Italy Balance of Trade

Last Release

Dec 31, 2024

Actual

5,980.23

Units In

EUR Million

4,218

Frequency

Monthly

Next Release

Mar 14, 2025

Time to Release

23 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
9,550.66 Jul 2020	-9,569 Aug 2022	1,348.05 EUR Million	1991-2024	National Institute of Statistics (ISTAT)

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.

Latest Updates

Italy's trade surplus widened to EUR 5.98 billion in December 2024 from EUR 5.333 billion in the corresponding month of the previous year, surpassing market expectations of EUR 4.35 billion. Exports grew by 2.9% year-on-year to EUR 49.334 billion, mainly driven by stronger sales for pharmaceutical, chemical-medicinal and botanical articles (+35.5%), computers, electronic and optical equipment (+18.2%), and food products, beverages and tobacco (+10.0%). Among trading partners, the largest contributors to the growth were Spain (+15.1%), ASEAN countries (+32.2%), the UK (+14.0%), the Netherlands (+15.0%), and Belgium (+10.6%). Meanwhile, imports rose by 1.7% to EUR 43.353 billion, as purchases increased from non-EU countries (+7.7%). However, arrivals from the EU dropped (-2.4%). In 2024, the country posted a trade surplus of EUR 54.923 billion.