Italy's trade with non-EU27 countries decreases in December 2023

Despite this annual decrease, December 2023 showed some positive trends in a month-on-month comparison. Seasonally adjusted data indicates that exports increased by 0.9 per cent, and imports decreased by 2.5 per cent compared with November 2023. Additionally, over the last three months, compared with the previous three months, there was a 2.3 per cent increase in outgoing flows and a 0.2 per cent increase in incoming flows.

In terms of trade balance with non-EU27 countries, December 2023 marked a significant improvement. Italy registered a trade surplus of €8,335 million, a substantial increase compared with a surplus of €4,007 million in December 2022. However, excluding energy, the trade surplus was slightly down, standing at €13,245 million, compared to a €13,247-million surplus in December of the previous year, as per Istat.

ALCHEMPro News Desk (DP)