IT: Merchandise Trade


Wed Aug 12 03:00:00 CDT 2015

Consensus Actual Previous
Level E3.98B E2.81B E4.3B

Highlights
The June merchandise trade surplus was E2.8 billion. Seasonally adjusted exports slid 0.6 percent while imports were up 4.3 percent. Exports to the EU increased 0.5 percent while those to non-EU countries were down 1.9 percent. Imports increased from both the EU (3.5 percent) and non-EU countries (5.4 percent).

On the year, exports were up 9.4 percent and imports gained 12.2 percent. Exports increased 10.1 percent for EU countries and by 8.7 percent for non EU countries. Imports from the EU jumped 14.3 percent and by 9.4 percent for non-EU area.

Definition
Merchandise trade balance measures the difference between imports and exports of both tangible goods and services. The level of the international trade balance, as well as changes in exports and imports, indicate trends in foreign trade. The goods balance is the main market focus.

Description
Changes in the level of imports and exports, along with the difference between the two (the trade balance) are a valuable gauge of economic trends here and abroad. While these trade figures can directly impact all financial markets, they primarily affect currency values in foreign exchange markets.

Separate reports are published for external and internal EU trade. The extra-EU trade data are compiled on the basis of customs declarations with non-EU countries. The intra-EU trade data (Intrastat) are derived from surveys and provide statistics on trade between Italy and other EU member states. The data are available monthly. World trade data are available within one month after the reference month while intra-EU trade data are available within 7 weeks after the reference month.