Italy's seasonally-adjusted Oct exports up 3%, imports down 9.2% YoY

17 Dec '23

2 min read

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Italy's seasonally-adjusted exports rose by 3.8 per cent and imports increased by 2.8 per cent month on month (MoM) in October, official statistics show.
Exports increased by 3 per cent year on year (YoY) and imports fell by 9.2 per cent YoY in the month.
Import prices increased by 1.1 per cent MoM and decreased by 10.2 per cent YoY in the month.

Italy’s seasonally-adjusted exports increased by 3.8 per cent and imports increased by 2.8 per cent month on month (MoM) in October this year. Exports increased by 3 per cent year on year (YoY) and imports fell by 9.2 per cent YoY in the month.

The country’s exports to European Union (EU) countries rose by 1.4 per cent MoM and those to non-EU countries by 6.5 per cent MoM. Imports from EU nations increased by 2.4 per cent MoM and those from non-EU nations rose by 3.2 per cent MoM.

Over the last three months, seasonally-adjusted exports rose by 2.4 per cent quarter on quarter (QoQ) and imports rose slightly by 0.5 per cent QoQ.

Trade balance registered a surplus of €4,699 million (€684 million deficit for EU countries and €5,383 million surplus for non-EU countries) in October, official statistics agency Istat said in a release.

Import prices increased by 1.1 per cent MoM in October (0.1 per cent for the euro zone and 1.8 per cent for non-euro countries). Over the last three months, import prices increased by 0.1 per cent QoQ (minus 0.8 per cent for the euro zone and 0.9 per cent for non-euro countries).

Import prices decreased by 10.2 per cent YoY in the month (minus 2.9 per cent for the euro zone and minus 16.1 per cent for non-euro nations).

ALCHEMPro News Desk (DS)

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