In the former eleven months of 2014 Italy has registered a foreign trade surplus of 37,1 billion euro, against 25,8 billion in the same period of the previous year. In particular, exports recorded a tendential growth of 1,6% (+2,2% net of energy products). Istat communicated it this morning, specifying that only in November the surplus was 3,5 billion (against three billion in November 2013), while net of energy the balance was positive by 6,9 billion.
On a monthly basis, November a decline was noted for both foreign trade flows, but larger for exports (-1,1%) than for imports (-0,1%). On year respectively +1,7% and no change.
The cyclical decrease in exports is determined by a more marked decline in sales to non-EU markets (-1,7%) compared to those in the EU area (-0,6%). Net of energy products, the decline is more contained (-0,3%). Only durable consumer goods are expanding (+3,1%).
The month-on-month decline in imports it is the synthesis of the decrease in purchases from the EU area (-1,6%) and the increase of those from the non-EU area (+1,9%). The decrease in imports is determined by energy products (-1,6%) and intermediate products (-0,8%).
In November, the growth trend of exports it is very strong for Belgium (+22,6%) and Poland (+22%). Asean (+19,7%) and the United States (+14,9%) are also booming. There was marked growth in sales of means of transport, excluding motor vehicles (+18,8%) and motor vehicles only (+13,2%). Purchases from Switzerland (+21,2%) and China (+20,5%) and means of transport, excluding motor vehicles (+21,5%) and agricultural, forestry and fishing products (+15,1 %), are growing rapidly.
always today, Coldiretti has published an analysis on the basis of Istat data relating to November, emphasizing that on an annual basis they are exports of Made in Italy products to Russia collapsed by 23%.. The thud is due to the joint effect of the embargo on agri-food products and the sharp slowdown of the Russian economy, with the depreciation of the ruble confirmed by the update of the World Economic Outlook published today by the International Monetary Fund (IMF), which also cut Moscow's GDP estimates.
