Italy's exports rise by 0.6% MoM in January, imports up 3.2%

The country’s exports rose by 1.8 per cent MoM for EU countries and fell by 0.6 per cent MoM for non-EU countries. Imports increased by 2.8 per cent MoM for EU countries and 3.6 per cent MoM for non-EU countries.

Over the last quarter, both seasonally-adjusted exports and imports increased by 2.2 per cent quarter on quarter (QoQ), a release from Istat, the official statistical agency, said.

Exports rose by 2.5 per cent year on year (YoY) and imports by 8.8 per cent YoY in January. These increased by 1.9 per cent YoY for EU countries and 3.3 per cent for non-EU countries. Imports grew by 2.2 per cent YoY for the EU area and 18 per cent YoY for the extra-EU area in the month.

The country’s trade deficit was €264 million in January—€635-million deficit for EU countries and €370-million surplus for non-EU countries.

Import prices increased by 0.4 per cent MoM in January—by 0.2 per cent for the eurozone and 0.5 per cent for the non-eurozone. Over the last three months, import prices increased by 0.2 per cent QoQ—a 0.5-per cent drop for the eurozone and a 0.8-per cent rise for the non-eurozone.

Import prices rose by 1.4 per cent YoY in the month—a 0.1-per cent drop for the eurozone and a 2.7-per cent rise for the non-eurozone.

Fibre2Fashion News Desk (DS)