In February 2011, Italy’s exports and imports declined by 1.4% and 0.4% respectively, driven by sharper drops in non-EU markets (-4.3% exports, -1.6% imports) compared to limited growth in EU trade (+1% exports, +0.6% imports). Year-on-year growth remained high at +18.5% for exports and +19.4% for imports, with cumulative growth for the first two months reaching 21.2% for exports and 24.7% for imports. Unit value increases were stronger for imports (+14.9%) than exports (+9.4%), while volume growth was more modest for imports (+3.9%) compared to exports (+8.3%). The trade deficit for the first two months exceeded €10 billion, compared to €7 billion in the same period in 2010. Intermediate products contributed most to growth, with imports rising 40.2% versus 24% for exports, widening the deficit for these goods to €4.2 billion.
© Istat.
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