In January 2011, Italy’s exports grew by 4.3% year-on-year, with stronger gains against non-EU countries (+8.9%) compared to EU nations. Import growth was 2.8%, while the trade deficit widened to 6.6 billion euros from 4 billion euros in January 2010. Energy imports contributed significantly to the deficit, rising by 5.8 billion euros. Exports of industrial goods increased by 28.8%, with machinery and transport equipment driving growth. Imports of intermediate goods surged by 52.6%, creating a 2.3 billion euro deficit. Key export gains were seen in petroleum products, transport equipment, and metals, while imports were fueled by oil from OPEC countries and electronics from China.
© Istat.
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