Italy's trade surplus widened to EUR 6.84 billion in December of 2020 from EUR 5.06 billion in the corresponding month of the previous year. Exports rose 3.3 percent while imports fell 1.7 percent. In 2020, the country's trade surplus advanced to EUR 63.58 billion from EUR 56.12 billion the year earlier. source: National Institute of Statistics (ISTAT)

Balance of Trade in Italy averaged 1194.20 EUR Million from 1991 until 2020, reaching an all time high of 9689.39 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 February of 2021.

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 3900.00 in 12 months time. In the long-term, the Italy Balance of Trade is projected to trend around 3900.00 EUR Million in 2022 and 4900.00 EUR Million in 2023, according to our econometric models.

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Italy Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6843.54 6751.26 9689.39 -6389.31 1991 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-17 09:00 AM Sep €5.849B €3.928B €3.343B € 3.2B
2020-12-15 10:00 AM Oct €7.565B €5.849B €5.1B
2021-01-19 09:00 AM Nov €6.766B €7.575B €5.6B
2021-02-16 09:00 AM Dec €6.844B €6.751B € 5.4B
2021-03-18 09:00 AM Jan
2021-04-16 08:00 AM Feb
2021-05-18 08:00 AM Mar € 4.2B
2021-06-17 08:00 AM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Italy Trade Surplus Rises in December
Italy's trade surplus widened to EUR 6.84 billion in December of 2020 from EUR 5.06 billion in the corresponding month of the previous year. Exports rose 3.3 percent while imports fell 1.7 percent. In 2020, the trade surplus widened to EUR 63.58 billion from EUR 56.12 billion the year earlier.
2021-02-16
Italy Trade Surplus Widens in November
Italy's trade surplus rose to EUR 6.77 billion in November of 2020 from EUR 5.20 billion in the corresponding month of the previous year. Exports rose 1.1% from a year earlier to EUR 40.93 billion, boosted by sales of basic metals and metal products, excluding machinery and plants ( 15.3%), motor vehicles (26.9%), food, beverages and tobacco (5.7%), chemicals and substances (6.2%), machinery and equipment (2.1%) and electrical appliances (6.5%). Sales to the Euro Area accounted for 40.9% of total exports and were up 0.9 percent, mainly shipments to Germany (8.6%) and Belgium (5%). Meanwhile, imports declined 3.2% to EUR 34.16 billion, on lower acquisitions of chemicals (-3.1%); textile and clothing products, leathers and accessories (-13.2%) and food, beverages & tobacco (-5.2%). Imports from the Euro Area accounted for 47.1% of total purchases and decreased 1.6%, mainly from Spain (-10.9%).
2021-01-19
Italy Trade Surplus Narrows in October
Italy's trade surplus narrowed to EUR 7.56 billion in October 2020 from EUR 8.37 billion in the corresponding month of the previous year. Exports tumbled 8.4 percent from a year earlier to EUR 42.40 billion due to lower sales of energy (-56.3 percent); capital goods (-8 percent); intermediate goods (-5 percent) and nondurable consumer goods (-8.8 percent). Sales to the Euro Area accounted for 51.1 percent of total exports and were down 7.2 percent, mainly shipments to France (-10 percent). Meantime, imports declined at a softer 8.2 percent to EUR 34.84 billion, dragged down by lower purchases of consumer goods (-5.9 percent) and capital goods (-9.3 percent). On the other hand, imports rose for intermediate goods (+1.9 percent). Imports from the Euro Area decreased 5.1 percent. Considering the first nine months of the year, exports slipped 12 percent and imports tumbled 14.8 percent due to the coronavirus crisis.
2020-12-15
Italy Trade Surplus Widens More than Expected
Italy's trade surplus widened to EUR 5.849 billion in September of 2020 from EUR 2.686 billion a year earlier, well above market expectations of EUR 3.343 billion. Exports rose 2.1 percent to EUR 40.135 billion led by consumer goods (+3.6 percent); capital goods (6.4 percent) and intermediate goods (0.9 percent). Sales to the Euro Area accounted for 50.7 percent of total exports and were up 1.4 percent, mainly shipments to Germany (6 percent) and France (2.3 percent). Meantime, imports slipped 6.4 percent to EUR 34.286 billion, mainly due to capital goods (-5.8 percent) and consumer non-durable goods (-1.8 percent). Imports from the Euro Area went down 1.9 percent. Considering the first nine months of the year, exports went down 11.6 percent and imports 15.3 percent due to the coronavirus crisis.
2020-11-17

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.