Italy’s trade surplus fell to EUR 3.84 billion in November of 2018 from EUR 4.67 billion in the corresponding month of the previous year, but well above market expectations of EUR 2.89 billion. Imports advanced 3.4 percent from a year earlier while exports went up at a softer 1 percent. Balance of Trade in Italy averaged 916.52 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.

Balance of Trade in Italy is expected to be 6800.00 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 5000.00 in 12 months time. In the long-term, the Italy Balance of Trade is projected to trend around 5400.00 EUR Million in 2020, according to our econometric models.

Italy Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-16 10:00 AM Balance of Trade €2.564B €5.659B €4.34B €2.9B
2018-11-16 10:00 AM Balance of Trade €1.274B €2.491B €2.87B € 4.2B
2018-12-17 09:00 AM Balance of Trade €3.784B €1.274B €1.89B €2.5B
2019-01-17 09:00 AM Balance of Trade €3.843B €3.784B €2.89B €4.1B
2019-02-15 09:00 AM Balance of Trade €3.843B € 5.1B
2019-03-19 09:00 AM Balance of Trade
2019-04-17 09:00 AM Balance of Trade



Italy Trade Surplus Larger than Expected

Italy’s trade surplus fell to EUR 3.84 billion in November of 2018 from EUR 4.67 billion in the corresponding month of the previous year, but well above market expectations of EUR 2.89 billion. Imports advanced 3.4 percent from a year earlier while exports went up at a softer 1 percent.

Imports rose 3.4 percent from a year earlier to EUR 37.29 billion in November of 2018, boosted by higher purchases of manufacturing products (2.9 percent), namely base metals and metal products (0.1 percent); computer and electronics (4.6 percent); machinery and appliances (1.4 percent) and textiles and clothing (4.8 percent). In addition, imports of mining and quarrying products rose 13.5 percent and products of waste treatment and rehabilitation activities advanced 1.9 percent. 

Increases were seen in purchases from China (24.2 percent); OPEC countries (12.6 percent); France (1.3 percent) and Belgium (8.3 percent). On the other hand, imports declined from the US (-9.1 percent); Germany (-1.2 percent); the Netherlands (-7.8 percent) and the UK (-13.5 percent).

Exports went up at a softer 1 percent to EUR 41.13 billion in November of 2018, mainly due to sales of manufacturing products (1.2 percent), namely clothing and footwear (8.1 percent). By contrast, exports of transport equipment fell 11.9 percent and machinery and appliances decreased 1.4 percent.

Shipments advanced mostly to the US (15.8 percent); Austria (7.6 percent); the Netherlands (4.9 percent) and China (3.3 percent). Conversely, exports declined to Turkey (-24.9 percent); Switzerland (-20.2 percent); ASEAN countries (-4.2 percent) and OPEC countries (-0.2 percent).

With the European Union countries, Italy recorded a trade surplus of EUR 0.513 billion in November, as exports rose 1.4 percent while imports decreased 0.7 percent. 

Considering the January to November period of 2018, Italy posted a trade surplus of EUR 36.14 billion, as imports grew 5.7 percent to EUR 390.87 billion and exports advanced at a slower 3.5 percent to EUR 427.02 billion.


Istat | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/17/2019 9:44:59 AM



Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 3843.00 3784.00 7902.67 -6389.30 EUR Million [+]
Current Account 4805.70 6043.50 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.80 2.60 2.90 -3.70 percent [+]
Imports 37287.60 39932.08 39932.08 5285.80 EUR Million [+]
Exports 41130.98 43715.80 43715.80 5946.40 EUR Million [+]
External Debt 2139097.00 2138556.00 2177794.00 524899.00 EUR Million [+]
Terms of Trade 98.80 99.50 105.50 83.40 Index Points [+]
Capital Flows 9983.00 2146.90 17094.70 -27541.10 EUR Million [+]
Remittances 148.20 141.61 202.52 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 2233.92 3670.03 5821.17 1128.47 EUR Million [+]
Weapons Sales 660.00 670.00 1715.00 8.00 USD Million [+]
Crude Oil Production 83.00 80.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 846.00 879.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3843.00 3784.00 7902.67 -6389.30 1991 - 2018 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 1369.00 Dec/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -55.29 Dec/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -2568800.00 Nov/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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