Italian trade surplus expanded in July
- Buz Traders Italian trade surplus Trade surplus in Italy expanded to €2.91 billion in July. Italy had posted a revised trade surplus of €1.20 billion in the prior month.
- as capital goods shipments grew 9 percent and sales of consumer goods increased by 6.7 percent. Also, exports of intermediate goods and energy products grew 3.6 percent and 1.2 percent, respectively.
- It was the highest value ever recorded, as exports reached an all time high while imports rose at a slower pace.
Year-on-year, exports rose by 6.3 percent to €41.06 billion
Italian trade surplus The biggest increases in shipments were reported for Belgium (+42.3 percent), the US (+22.9 percent), Turkey (+14.9 percent), South Korea, Hong Kong, Malaysia, Singapore, Taiwan and Thailand (+14.1 percent), Spain (+10.1 percent). Sales to Russia and Japan declined 34.7 percent and 4.7 percent, respectively.
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Italian trade surplus
Imports increased by 4.2 percent to €33.03 billion, boosted by a 16.4 percent increase in purchases of capital goods. Imports of intermediate goods and consumer goods also expanded by 5 percent and by 4 percent each. By contrast, energy products purchases fell 12.9 percent.
The increase in imports mainly reflected the strong growth in purchases from Belgium (+23.3 percent), Poland (+22.5 percent), South Korea, Hong Kong, Malaysia, Singapore, Taiwan and Thailand (+19.8 percent), Czech Republic (+17.9 percent) and ASEAN countries (+17.2 percent). Meanwhile purchases from India (-14.4 percent) and OPEC countries (-4.2 percent) fell the most.
On a seasonally adjusted monthly basis, exports contracted 0.4 percent while imports shrank 3.7 percent.
So far this year, Italy posted a €26.48 billion surplus.Click here for reuse options!
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