Italy’s exports down by 0.1% in 2013 – Istat

Italy’s export volumes decreased by 0.1% in 2013 compared with 2012, while imports curbed by 5.5%, the latest report from Italian National Institute of Statistics (Istat) has revealed.

Italian foreign trade was stuck in 2013 compared with 2012, having decreased by 0.1%. Imports, however, registered the most worrying result shrinking by 5.5% throughout 2013 compared with the previous year. Istat pointed out that this was the worst result since 2009.

Exports proved to be positive towards non-EU countries (+1.3%) and negative towards EU countries (-1.2%) during the year. Exports volumes were negative both on the sales and buy side by 1.2% and 3.7% respectively, Istat said.

Despite the overall negative result, December proved to be a positive month, with the percentage change of exports increasing by +5.1% reflecting a growth in sales for both European (+3.5%) and non-European markets (+7.1%).

The growth in imports (+3.6%) is due to the growth in purchases by non-European countries (+6.8%). In the quarter (October-December 2013), exports’ increase (+0.9%) is mainly due to a rise in sales to EU countries (+1.2%). The fall in imports (-1.7%) is principally due to a reduction of purchases of goods from non-EU countries (-2.0%), Istat also highlighted.

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