The trade surplus in Italy rose to EUR 4.625 billion in March of 2019 from EUR 4.525 billion in the corresponding month of the previous year and compared with market expectations of EUR 4.24 billion. Exports were unchanged from a year earlier and imports edged down 0.3 percent. Balance of Trade in Italy averaged 938.18 EUR Million from 1991 until 2019, 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 1500.00 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 2180.00 in 12 months time. In the long-term, the Italy Balance of Trade is projected to trend around 3900.00 EUR Million in 2020, according to our econometric models.

Italy Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-15 09:00 AM Balance of Trade €3.658B €3.843B €3.47B €2.9B
2019-03-19 09:00 AM Balance of Trade €0.322B €2.755B €2.062B €-0.2B
2019-04-17 09:15 AM Balance of Trade €3.268B €0.325B €-1.175B €2.5B
2019-05-16 09:00 AM Balance of Trade €4.625B €3.238B €4.24B €2.8B
2019-06-19 08:00 AM Balance of Trade €2.2B
2019-07-16 08:00 AM Balance of Trade €1.9B
2019-08-09 08:00 AM Balance of Trade €1.5B



Italy Trade Surplus Larger than Expected in March

The trade surplus in Italy rose to EUR 4.625 billion in March of 2019 from EUR 4.525 billion in the corresponding month of the previous year and compared with market expectations of EUR 4.24 billion. Exports were unchanged from a year earlier and imports edged down 0.3 percent.

Exports remained stable at EUR 41.520 billion in March, as higher sales of basic metals and metal products (4 percent); textiles, clothing and leather (5.3 percent) and food, beverages & tobacco (3.7 percent) where offset by lower shipments of machinery and equipment (-1.7 percent) and transport equipment (-11.2 percent).

Exports rose mostly to France (3.1 percent); the UK (23 percent); Switzerland (17.3 percent); Spain (0.9 percent); Belgium (7.6 percent) and OPEC (1.5 percent). On the other hand, exports fell to the US (-11.1 percent); Germany (-2.5 percent); Poland (-5.5 percent) and the Netherlands (-5.1 percent). 

Imports decreased 0.3 percent year-on-year to EUR 36.895 billion, dragged by lower purchases of transport equipment (-3.3 percent); basic metals and metal products (-2 percent); machinery and equipment (-2.1 percent) and food, beverages and tobacco (-2.8 percent); while import rose for chemicals and chemical products (0.7 percent); computers, electronic and optical devices (1.8 percent) and textiles, clothing and leather (1.6 percent).

Imports dropped mainly from Germany (-2.1 percent); France (-2 percent); China (-1.4 percent); Russia (-12 percent) and OPEC (-9.2 percent). By contrast, imports advanced from the United States (11.5 percent); the Netherlands (5.6 percent) and Spain (4.8 percent).

With European Union countries, the country's trade surplus jumped to EUR 1.220 billion from EUR 0.692 billion in March of 2018.

Considering the first quarter of the year, Italy’s trade surplus widened to EUR 8.189 billion from EUR 7.532 billion in the same period of 2018, as exports climbed 2 percent to EUR 114.736 billion and imports went up at a softer 1.5 percent to EUR 106.547 billion. 


Istat | Agna Gabriel | agna.gabriel@tradingeconomics.com
5/16/2019 10:06:33 AM


News

Italy Trade Surplus Widens in February
The trade surplus in Italy rose to EUR 3,268 billion in February of 2019 from EUR 3,098 billion in the corresponding month of the previous year.
Published on 2019-04-17

Italy Trade Surplus Narrows More than Expected
Italy posted a trade surplus of EUR 0.322 billion in January 2019, compared with a EUR 0.092 billion deficit in the same month of the previous year and well below market expectations of a EUR 2.062 billion surplus.
Published on 2019-03-19

Italy Trade Surplus Slightly Larger than Expected
Italy’s trade surplus decreased to EUR 3.66 billion in December of 2019 from EUR 5.08 billion in the corresponding month of the previous year, but slightly higher than market expectations of a EUR 3.47 billion. Imports rose 1.4 percent from a year earlier while exports declined 2.7 percent.
Published on 2019-02-15

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.
Published on 2019-01-17



Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 4625.00 3238.00 7902.67 -6389.30 EUR Million [+]
Current Account 4040.10 3250.10 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.50 2.80 2.90 -3.70 percent [+]
Imports 36894.65 34240.09 39938.06 5285.80 EUR Million [+]
Exports 41520.06 37478.47 43756.10 5946.40 EUR Million [+]
External Debt 2113580.00 2139097.00 2177794.00 524899.00 EUR Million [+]
Terms of Trade 101.80 100.50 105.50 83.40 Index Points [+]
Capital Flows 4343.20 -1556.60 17094.70 -27541.10 EUR Million [+]
Remittances 131.01 148.11 202.52 96.92 EUR Million [+]
Gold Reserves 2451.80 2451.80 2451.84 2451.80 Tonnes [+]
Terrorism Index 2.74 2.75 3.71 1.98 [+]
Tourism Revenues 2521.66 1939.73 5854.26 1128.47 EUR Million [+]
Weapons Sales 660.00 670.00 1715.00 8.00 USD Million [+]
Crude Oil Production 87.00 85.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment -2117.00 3912.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4625.00 3238.00 7902.67 -6389.30 1991 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.34 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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