The country’s exports to European Union (EU) countries declined by 5 per cent MoM and rose by 3.7 per cent YoY, while those to non-EU countries increased by 3.3 per cent MoM and 8.2 per cent YoY.
Imports from EU countries grew by 1.2 per cent MoM and 6.8 per cent YoY, while incoming flows from non-EU countries fell by 1.1 per cent MoM and rose by 8.8 per cent YoY.
In the first quarter (Q1) this year, seasonally-adjusted data increased month on month (MoM) for both exports and imports by 4.6 per cent and 4.7 per cent respectively.
In March, trade balance registered a surplus of €3,657 million—€2,453-million deficit for EU countries and €6,110-million surplus for non-EU countries. Excluding energy, trade balance surplus amounted to €7,551 million, an Istat release said.
Import prices decreased in March by 1 per cent on a monthly basis—minus 0.5 per cent for the euro zone and minus 1.3 per cent for the non-euro zone. Over the last three months, compared to the previous three months, import prices increased by 0.7 per cent—minus 0.4 per cent for the euro zone and plus 1.6 per cent for the non-euro zone.
Import prices increased by 0.6 per cent YoY in March—minus 0.6 per cent for the euro zone and plus 1.6 per cent for the non-euro zone.
ALCHEMPro News Desk (DS)
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