Italian exports show resilience with growth in Dec, imports decline

Exports grew by 3.5 per cent MoM and 1.4 per cent YoY for European Union (EU) countries and by 0.3 per cent MoM and 4.2 per cent YoY for non-EU countries in the month, while imports decreased by 1.3 per cent MoM and 2.4 per cent YoY for EU countries and fell by 0.2 per cent MoM and rose by 7.7 per cent YoY for non-EU countries.

Over the last quarter, both seasonally-adjusted exports and imports increased by 0.8 per cent quarter on quarter (QoQ).

Italy’s exports decreased by 0.4 per cent YoY last year—a drop of 1.9 per cent for EU countries and a rise of 1.2 per cent for non-EU countries, while imports declined by 3.9 per cent YoY—drops of 2.2 per cent and 6.2 per cent for EU and non-EU countries respectively.

The trade surplus in December 2024 was €5,980 million—a deficit of €1,861 million for EU countries and a surplus of €7,842 million for non-EU countries. Excluding energy, the trade surplus amounted to €10,717 million.

The trade surplus last year was €54,923 million compared to a surplus of €34,011 million in 2023; excluding energy, the surplus was €104,478 million compared with a €99,148-million surplus in 2023, an Istat release said.

Import prices increased by 0.3 per cent MoM in December 2024—a 0.6-per cent drop for the euro zone and a 1.2-per cent rise for the non-euro zone. These increased by 0.1 per cent YoY in the month—a 0.7-per cent drop for the euro zone and a 0.9-per cent rise for the non-euro zone. 

In 2024, import prices decreased by 1.5 per cent YoY—a 1.1-per cent decrease for the euro zone and a 2.1-per cent drop for the non-euro zone.

Fibre2Fashion News Desk (DS)