FX.co ★ Italy Trade Surplus Expands in September

Italy's trade surplus expanded to €2.85 billion in September 2025, up from €2.32 billion in September of the previous year. While this was below the market forecast of €3.2 billion, it nonetheless represents progress, driven by export growth outpacing that of imports. Exports surged by 10.5% year-on-year to reach €55.79 billion, bolstered by robust sales to both EU (up 10.2%) and non-EU (up 10.9%) markets. The pharmaceutical sector, including chemical-medicinal products and botanicals, led the charge with a 39.4% rise. Basic metals and fabricated metal products, excluding machinery and equipment, increased by 19.0%, while transportation equipment, not including motor vehicles, saw a 29.6% jump. Machinery and equipment not elsewhere classified grew by 7.1%, and the food, beverage, and tobacco sector increased by 6.9%. Export growth was strongest with the United States, at 34.7%, followed by France at 19.5%, and Spain at 14.7%. On the import side, there was a 9.9% increase to €52.94 billion, with a significant 13.7% rise in purchases from non-EU markets, compared to a 7.2% increase from EU sources.