FX.co ★ Italy Trade Surplus Widens, Still Misses Forecasts

In June 2025, Italy recorded a trade surplus of €5.41 billion, which is an increase from €5.15 billion recorded the previous year, though it fell short of the predicted €7.12 billion. Export values rose by 4.9% year over year, amounting to €54.4 billion. This growth was notable both within the EU, at 4.6%, particularly significant in Spain (+12%) and France (+6.7%), and with non-EU countries, at 5.2%, with the US (+10.3%), the UK (+10.1%), and Switzerland (+18.4%) leading the way. The most substantial gains were observed in the sales of pharmaceuticals and related products (+39.0%), transportation equipment excluding motor vehicles (+15.9%), food, beverages, and tobacco (+6.0%), and electrical appliances (+3.5%). On the import side, there was a 4.8% increase to €49 billion, primarily due to a 10.1% rise in purchases from non-EU countries, including significant upticks from the US (+45.7%), China (+25.8%), and Turkey (+10.6%), which outstripped the 1.2% increase from EU countries. The most notable increases concerned pharmaceuticals and related products (+29.1%), as well as the electricity, gas, steam, and air conditioning supply sector (+49.1%).