Italy balance of trade


Italy balance of trade: 6430.43 (33.16%)
Last Update: May 31, 2024

Italy balance of trade closed down 6430.43 as of May 31, 2024 from 4829.22 from the previous month and 4767.2 from last year.


Italy balance of trade Analytics & Data




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Italy balance of trade

DateValues
2024-05-31 6430.43
2024-04-30 4829.22
2024-03-31 4295.52
2024-02-29 6000.02
2024-01-31 2494.84
2023-12-31 5526.94
2023-11-30 3884.04
2023-10-31 4732.05
2023-09-30 2393.05
2023-08-31 1951.41
2023-07-31 6108.52
2023-06-30 3461.3
2023-05-31 4767.2
2023-04-30 362.09
2023-03-31 3327.32
2023-02-28 2095.07
2023-01-31 -4236.02
2022-12-31 684.51
2022-11-30 1447.03
2022-10-31 -2056.84
2022-09-30 -6511.83
2022-08-31 -9507.52
2022-07-31 -460.4
2022-06-30 -2512.15

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Italy balance of trade Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradeit.balanceoftrade4807.043411139UPUP802024-06-30

Italy balance of trade Factors

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Italy balance of trade Historical Data

The MacroVar database offers free access to historical data for the Italy balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Italy balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Italy balance of trade

Italy's balance of trade refers to the difference between the value of exports and imports of goods and services in the country. A positive balance of trade occurs when the value of exports exceeds that of imports, indicating a trade surplus. Conversely, a negative balance of trade occurs when the value of imports is higher than that of exports, resulting in a trade deficit. Italy has historically struggled with a negative balance of trade, largely due to its dependence on imported energy and raw materials. However, the country also boasts a strong manufacturing sector and exports a variety of goods, such as machinery, vehicles, and fashion products, which help to offset some of the trade deficit. Efforts to increase exports, reduce imports, and promote domestic production are ongoing to improve Italy's balance of trade and strengthen the economy.