Italy's exports & imports declined in March 2023: Istat

20 May '23

2 min read

Insights

In March 2023, Italy's exports fell by 2.3 per cent MoM, with a steeper drop in imports at 6.5 per cent MoM; both EU and non-EU imports also declined.
Although there was no change in exports over the last three months compared to the previous quarter, imports fell by 8 per cent.
Exports grew by 4.7 per cent YoY and imports fell by 9.8 per cent YoY.

In March 2023, Italy’s seasonally adjusted data, decreased by 2.3 per cent month-on-month (MoM) for exports and by 6.5 per cent MoM for imports. Exports towards European Union (EU) countries decreased by 0.1 per cent and by 4.5 per cent for non-EU countries. Imports decreased both for EU countries and non-EU countries at -1.7 per cent and -12.8 per cent, respectively.

Over the last three months, seasonally adjusted data, compared to the previous three months, remained unchanged for exports and dropped at -8.0 per cent for imports, the Italian National Institute of Statistics (Istat) said in a press release.

In March 2023, compared with the same month of the previous year, exports grew by 4.7 per cent and imports decreased by 9.8 per cent. Outgoing flows increased by 3.0 per cent for EU countries and by 6.8 per cent for non-EU countries. Incoming flows rose by 6.1 per cent for EU area and decreased by 28.0 per cent for non-EU area.

In March 2023, trade balance registered a surplus of €7,541 million; - €916 million deficit for EU countries and €8,457 million surplus for non-EU countries. Excluding energy, trade balance surplus reached €12,869 million.

In March 2023, import prices decreased by 1.4 per cent on monthly basis; -0.4 per cent for the euro zone, -2.4 per cent for the non-euro zone. Over the last three months, compared to the previous three months, import prices decreased by 6.2 per cent; -0.3 per cent for the euro zone, -10.9 per cent for the non-euro zone.

Import prices, compared to the same month a year ago, decreased by 2.6 per cent in March 2023; 3.0 per cent for the euro zone and -7.1 per cent for the non-euro zone.

Fibre2Fashion News Desk (NB)

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