Imports to Italy increased 3.3 percent from a year earlier to EUR 34,231 billion in February of 2019, led by gains in purchases of: basic metals and metal products (7.8 percent); machinery and equipment (3.5 percent); pharmaceutical, chemical-medicinal and botanical articles (24.2 percent) and food, beverages and tobacco (2.6 percent). The rise in imports mainly reflected the increase in purchases from Germany (1.7 percent); China (4.9 percent); the US (22.3 percent); the Netherlands (1.7 percent) and Belgium (18.9 percent). By contrast, imports fell from France (-2.2 percent) and OPEC (-13.9 percent). Imports in Italy averaged 23583.54 EUR Million from 1991 until 2019, reaching an all time high of 39938.06 EUR Million in October of 2018 and a record low of 5285.80 EUR Million in August of 1992.
Imports in Italy is expected to be 37400.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Italy to stand at 40020.00 in 12 months time. In the long-term, the Italy Imports is projected to trend around 40500.00 EUR Million in 2020, according to our econometric models.