Martedì, 23 Ottobre 2018

Italian balance of trade outside Europe highest since 1993


Rome, January 23 - Italy's trade balance outside of
Europe was higher last month than at any other time in at least
20 years, the national statistics agency said Wednesday.
Italy's balance of trade with countries outside the
European Union reached 3.3 billion euros in December 2012 - its
greatest monthly number since 1993, when Istat began keeping
And for all of 2012, the trade surplus outside of the EU -
meaning the value of exports that exceeded imports into Italy -
reached almost 2.1 billion euros, the highest level since 2003,
the agency said.
That year, the annual trade surplus hit 3.1 billion euros.
The monthly trade surplus record in December smashed the
previous high point of 2.9 billion euros recorded in July 1997,
says Istat.
These trade numbers suggest that, given the recession
roiling many European economies, Italian firms are finding
success in markets outside of Europe.
According to Istat, Italy's "most dynamic" export markets
in 2012 included OPEC nations, where Italian sales jumped by
almost 25%; Japan, where sales increased by 19%; other parts of
Asia, up 18.5%; and the United States, where sales increased by
almost 17%.

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