Italy's exports to non-EU27 countries down 5.1% in April 2023: Istat

30 May '23

1 min read

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Insights

Italy saw a 5.1-per cent YoY decrease in exports to non-EU27 countries and a 19.5-per cent YoY drop in imports in April 2023.
In seasonally adjusted terms, exports decreased by 2.1 per cent MoM and imports increased by 13.9 per cent MoM.
The country registered a trade surplus of €1,216 million, marking a significant shift from the deficit seen in April 2022.

Italy’s exports to non-EU27 countries decreased by 5.1 per cent year-on-year (YoY) in April 2023, according to preliminary data by the Italian National Institute of Statistics (Istat). The country’s imports decreased by 19.5 per cent compared with the same month of the previous year.

In April 2023, in seasonally adjusted terms, exports decreased by 2.1 per cent and imports increased by 13.9 per cent compared with March 2023. Over the last three months, seasonally adjusted data, compared with the previous three months, showed a 2.6 per cent decrease in outgoing flows and a 13.4 per cent decrease in incoming flows.

The trade balance with non-EU27 countries registered a surplus of €1,216 million in April 2023, compared to deficit of €2,711 million in April 2022; excluding energy, the surplus was equal to €7,054 million, up compared with a €6,575-million surplus in April 2022.

Fibre2Fashion News Desk (DP)

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