Over the last three months, seasonally adjusted data, compared to the previous three months, increased slightly for exports at 0.3 per cent and decreased for imports at -2.0 per cent, according to the Italian National Institute of Statistics (ISTAT).

In August 2023, compared with the same month of the previous year, exports rose by 2.5 per cent and imports dropped by -20.9 per cent. Outgoing flows decreased by -3.7 per cent for EU countries while rose by 8.9 per cent for non-EU countries. Incoming flows fell by -6.6 per cent for the EU area and dropped by -32.6 per cent for the non-EU area.

In August 2023, trade balance registered a surplus of €2,070 million, while there was a -€1,011 million deficit for EU countries and €3,081 million surplus for non-EU countries. Excluding energy, trade balance surplus was equal to €6,612 million.

In August 2023, import prices decreased by 0.3 per cent on a monthly basis; -0.4 per cent for the euro zone, -0.1 per cent for the non-euro zone. Over the last three months, compared to the previous three months, import prices decreased by 2.2 per cent; -1.4 per cent for the euro zone, -3.0 per cent for the non-euro zone.

Import prices, compared to the same month a year ago, fell by 12.7 per cent in August 2023; -3.3 per cent for the euro zone, -20.1 per cent for the non-euro zone.

Fibre2Fashion News Desk (NB)