Italy’s trade surplus widens – Istat
Italy’s trade increased by 3.0% for exports and decreased by 0.3% for imports in July 2013, compared with the same month of 2012, according to the Italian national institute of statistics Istat.
This result pushed the Italian trade surplus up to €5.948bn, up from €4.733bn a year ago.
Italy’s Istat has released data on Italy’s foreign trade as well as unit value and volume indices (base year 2010=100) referring to July 2013.
In July 2013 seasonally-adjusted data showed a decrease for exports (-2.3%) and an increase for imports (+0.4%) compared with the same period last year.
Exports decreased for both EU market (-2.5%) and non EU market (-2.0%), according to Istat’s report.
Looking at imports, growth came as a result of an increase of trade with non EU countries (+1.6%) and of a decrease of trade with EU countries (-0.6%).
Over the last three months, seasonally-adjusted data, in comparison with the previous three months, showed an increase of 0.9% for outgoing flows and a drop of 0.2% for incoming flows.