Imports to Italy jumped 5.7 percent from a year earlier to EUR 35.64 billion in September 2018, led by gains in purchases of: crude oil (35.9 percent); natural gas (50 percent); metals (6.9 percent); machinery (7 percent) and pharmaceuticals (9 percent). Meanwhile, imports of food products and vehicles fell 7.4 percent and 2.9 percent, respectively. The rise in imports mainly reflected the increase in purchases from China (14.3 percent), the US (26.3 percent), Belgium (16.4 percent), ASEAN countries (34.2 percent) and Russia (19.7 percent). By contrast, imports fell from Spain (-8.7 percent), Germany (-2.4 percent) and France (-2 percent). Imports in Italy averaged 23397.13 EUR Million from 1991 until 2018, reaching an all time high of 38526.50 EUR Million in March of 2011 and a record low of 5285.80 EUR Million in August of 1992.
Imports in Italy is expected to be 32100.00 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 37100.00 in 12 months time. In the long-term, the Italy Imports is projected to trend around 37500.00 EUR Million in 2020, according to our econometric models.