| Actual | Previous | Revised | |
|---|---|---|---|
| Level | €4.64B | €4.44B | €4.32B |
Highlights
The seasonally adjusted trade balance was in a €4.64 billion surplus in July, up from June's smaller revised €4.32 billion.
Exports to the European Union were unchanged from June and increased 2.4 percent to non-EU countries, raising total exports 1.2 percent. Imports from the EU countries declined 1.2 percent but increased 3.1 percent from non-EU countries, putting total imports up 0.7 percent versus June.
The unadjusted year-over-year data showed total exports were up 7.3 percent while imports increased 6.1 percent. Exports to EU countries increased 4.8 percent, while exports to non-EU markets grew 9.9 percent. Imports from the EU increased 0.8 percent, and imports from non-EU countries increased 13.1 percent. Meanwhile, the unadjusted trade balance was in a €7.91 billion surplus in July, up from €5.38 billion surplus in July 2024.
Trade with the US increased in July, with exports rising 24.1 percent compared to July 2024 in a likely bid to get ahead of the tariffs. Imports from the US rose an impressive 101 percent and the trade balance was 2.89 billion euros.
Lastly month-over-month, import prices increased 0.3 percent and decreased 3.0 percent year-over-year.
Exports to the European Union were unchanged from June and increased 2.4 percent to non-EU countries, raising total exports 1.2 percent. Imports from the EU countries declined 1.2 percent but increased 3.1 percent from non-EU countries, putting total imports up 0.7 percent versus June.
The unadjusted year-over-year data showed total exports were up 7.3 percent while imports increased 6.1 percent. Exports to EU countries increased 4.8 percent, while exports to non-EU markets grew 9.9 percent. Imports from the EU increased 0.8 percent, and imports from non-EU countries increased 13.1 percent. Meanwhile, the unadjusted trade balance was in a €7.91 billion surplus in July, up from €5.38 billion surplus in July 2024.
Trade with the US increased in July, with exports rising 24.1 percent compared to July 2024 in a likely bid to get ahead of the tariffs. Imports from the US rose an impressive 101 percent and the trade balance was 2.89 billion euros.
Lastly month-over-month, import prices increased 0.3 percent and decreased 3.0 percent year-over-year.
Definition
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.
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.
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.
