Italy trade surplus widens, still misses forecasts

Italy posted a trade surplus of €5.41 billion in June 2025, larger than €5.15 billion a year ago but below forecasts of €7.12 billion.

In detail, exports rose by 4.9% yoy to €54.4 billion, with shipments increasing from the EU (4.6%), notably Spain (+12%) and France (+6.7%), alongside non-EU countries (5.2%), of which the US (+10.3%), the UK (+10.1%) and Switzerland (+18.4%).

Strong growth was seen in 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%).

Meanwhile, imports grew by 4.8% to €49 billion, driven mainly by a 10.1% surge in purchases to non-EU countries, especially the US (+45.7%), China (+25.8%) and Turkey (+10.6%) which outpaced a 1.2% increase in imports to EU countries.

The biggest increases were seen for pharmaceuticals and related products (+29.1%) and electricity, gas, steam, and air conditioning supply (+49.1%).