Italian exports have shown a significant increase of 10.7% in April compared to the same month last year, according to Istat. This growth has been observed with almost all major trade partner countries, both within the EU and outside. Particularly notable is the rise in exports to Germany, which marks the end of a year-long period of decline in exports to that country.
In addition to the year-on-year growth, Italian exports also saw a 2.3% increase in April when compared to March. On the other hand, imports experienced a slight decrease of 1.1% in month-on-month terms. The trade balance for April 2024 recorded a surplus of +4,807 million euros, with a deficit of -228 million euros for EU countries and a surplus of +5,036 million euros for non-EU countries.
It is worth noting that when excluding energy, the trade balance surplus was even higher at +8,595 million euros. This indicates a strong performance in various sectors of the Italian economy, contributing to the overall positive trade balance for the country.
The growth in exports is a positive sign for the Italian economy, indicating an increase in international demand for Italian products. This not only boosts the country’s export revenues but also strengthens its position in the global market. The diversification of trade partners, both within the EU and outside, also helps to mitigate risks associated with over-reliance on a single market.
Overall, the latest data from Istat points towards a promising outlook for Italian exports, with continued growth expected in the coming months. This positive trend is a testament to the resilience and competitiveness of the Italian economy on the global stage.