Trade increases

GOOD news for Italy as it has reported a favourable trade balance in the latest official report.

On Wednesday, January 18, Italy’s National Institute of Statistics (ISTAT), reported that Italy recorded a cyclical growth of 3.9 per cent in its exports, while imports decreased by 1.4 percentage points in November 2022.

According to the report, this positive trade balance is mainly due to the increase in sales to non­EU markets, which rose by 8.3 per cent, while those to the European Union (EU) area remained unchanged.

Between September and November last year, exports grew by 1.3 percentage points and imports fell by 2.6 per cent.