Italy's trade surplus increased to EUR 4.872 billion in November 2019 from EUR 3.975 billion in the corresponding month of the previous year but missing market estimates of a EUR 6.106 billion surplus. Imports slipped 5.9% from a year earlier to EUR 35.30 billion, mainly dragged by lower purchases of transport equipment (-0.2%), namely vehicles (-2.6%); basic metals & metal products (-11.2%); chemicals (-4.7%); machinery & equipment (-1.1%) and electronic products (-5.1%). Exports fell at a softer 3.2% to EUR 40.17 billion, amid lower sales of machinery & equipment (-5.5%); transport equipment (-14.4%), with vehicles showing no growth and other transport equipment falling 23.7%; basic metals & metal products (-5.1%); chemicals (-5.2%); rubber & plastics (-5.2%); coke & petroleum products (-11.1%) and electronic products (-11.5%). With EU countries, Italy's trade surplus was barely unchanged at EUR 0.70 billion, with both exports and imports decreasing 2.7 percent, respectively. Balance of Trade in Italy averaged 1031.40 EUR Million from 1991 until 2019, reaching an all time high of 8057 EUR Million in October of 2019 and a record low of -6389.30 EUR Million in January of 2011. source: National Institute of Statistics (ISTAT)

Balance of Trade in Italy is expected to be 4180.00 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 2400.00 in 12 months time. In the long-term, the Italy Balance of Trade is projected to trend around 1900.00 EUR Million in 2020, according to our econometric models.

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Italy Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4872.00 8057.00 8057.00 -6389.30 1991 - 2019 EUR Million Monthly
Current Prices, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-17 08:00 AM Aug €2.585B €7.617B €4.732B €6.9B
2019-11-15 09:00 AM Sep €2.779B €2.598B €2.892B €3.4B
2019-12-17 09:00 AM Oct €8.057B €2.686B €4.966B €3.6B
2020-01-17 09:00 AM Nov €4.872B €8.057B €6.106B
2020-02-14 09:00 AM Dec € 6B


News Stream
2019-12-17
Italy Trade Surplus Hits All-Time High in October
Italy's trade surplus increased to EUR 8.057 billion in October 2019 from EUR 3.828 billion in the corresponding month of the previous year and beating market estimates of a a EUR 4.966 billion surplus. It was the widest monthly trade surplus since at least January 1991, as exports posted their highest ever monthly figure, boosted by transport equipment. Imports slipped, mainly due to lower purchases of basic metals & metal products, vehicles and chemicals.

2019-11-15
Italy Trade Surplus Widens Less than Expected
Italy’s trade surplus widened to EUR 2.779 billion in September 2019 from EUR 1.219 billion in the corresponding month of the previous year, but below market expectations of a EUR 2.892 billion surplus. Exports rose 6.2 percent over a year earlier to EUR 39.386 billion and imports increased at a softer 2.1 percent to EUR 36.607 billion. Considering the third quarter as a whole, the country recorded a EUR 12.995 billion trade surplus, compared to a EUR 9.513 surplus in the same period of 2018.

2019-10-17
Italy Trade Surplus Widens Less than Expected
Italy’s trade surplus rose to EUR 2.585 billion in August 2019 from EUR 2.491 billion in the same month a year ago, missing market expectations of EUR 4.732 billion. Exports fell 3.4 percent to EUR 29.790 billion while imports dropped at a faster 4.1 percent to EUR 27.204 billion. Both, exports and imports declined to its lowest since August of 2017.

2019-09-18
Italy Posts Biggest Trade Surplus in 3 Years
Italy's trade surplus widened to EUR 7.631 billion in July 2019 from EUR 5.659 billion in the same month a year ago and beating market expectations of a EUR 4.71 billion surplus. This is the largest trade surplus since July 2016, as exports hit their highest ever monthly figure, boosted by shipments of pharmaceuticals and botanical articles. Imports grew much slower, as higher purchases of basic metals and transport equipment were partly offset by lower acquisitions of chemicals and refined petroleum products.

2019-08-09
Italy Posts Widest Trade Surplus since 2017
Italy's trade surplus rose sharply to EUR 5.728 billion in June 2019 from EUR 5.174 billion in the same month of the previous year and beating market expectations of a EUR 4.23 billion surplus. It was the largest trade surplus since July 2017, as imports fell 5.5 percent and exports decreased at a softer 3.5 percent.

2019-07-16
Italy Trade Surplus Widens in May
Italy’s trade surplus widened to EUR 5.347 billion in May 2019 from EUR 3.366 in the same month of the previous year and beating market expectations of a EUR 2.91 billion surplus. Exports jumped 8 percent from a year earlier and imports rose at a softer 3.4 percent.


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.

Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 4872.00 8057.00 8057.00 -6389.30 EUR Million [+]
Current Account 4921.40 8571.80 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.60 2.70 2.90 -3.70 percent [+]
Imports 35300.29 37849.49 40173.09 5285.80 EUR Million [+]
Exports 40172.23 45906.06 45906.06 5946.40 EUR Million [+]
External Debt 2258602.00 2171891.00 2258602.00 524899.00 EUR Million [+]
Terms of Trade 104.90 104.30 105.50 83.40 points [+]
Capital Flows 8465.90 10142.40 17097.10 -27549.50 EUR Million [+]
Remittances 120.66 125.52 202.52 96.92 EUR Million [+]
Gold Reserves 2451.84 2451.84 2451.84 2451.80 Tonnes [+]
Terrorism Index 3.11 2.74 3.71 1.98 [+]
Tourism Revenues 2399.84 3998.01 6039.00 1128.47 EUR Million [+]
Weapons Sales 611.00 802.00 1715.00 1.00 USD Million [+]
Crude Oil Production 76.00 79.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 3214.00 4522.00 14203.00 -10787.00 EUR Million [+]