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Italy's trade surplus reaches €3.65B in April

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Italy's trade surplus reaches €3.65B in April

Italy's seasonally adjusted trade surplus reached €3.65 billion in April, according to National Institute for Statistics data.

Exports edged up 0.1% from March to €38.28 billion, while imports were up 0.7% to €34.63 billion. The total trade balance in March was downwardly revised to about €3.8 billion, Econoday said.

Exports to EU countries went up 0.9% to €21.52 billion, while imports contracted 0.4% to €20.50 billion, yielding a trade surplus of €1.01 billion. Exports to non-EU countries were down 0.9% to €16.77 billion, while imports gained 2.4% to €14.13 billion.

For the three months to April, exports and imports slipped 1.5% and 1.1%, respectively, compared with the prior three-month period.

On a nonseasonally adjusted basis, April exports rose 6.6% year over year to €36.25 billion, while imports increased 9.6% to €33.31 billion, leading to a trade surplus of €2.94 billion.