ITALY MARCH NON-EU EXPORTS SOAR 15.1% YEAR-ON-YEAR

ITALY MARCH NON-EU EXPORTS SOAR 15.1% YEAR-ON-YEAR

Italy's trade surplus with non-European Union countries rose to €4.143 billion in March from €4.033 billion the year earlier, according to data from statistics agency ISTAT, bolstered by a strong euro, a good performance from China and the recovery of Russia.

Excluding energy products, the surplus amounted to €7.024 billion, up from €6.024 billion the year earlier.

Compared to the month earlier, exports of Italian goods to non-EU countries were up 6.5% in March while imports were 0.5% higher.

Year on year, exports were up 15.1%, with a 14.1% rise on a workday adjusted basis. Imports rose an annual 19.1%, as energy imports soared 44.3%.

On an annual basis, Italian exports to China rose 32.3% while those to Asean countries increased 31.1% and those to Mercosur countries grew 23.4%.

Exports to Russia increased 21.2% while those to Japan were up 18.0%, to Switzerland up 12.2%, to Turkey up 11.8% and to the US up 10.9%.

Exports to Opec countries fell 3.2%. Imports from Opec countries instead soared 62.1% while those from the US were up 42.2%, those from India up 32.6% and those from Turkey 26.0% higher.

Imports from Switzerland increased 19.9% while those from Mercosur countries were up 15.2% and those from Japan 13.8% higher.

Asean and Chinese imports rose 8.8% and 3.0%, respectively. Imports from Russia declined 10.8%.

 

Source:ilsole24ore.com

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