Italy’s exports rose +1.2% MoM in July 2025 while imports increased +0.7% MoM, with trade growth driven mainly by non-EU countries.

• The trade balance recorded a €7.9 billion surplus in July, up from a €5.4 billion suplus in June, including surpluses of €5.99 billion with non-EU countries and €1.92 billion with EU countries.

• Non-EU exports increased +2.4% MoM, while EU exports were flat, showing divergence in regional performance.

• Non-EU imports rose +3.1% MoM, while EU imports fell -1.2% MoM, highlighting stronger demand from outside the EU.

• On a quarterly basis, exports declined -1.5% and imports fell -1.8%, indicating weaker underlying momentum.

• YoY, exports rose +7.3% in July 2025, with stronger gains in non-EU markets (+9.9%) compared to EU markets (+4.8%).

• Imports grew +6.1% YoY, led by non-EU countries (+13.1%) while EU imports rose only +0.8%.

• Excluding energy, the trade surplus expanded to €12.0B, underscoring strength in core trade flows.

• Import prices rose +0.3% MoM but fell -3.0% YoY, with sharper declines in non-eurozone imports (-4.1% YoY) than in eurozone imports (-1.7% YoY).

Italy’s exports rose +4.0% MoM and imports increased +3.3% MoM in June 2025, with growth in both EU and non-EU trade flows.

• Non-EU exports rose +6.3% MoM and EU exports were up +1.8% MoM; non-EU imports grew +5.2% MoM and EU imports increased +2.0% MoM.
• On a quarterly basis, exports fell -2.6% and imports declined -1.7%.
• YoY, exports rose +4.9% (+5.2% non-EU, +4.6% EU) and imports rose +4.8% (+10.1% non-EU, +1.2% EU).
• The trade surplus was €5.41 billion, driven by a €5.48 billion non-EU surplus and partially offset by a €69 million EU deficit; excluding energy, the surplus was €9.33B.
• Import prices rose +0.2% MoM but fell -2.7% YoY, with steeper declines from non-eurozone countries (-3.4% YoY).

Italy’s exports fell -2.3% MoM and imports dropped -4.1% MoM in May 2025, with both sides of trade also lower YoY: exports down -1.9% and imports down -1.7%.

• The trade surplus was €6.16 billion in May, up from a surplus of €2.48 billion in April.
• Non-EU exports declined -3.1% MoM and -4.6% YoY, while EU exports slipped -1.7% MoM but rose +0.7% YoY.
• Non-EU imports fell -7.5% MoM and -3.4% YoY; EU imports were down -1.3% MoM and -0.4% YoY.
• Import prices declined -1.4% MoM and -3.0% YoY, with steeper drops from non-eurozone countries (-2.3% MoM, -3.7% YoY).
• Over the latest three-month period, import prices fell -1.7% from the previous quarter.