Italy records dip in exports, spike in non-EU imports in Apr 2023

20 Jun '23

2 min read

Pic: Shutterstock/Avigator Fortuner

Insights

Italy saw a 1.7 per cent drop in exports and a 5.3 per cent rise in imports in April 2023, as per the Italian National Institute of Statistics.
Non-EU countries showed 13.9 per cent growth in imports but a 2.0 per cent decline in exports.
Exports and imports saw a 2.2 per cent and 6.5 per cent drop over the previous three months, respectively.

Italy’s seasonally-adjusted data, compared to March 2023, decreased by 1.7 per cent for exports and increased by 5.3 per cent for imports in April 2023. Exports towards European Union (EU) countries decreased by 1.5 per cent and declined by 2.0 per cent for non-EU countries. Imports increased for non-EU countries by 13.9 per cent and decreased slightly for EU countries by 0.6 per cent.

Over the last three months, seasonally-adjusted data, compared to the previous three months, dropped both for exports at 2.2 per cent and for imports at -6.5 per cent, the Italian National Institute of Statistics (Istat) said in a press release.

In April 2023, compared with the same month of the previous year, the country’s exports decreased by 5.4 per cent and imports dropped by 12.3 per cent. Outgoing flows decreased by 5.7 per cent for EU countries and by 4.9 per cent for non-EU countries. Incoming flows decreased by 5.6 per cent for the EU area and dropped by 19.4 per cent for the non-EU area.

In April 2023, trade balance registered a surplus of €318 million, which was a -€921 million deficit for EU countries and €1,239 million surplus for non-EU countries. Excluding energy, trade balance surplus reached €6,047 million.

In April 2023, import prices decreased by 1.0 per cent on a monthly basis, which was at -0.3 per cent for the euro zone and -1.6 per cent for the non-euro zone. Over the last three months, compared to the previous three months, import prices decreased by 5.6 per cent, which was at -0.5 per cent for the euro zone and -10.1 per cent for the non-euro zone.

Import prices, compared to the same month a year ago, decreased by 6.2 per cent in April 2023, which was 1.3 per cent for the euro zone and -12.3 per cent for the non-euro zone.

Fibre2Fashion News Desk (NB)

More Textiles News - Italy...