Italy Balance of Trade

Last Release

Nov 30, 2024

Actual

4,218

Units In

EUR Million

5,153

Frequency

Monthly

Next Release

Feb 17, 2025

Time to Release

30 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
9,550.66 Jul 2020	-9,569 Aug 2022	1,336.67 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 4.218 billion in November 2024 from EUR 3.884 billion in the same month last year, below market expectations of EUR 4.5 billion. Exports fell 2.7% year-on-year to EUR 53.753 billion, due to lower sales of capital goods (-9.9%), intermediate goods (-2.9%) and energy (-2.1%). Among major trading partners, exports fell to Germany (-7.5%), France (-4.5%), and the US (-11%). Meanwhile, imports declined at a faster 3.2% to EUR 49.534 billion, mainly due to intermediate goods (-6.4%), capital goods (-7.9%), and energy (-18.5%). Purchases went down from Germany (-7.7%), France (-1.6%) and the Netherlands (-1.5%).