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Istat: trade balance in June at the highest since 2005, +2,5 billion

The result was produced by a greater decline in imports (-5,3%) than in exports (-1,4%) - In the first six months of the year the trend growth in exports was 4,2%. while imports are reduced by 5,8%, for a trade balance close to balance (-85 million).

Istat: trade balance in June at the highest since 2005, +2,5 billion

Italy's trade balance recorded a surplus of €2,5 billion in June, the highest since July 2005. it detects theIstat, emphasizing that the data concerns both non-EU countries (+1,5 billion) and EU countries (+1 billion). The result was produced by a greater bending for imports (-5,3%) compared to exports (-1,4%).

In the first six months of the year, the growth trend in exports was 4,2%, while imports are reduced by 5,8%. In the same period, the trade balance, supported by the strong surplus in the trade of non-energy products (+32,6 billion), was close to balance (-85 million). In particular, the surplus in trade in capital goods contributed over 70% to the surplus recorded for products other than energy.

In June, on an annual basis, the most dynamic markets for exports were the Japan (+38,0%), the United States (+35,4%) and Opec countries (+33%). Sales of sporting goods, games and jewels (+17,8%), refined petroleum products (+16,7%) and pharmaceuticals (+16,1%) are up.

There was a marked decline in imports from India (-44,2%) and Mercosur countries (-33,4%), while purchases from Opec countries showed strong growth (+25,3%). Purchases of motor vehicles (-26,3%), textiles (-19,6%) and base metals and metal products (-14,9%) recorded a significant contraction. The increase in sales of metals and metal products in Switzerland, Opec countries and the United States has produced almost a fifth of the trend increase in exports.

 

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