In 2013, the value of merchandise exports of Italy increased slightly by 2.4 percent to reach 513.7 bln US$, while its merchandise imports decreased slightly by 2.6 percent to reach 476.4 bln US$ (see graph 1, table 2 and table 3). Despite growth since 2009, the value of exports was still less than its peak in 2008 at 541.8 bln US$. The merchandise trade balance recorded a relatively small surplus of 37.3 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at 25.4 bln US$ (see graph 4). Merchandise exports in Italy were diversified amongst partners; imports were also diversified. The top 29 partners accounted for 80 percent or more of exports and 25 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Italy decreased slightly by 2.2 percent, reaching 105.2 bln US$, while its imports of services decreased moderately by 8.1 percent and reached 106.1 bln US$ (see graph 2). The decrease in imports was mostly attributable to declines in “Transportation” (EBOPS code 205), “Other business services” (EBOPS code 268) and “Travel” (EBOPS code 236). There was a relatively small trade in services deficit of 952.0 mln US$, down substantially from its trade in services deficit of 7.9 bln US$ in 2011.

Related Subject(s): International Trade and Finance
Countries: Italy
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