Italian exports to non-EU27 countries +8.3%, to the USA +11.1%.
Rome – Italian exports to countries outside the EU27 grew in September. According to ISTAT reports, an increase of 8.3% and a slight decrease in imports (-2.7%) is estimated. Sales of capital goods (+11.5%) and intermediate goods (+10.6%) increased; the contribution of higher energy sales (+12.6%) is minimal (0.2 percentage points). On the import side, there are economic downturns for almost all groupings, the largest for durable consumer goods (-12.1%) and intermediate goods (-4.2%); only energy purchases are increasing (+4.2%). In the quarter July-September2020, compared to the previous one, the export marks an increase of 34%, synthesis of strong increases spread to all the main groupings of industries, the highest for durable consumer goods (+85,7%), capital goods (+47,6%) and energy (+32,6%). In the same period, the economic increase in imports (+17.5%) affects almost all groupings and is larger for consumer durables (+66.7%) and energy (+26.7%). The purchases of non-durable consumer goods fell slightly (-2%).
In September 2020, exports recorded an annual growth of 3%, to which the increase in sales of capital goods (+11.1%) and intermediate goods (+6.3%) contributes. The import, on the other hand, still marks a large decline although in attenuation (-12.4%, from -16.6% in August), mainly explained by the sharp drop in energy purchases (-46.7%). They increase on annual basis the purchases of intermediate goods (+11,1%). The estimated trade balance in September 2020 is +5,322 million (it was +2,785 million in September 2019). The surplus in the exchange of non-energy products increases (from +5,931 million for September 2019 to +7,002 million for September 2020).
In September 2020, exports to China (+33%), MERCOSUR countries (+16.1%), Switzerland (+15.7%), Turkey (+13.8%), and the United States (+11.1%) increased sharply on an annual basis. Sales to Opec countries (-14.8%) and ASEAN countries (-13.3%) fell sharply. Purchases from Russia (-41.8%), India (-30.7%), Turkey (-16.1%), the United States (-15.8%), and the United Kingdom (-15.4%) show a much larger decline than the average for imports from non-EU countries27. Purchases from Opec countries increase (+6.3%). In September 2020, for the non-EU area, net of the United Kingdom, it is estimated that exports increase by 10.5% on a monthly basis and by 3.7% on an annual basis. Imports show a slight drop in the month (-2.5%) and a large drop on the year (-12.2%). The trade balance is +3,974 million (it was +1,524 million in September 2019).
(content by MediaMolt)