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2025-12-16 18:59:06
[Italy's October Trade Surplus Narrows Less Than Expected] ⑴ Italy's trade surplus narrowed to €4.16 billion in October, compared to €4.62 billion in the same period last year, but was higher than the market expectation of €3.22 billion, as export growth lagged behind import growth. ⑵ Exports increased by 2.3% year-on-year to €58.56 billion, mainly supported by increased sales to the EU market (0.5%) and non-EU markets (4.1%). ⑶ The sectors contributing most to export growth were pharmaceuticals, pharmaceutical chemicals and plant products (18.5%) and basic metals and metal products (excluding machinery and equipment, 13.7%). ⑷ Among major trading partners, exports to Switzerland (34.9%), the United States (9.7%), OPEC countries (15.8%), Spain (7.3%), and France (3.7%) saw the most significant growth. (5) Meanwhile, imports grew even faster, increasing by 3.4% year-on-year to €54.41 billion, with purchases from non-EU markets (up 4.2%) exceeding those from the EU market (up 2.7%). (6) From January to October this year, the country's trade surplus was €39.6 billion, roughly the same as the €39.8 billion in the same period of 2024.
