Italy Balance of Trade

Last Release

Sep 30, 2024

Actual

2,580

Units In

EUR Million

1,430.85

Frequency

Monthly

Next Release

Dec 17, 2024

Time to Release

30 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
9,550.66 Jul 2020	-9,569 Aug 2022	1,320.14 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 slightly to EUR 2.580 billion in September 2024 from EUR 2.393 billion last year, broadly in line with market expectations of EUR 2.55 billion. Imports fell 3.2% from the previous year to EUR 47.929 billion, primarily due to capital goods (-2.1%) and energy (-34.6%). Purchases fell from France (-0.4%), the US (-17%), and Switzerland (-17.9) but rose from China (17.4%). At the same time, exports went down by 2.2% to EUR 50.508 billion, due to lower sales of capital goods (-6.7%), intermediate goods (-0.6%) and energy (-44.4%). Sales declined to Germany (-4.6%), France (-1.1%) and the US (-13.4%).