Italy Balance of Trade

Italy’s trade surplus narrowed to EUR 8.762 billion in July of 2021 from EUR 9.689 billion in the corresponding month of the previous year. Still, it was the largest surplus in a year. Exports grew by 16.1 percent from a year earlier to EUR 48.964 billion, driven intermediate goods (20.8 percent), capital goods (19.7 percent), and consumer goods (5.6 percent). Sales to EU countries advanced by 14.9 percent, while those to non-EU countries edged up by 17.4 percent. Meanwhile, imports jumped by 23.8 percent to EUR 40.202 billion, driven by intermediate goods (42.9 percent), consumer durables (44.6 percent), and capital goods (16.5 percent). Imports from within the EU rose by 23.2 percent, while those from outside the EU rose by 24.4 percent.