Italian foreign trade deficit widens with non-EU nations in January 2019

Italian preliminary data for foreign trade with non-EU nations was released earlier today. According to Istat, Italy’s exports to non-EU nations rose 5.5 percent in January, whereas imports were up 5.6 percent on a year-on-year basis.

On a seasonally-adjusted terms, exports were up 5.9 percent, whereas imports dropped 2.6 percent, compared with December 2018. In the past three months, seasonally-adjusted data indicated a 1.3 percent rise in outgoing flows and a 2.8 percent fall in incoming flows in comparison with the previous three months.

Italy recorded a trade deficit of EUR 578 million in January 2019, as compared with the deficit of EUR 526 million seen in January 2018.

Stripping energy, Italy recorded a surplus in the trade balance of EUR 2.726 billion, as compared with the surplus of EUR 2.449 billion in January 2018.

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