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%). source: National Institute of Statistics (ISTAT)

Italy recorded a trade surplus of 2580 EUR Million in September of 2024. Balance of Trade in Italy averaged 1259.85 EUR Million from 1991 until 2024, reaching an all time high of 9550.66 EUR Million in July of 2020 and a record low of -9558.37 EUR Million in August of 2022. This page provides the latest reported value for - Italy Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.

Italy recorded a trade surplus of 2580 EUR Million in September of 2024. Balance of Trade in Italy is expected to be 11900.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Balance of Trade is projected to trend around 14700.00 EUR Million in 2025 and 4900.00 EUR Million in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-17 09:00 AM
Balance of Trade
Aug €1.431B €6.817B €5.55B €4.1B
2024-11-15 10:00 AM
Balance of Trade
Sep €2.58B €1.431B €2.55B €2.4B
2024-12-17 09:00 AM
Balance of Trade
Oct €2.58B


Related Last Previous Unit Reference
Balance of Trade 2580.00 1431.00 EUR Million Sep 2024
Exports 50508.00 39144.70 EUR Million Sep 2024
Imports 47929.00 37713.86 EUR Million Sep 2024
Terms of Trade 103.90 105.60 points Sep 2024
Tourist Arrivals 8606166.00 9084364.00 Persons Sep 2024

Italy Balance of Trade
Italy consistently records trade surpluses, although soaring energy costs in 2022 inflated the price of purchases and drove the Italian economy to import more than it exports during a short period. Italy’s main exports include base metals, chemicals, transportation equipment, and pharmaceutical goods, while the main imports are machinery and energy. The largest exporting partners are France, Germany, and the United States, while the main importing partners are Germany, France, China, and OPEC nations.
Actual Previous Highest Lowest Dates Unit Frequency
2580.00 1431.00 9550.66 -9558.37 1991 - 2024 EUR Million Monthly
Current Prices, NSA


News Stream
Italy Trade Surplus Edges Up
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%).
2024-11-15
Italy Trade Surplus Unexpectedly Narrows
Italy posted a trade surplus of EUR 1.431 billion in August of 2024, significantly below market expectations of EUR 5.55 billion to reach a new 15-month low, and down from a surplus of EUR 1.951 billion in the same period of the previous year. Imports fell by 5.7% from the previous year to EUR 37.714 billion, primarily driven by strong declines in purchases of crude oil (-30.1%) and coke and refined petroleum products (-28.5%), as oil prices moderated. Moreover, there were also reductions in imports of transport vehicles (-14.9%), electrical equipment (-7.6%), and computers, electronic and optical devices (-6.7%). At the same time, exports tumbled by 6.7% to EUR 39.145 billion, due to lower sales of transport vehicles (-35.4%), coke and refined petroleum products (-32.7%), and textile products, clothing, leather, and accessories (-8.3%).
2024-10-17
Italy Posts Largest Trade Surplus In 3 Years
Italy posted a trade surplus of EUR 6.743 billion in July of 2024, the largest in three years, widening from the EUR 6.108 billion surplus from the corresponding period of the previous year, and firmly above the market consensus of EUR 4.5 billion. Exports increased by 6.8% to EUR 57.176 billion, with notable increases in sales of pharmaceutical articles (21.4%), food products and beverages (15.7%), and chemicals (15.3%). In turn, imports rose by 6.3% to EUR 50.433 billion, as declines in purchasing turnover of clothing (-7.2%) and natural gas (-6.5%) slightly offset increases in pharmaceutical articles (24.6%), food products and beverages (16.2%), and chemicals (15.9%).
2024-09-16