Italy Balance of Trade

Last Release

Oct 31, 2024

Actual

5,153

Units In

EUR Million

2,580

Frequency

Monthly

Next Release

Jan 16, 2025

Time to Release

28 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
9,550.66 Jul 2020	-9,569 Aug 2022	1,329.58 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 5.153 billion in October 2024, up from EUR 4.732 billion in the same month last year, significantly exceeding the expected EUR 3.22 billion. This marks the largest trade surplus in three months, as exports grew faster than imports. Year-on-year, exports rose by 1.6%, with sales increasing to EU countries (+3.7%) but declining to non-EU countries (-0.7%). Turkey recorded the most notable export growth (+33.5%), followed by the UK (+10.8%) and Belgium (+10.3%). Among products, shipments increased for sporting goods (+35.8%), food, beverages, and tobacco (+10.5%), and pharmaceutical and chemical products (+11.5%). Meanwhile, imports edged up 0.4%, as a decline in purchases from non-EU countries (-4%) nearly offset higher arrivals from EU countries (+3.9%). Considering January to October, the trade surplus rose to EUR 45 billion from EUR 24.6 billion in the corresponding period in the prior year.