Italy's exports fall by 7.7% YoY in Jul, imports by 19.4% YoY

17 Sep '23

1 min read

Pic: Shutterstock

Insights

Italy's seasonally-adjusted exports and imports fell by 7.7 per cent and 19.4 per cent year on year (YoY) respectively in July.
Exports to EU nations fell by 8.7 per cent YoY during the month, while the fall was 6.7 per cent YoY for non-EU nations.
Imports from EU nations fell by 5.7 per cent YoY, while from non-EU nations, there was a 31.8 per cent YoY drop.

Italy’s seasonally-adjusted exports and imports decreased by 1.8 per cent and 4.7 per cent month on month (MoM) respectively in July this year, according to official data. Exports decreased by 7.7 per cent and imports by 19.4 per cent year on year (YoY) during the month.

Exports to European Union (EU) countries decreased by 1.5 per cent MoM and 8.7 per cent year on year during the month, while to non-EU countries, it fell by 2.2 per cent MoM and 6.7 per cent YoY.

Imports from EU countries dropped by 6.3 per cent MoM and 5.7 per cent YoY, while from non-EU countries, it fell by 2.5 per cent MoM and 31.8 per cent YoY during the month.

Over three months from May to July this year, seasonally-adjusted data dropped both for exports (minus 2.5 per cent) and for imports (minus 4.1 per cent) compared to the previous three months.

Trade balance registered a surplus of €6.375 million in July—€1,331 million surplus for EU countries and €5,044 million surplus for non-EU countries. Excluding energy, trade balance surplus reached €11,196 million.

Fibre2Fashion News Desk (DS)

More European Union News... More Textiles News - Italy...