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2026-07-16 17:30:11
[Italy's Trade Surplus Narrows to €4.8 Billion in May, with Both Imports and Exports Rising] ⑴ Italy's trade surplus narrowed to €4.8 billion in May from €6.1 billion in the same period last year, but was higher than the market expectation of €4.5 billion. ⑵ Exports rose 4.1% year-on-year to €57.4 billion, with strong performances in base metals and metal products (excluding machinery) (+26.2%), coke and refined petroleum products (+62.0%), transport equipment (excluding automobiles) (+20.6%), and automobiles (+13.9%); exports of pharmaceuticals and plant products declined by 9.7%. ⑶ Imports rose 7.3% to €51.6 billion, mainly driven by a surge in purchases of crude oil and refined petroleum products, while declines in other goods limited the overall growth rate; imports from non-EU markets rose 15.5%, far exceeding the 1.3% increase in imports from the EU market.
