Italy’s exports exhibited a seasonally-adjusted increase of 1.3% month-on-month in September, although they experienced a decline of 2.2% compared to the previous year. According to recent official statistics, both exports and imports saw an uptick of 1.3% and 1.2% respectively in September, while exports faced a slight quarter-on-quarter decrease of 0.6% and imports saw a modest rise of 0.8% in the third quarter of 2024.
Breaking down the figures, Italy’s exports to EU nations rose by 2.4% month-on-month, while those directed towards non-EU countries experienced a smaller increase of 0.2%. However, the import dynamics reflected a different story: imports from EU countries spiked by 3% month-on-month, whereas imports from non-EU regions fell by 1.3% during the same period.
Looking at the year-on-year trends for September, exports dropped by 2.2%, which also mirrored a 3% decrease for EU countries and a 1.4% decline for non-EU nations. On the import side, Italy saw a 3.2% reduction compared to the previous year, with imports from EU countries rising by 1.1% but those from outside the EU plunging by 8.8%.
The recent data reflects the ongoing shifts in Italy’s trade landscape, with signs of slight recovery in exports amid broader economic challenges. As the country navigates through these fluctuations, the impact on future trade strategies remains to be seen.
