Italian exports fall 0.5% MoM, grow 6.8% YoY in July 2024

The country’s exports decreased by 0.2 per cent MoM and increased by 6 per cent for European Union (EU) countries, and decreased by 0.7 per cent MoM and increased by 7.6 per cent YoY for non-EU countries in July.

Imports increased by 0.5 per cent MoM and 7.9 per cent YoY for EU countries and by 1.9 per cent MoM and 4.4 per cent YoY for non-EU countries, a release from official statistical agency Istat said.

Over the last quarter, seasonally-adjusted data decreased for both exports (by 2.8 per cent) and imports (by 0.5 per cent).

The country’s trade surplus in July was €6,743 million—€642 million surplus for EU countries and €6,101 million surplus for non-EU countries. Excluding energy, the trade surplus was €11,535 million.

In July, import prices increased by 0.5 per cent MoM—a drop of 0.1 per cent for the euro zone and a rise of 0.2 per cent for the non-eurozone. Over the last three months, import prices rose by 1.0 per cent quarter on quarter (QoQ)—0.5 per cent for the euro zone and 1.5 per cent for the non-eurozone.

Italy’s import prices increased by 1.3 per cent YoY—a drop of 0.1 per cent for the euro zone and a rise of 2.7 per cent for the non-eurozone.

Fibre2Fashion News Desk (DS)