Italy's exports fall by 7.7% YoY in Jul, imports by 19.4% YoY

Exports to European Union (EU) countries decreased by 1.5 per cent MoM and 8.7 per cent year on year during the month, while to non-EU countries, it fell by 2.2 per cent MoM and 6.7 per cent YoY.

Imports from EU countries dropped by 6.3 per cent MoM and 5.7 per cent YoY, while from non-EU countries, it fell by 2.5 per cent MoM and 31.8 per cent YoY during the month.

Over three months from May to July this year, seasonally-adjusted data dropped both for exports (minus 2.5 per cent) and for imports (minus 4.1 per cent) compared to the previous three months.  

Trade balance registered a surplus of €6.375 million in July—€1,331 million surplus for EU countries and €5,044 million surplus for non-EU countries. Excluding energy, trade balance surplus reached €11,196 million.

ALCHEMPro News Desk (DS)