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Italy's March non-EU trade surplus grows

Staff writer |
Italy's non-EU trade surplus in March increased from last year, data from the statistical office Istat showed. Exports to non-EU countries decreased by 3.5 percent year-on-year.

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The trade surplus advanced to EUR 2.70 billion in March from EUR 2.53 billion last year. In February, the country logged a surplus of EUR 1.37 billion, while there was a deficit of EUR 897 million in January.

Exports to non-EU countries decreased by 3.5 percent year-on-year in March and imports also declined by 5.4 percent compared to the same month last year.

Compared to February, exports fell by 1.2 percent and imports dropped by 3.2 percent in March.

In the first quarter, the trade surplus grew to EUR 3.17 billion from EUR 814 million a year ago. Exports declined 2.1 percent and imports shrunk 7.7 percent.

Excluding energy, trade surplus fell to EUR 13.49 billion from EUR 14.55 billion last year.

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