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. Balance of Trade in Italy averaged 956.60 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 400.00 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
2019-04-17 09:15 AM Balance of Trade Feb €3.268B €0.325B €-1.175B €2.5B
2019-05-16 09:00 AM Balance of Trade Mar €4.625B €3.238B €4.24B €2.8B
2019-06-19 08:00 AM Balance of Trade Apr €2.885B €4.579B €4.55B €2.2B
2019-07-16 08:00 AM Balance of Trade May €5.347B €2.885B €2.91B €1.9B
2019-08-09 08:00 AM Balance of Trade Jun €5.347B €1.5B
2019-09-18 09:00 AM Balance of Trade Jul €3.2B
2019-10-17 08:00 AM Balance of Trade Aug €1.1B



Italy Trade Surplus Larger than Expected 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.

Exports increased 8 percent year-on-year to EUR 43.800 billion in May, mainly driven by higher sales of pharmaceutical, chemical products and botanical articles (49.8 percent); machinery and equipment (4.3 percent); textiles, clothing and leather (19.8 percent) and basic metals and metal products (6.6 percent). Meanwhile, automotive exports declined 7.4 percent.

Exports went up mostly to the US (16 percent); Germany (8.4 percent); Switzerland (21.4 percent); France (8.4 percent); the Netherlands (19.8 percent); Spain (5.4 percent); Belgium (7.5 percent); the UK (6.5 percent); China (3.5 percent) and Poland (1.7 percent).

Imports advanced 3.4 percent from a year earlier to EUR 38.453 billion, boosted by higher purchases of pharmaceutical, chemical products and botanical articles (19.3 percent); textiles, clothing and leather (11 percent); mining products (4.9 percent); manufactured goods (2.7 percent); food, beverages and tobacco (3.3 percent); and computers, electronic and optical devices (2.1 percent).

Imports advanced mainly from Germany (6.6 percent); France (7.5 percent); China (10.8 percent); the Netherlands (2.9 percent); Spain (0.6 percent); the US (0.3 percent) and Russia (0.4 percent). On the other hand, imports dropped from Belgium (-5 percent); OPEC countries (-9.1 percent); and the UnK (-3.7 percent). 

With European Union countries, the country's trade surplus increased to EUR 2.248 billion from EUR 1.004 billion in May 2018.


Istat | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/16/2019 8:55:25 AM


News

Italy Trade Surplus Shrinks in April
The trade surplus in Italy narrowed to EUR 2.885 billion in April of 2019 from EUR 2.985 billion in the corresponding month of the previous year and well bellow market expectations of a EUR 4.55 billion surplus. Exports climbed 5.8 percent from a year earlier but imports advanced at a faster 6.7 percent.
Published on 2019-06-19

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.
Published on 2019-05-16

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 Last Previous Highest Lowest Unit
Balance of Trade 5347.00 2885.00 7902.67 -6389.30 EUR Million [+]
Current Account 2599.00 4066.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.50 2.80 2.90 -3.70 percent [+]
Imports 38452.89 35569.93 39938.06 5285.80 EUR Million [+]
Exports 43800.17 38420.92 43800.17 5946.40 EUR Million [+]
External Debt 2134121.00 2113580.00 2177794.00 524899.00 EUR Million [+]
Terms of Trade 103.10 101.70 105.50 83.40 Index Points [+]
Capital Flows -762.90 7706.80 17094.70 -27541.10 EUR Million [+]
Remittances 117.08 148.11 202.52 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 3932.85 3389.49 5854.26 1128.47 EUR Million [+]
Weapons Sales 611.00 802.00 1715.00 1.00 USD Million [+]
Crude Oil Production 82.00 88.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 1808.00 463.00 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5347.00 2885.00 7902.67 -6389.30 1991 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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