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).