Growing trade surplus: down import and export – The Messenger

 (AGI) – Positive for the month of March for the Italian trade balance, which marks a surplus of 4.036 billion euro, higher than the same month of 2015 (+3,422 million). Down compared to the previous month both the trade flows, with a more marked drop in imports (-2.0%) and exports (-0.3%), the latter especially burdened by the slowdown in China and the main emerging economies. The cyclical decline in sales to non-EU countries is determined by consumer goods (-6.1%) and intermediate goods (-2.7%), while the energy (+ 17.6%) and capital goods ( + 4.9%) recorded sustained growth. On the side of imports, the economic downturn has spread to all the main groups of goods, excluding energy (+ 6.7%). Purchases of consumer goods are down sharply (-4.8%). In the last quarter, economic momentum in exports to non-EU countries remains negative (-2.9%); However, excluding the energy component (-37.5%), the decrease was less pronounced (-1.3%). The large monthly contraction in exports year on year (-5.2%) covers all the main groups of assets and is particularly marked for energy (-42.6%). imports are also down sharply (-11.0%), due to the energy component (-30.8%) and, to a less intense, to intermediate products (-8.3%). Only capital goods recorded an expansion of purchases (+ 2.3%). In March 2016 the surplus in the exchange of non-energy products (+6.0 billion) is slightly lower than in March 2015 (+6.2 billion). Geographically it resize the drop in sales of goods to Russia (-0.9%), which began in May 2014. The United States recorded an increase in exports (+ 11.3%) attributable to the sale of maritime navigation means . Also increase the sales of goods to Japan (+ 9.5%). MERCOSUR countries (-28.2%), OPEC countries (-21.6%), Turkey (-11.0%) and ASEAN countries (-8.0%) marked a sharp decrease in exports. Imports from Russia (-18.1%) and China (-15.1%) were down sharply, while purchases from Turkey (+ 6.5%), ASEAN countries (+ 3.5%) and the US (+ 2.9%) increased.
 

 26/04/2016 11:00:02

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