Italy's exports decrease 2.4% in November 2023

The three-month period leading up to November showed exports remaining stationary and a marginal 0.1 per cent decline in imports when compared to the preceding three months.

Year-on-year figures for November 2023 showed a more pronounced decline, with exports decreasing by 4.4 per cent and imports by 8.9 per cent. Outgoing flows to EU countries decreased by 5.4 per cent, and to non-EU countries by 3.4 per cent. Incoming flows from the EU area increased slightly by 1.3 per cent, but there was a significant 20.7 per cent drop from non-EU areas, as per Istat.

November 2023's trade balance showed a surplus of €3,889 million, a marked improvement from the €2,385 million deficit with EU countries and the €6,274 million surplus with non-EU countries. Excluding energy, the trade balance surplus stood at €8,739 million.

Import prices in November 2023 increased by 0.3 per cent on a monthly basis, with a slight variation between the euro zone (up 0.1 per cent) and the non-euro zone (up 0.4 per cent). Over the last three months, compared to the previous three months, import prices increased by 1.2 per cent, showing a disparity between the euro zone (down 0.3 per cent) and the non-euro zone (up 2.5 per cent).

Year-over-year, import prices in November 2023 saw a decrease of 9.4 per cent, with a minus 2.5 per cent change for the euro zone and a substantial minus 15.1 per cent for the non-euro zone.

ALCHEMPro News Desk (DP)