Italy's Trade Surplus Soars Beyond Predictions

In a remarkable turn of events, Italy's trade surplus skyrocketed to €6.2 billion in May, a significant leap from April's €2.5 billion, as reported by the National Institute of Statistics (Istat). This performance not only surpassed analysts' forecasts but also highlighted the country's economic resilience.

Excluding Energy, the Surplus is Even More Impressive

When energy is excluded from the equation, the trade balance surplus reaches an even more impressive €9.6 billion, showcasing the strength of Italy's non-energy sectors.

Annual Trends Show a Mixed Picture

On an annual basis, the data presents a mixed scenario. Exports saw a decline of 1.9% in monetary terms and 4.3% in volume. Meanwhile, imports decreased by 1.7% in monetary terms and 2.4% in volume compared to the previous year, indicating a complex interplay of factors affecting Italy's trade dynamics.