FX.co ★ Italy Trade Surplus Narrows More than Expected

In April 2025, Italy experienced a trade surplus of EUR 2.482 billion, falling short of market expectations set at EUR 2.75 billion and significantly below the EUR 4.829 billion surplus recorded in the same month of the previous year. This represented the smallest surplus since the trade deficit seen in January 2025. Imports increased by 5.4% year-on-year, reaching EUR 50.426 billion, with a notable rise in purchases from non-EU countries at 11.5%, while imports from EU nations saw a modest growth of 0.8%. The import surge was largely attributed to pharmaceutical, medicinal chemical, and botanical products, which jumped by 76.9%, alongside a 25.5% increase in electricity, gas, steam, and air conditioning supplies. Conversely, exports showed a slight rise of 0.4%, totaling EUR 52.908 billion, buoyed by a 2.1% increase in sales to EU markets, although exports to non-EU markets decreased by 1.4%. The most significant export growth was observed in pharmaceutical, medicinal chemical, and botanical products, which rose by 30.1%, followed by basic metals and metal products with a 5.5% increase.