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Italy's trade surplus declines in January

Italy's seasonally adjusted trade surplus narrowed to €4.20 billion in January 2018 from €5.25 billion in December 2017 as exports declined 2.5% and imports fell 4.4% from the previous month.

Exports to EU countries were down 1.5%, and imports decreased 4.6%, resulting in a trade surplus with EU countries of €819 million. Italy's trade surplus with non-EU countries was €3.38 billion in January.

On an unadjusted basis, Italy's exports rose 9.5% from a year earlier largely due to higher exports of consumer goods and intermediate goods. Imports increased 7.8% primarily because of higher imports of capital goods and consumer goods. The country's trade deficit was €87 million in January.

Italy's total import price index, a measure of evolution of prices for industrial products bought by industrial and commercial enterprises, increased by 0.4% in January from the previous month and was up 1.5% from a year ago.