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Italy's imports from non-EU27 nations up 26.8% YoY in Nov '22: Istat

26 Dec '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

In November 2022, Italy’s imports from non-European Union (EU27) countries increased by 26.8 per cent, compared to the corresponding month of the previous year, according to the preliminary data from Italian National Institute of Statistics (Istat). The country’s exports rose by 22.5 per cent in November 2022, compared with the same month of the previous year.

Italy’s exports, in seasonally adjusted terms, increased by 8.3 per cent in November 2022, compared to October 2022. The country’s imports declined by 3.4 per cent month-on-month (MoM) in November 2022. During the September to November period in 2022, seasonally adjusted data, compared with the previous three months, showed a 2.6 per cent increase in outgoing flows and a 4 per cent decrease in incoming flows, as per Istat.

The trade balance with non-EU27 countries registered a surplus of €2,011 million in November 2022, compared to the surplus of €2,351 million in November 2021. Excluding energy, the surplus was equal to €10,679 million, up compared with a €8,072-million surplus in November 2021.

Fibre2Fashion News Desk (DP)

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