The merchandise trade surplus widened to €4.70 billion in October, the biggest gap since July.

That's after the September surplus was revised downward to €2.39 billion from the originally reported €3.29 billion

Exports increased by 3.8 percent to €53.4 billion in October, the highest since February, while imports increased by 2.8 percent to €49.50. Exports to European Union countries rose by 1.4 percent, while shipments to non-EU nations jumped by 6.5 percent. EU imports increased by 2.4 percent, while non-EU rose by 3.2 percent.

Import prices increased by 1.1 percent between September and October but declined by 10.2 percent over the same period of 2022.

The Italian RPI stands at positive two and the RPI-P at 33, suggesting that inflation is falling much more quickly than forecast, even as the broader economy is performing largely within expectations.

The merchandise trade balance measures the difference between imports and exports of goods. The level of the international trade balance, as well as changes in exports and imports, indicate trends in foreign trade and can offer a guide to an economy's competitiveness.

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.