due to intermediate goods (-28.8 percent); capital goods (-41.4 percent) and non-durable consumer goods (-19.4 percent). Imports went down from Germany (-36.5 percent); France (-39 percent); the Netherlands (-26.5 percent) and Spain (-35.3 percent) while those from China rose 4 percent.
2020-07-16

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.