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Italy Non-EU Trade Balance Turns To Surplus In December

Jan 24 2012
By
Forexbrokerz.com

The balance of Italy's trade with countries outside the European Union (EU) turned to a surplus in December, preliminary data released by statistical office Istat showed Tuesday.

The trade balance was a surplus of EUR1.999 billion in December, compared to a deficit of EUR1.451 billion in December 2010.

Export of goods to non-EU nations increased 11.2 percent year-on-year in December. Month-on-month, shipments advanced a seasonally adjusted 5.4 percent during the month.

The value of imports to countries outside the European Union decreased 12.4 percent annually. Compared to November, arrivals dropped a seasonally adjusted 3.1 percent in December.

In the three months ended December, exports edged up a seasonally adjusted 0.9 percent sequentially, while imports decreased 2.8 percent. In the whole of 2011, the trade balance was a deficit of EUR21.611 billion, compared to a deficit of EUR22.068 billion in 2010. Exports and imports increased 14.9 percent and 12.6 percent respectively during the year.

The material has been provided by Instaforex Company - instaforex.com
TAGS: Italy  Non-EU  Trade  Balance  Turns  To  Surplus  In  December   

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