In November 2024State Confirms how both Italian exports and imports have grown in comparison. Non-EU countries: l’export scored +5.6% on a monthly basis and +0.4% on an annual basis, whileimport It settled at high altitude +5.3% On the month, marking +1.3 on an annualized basis.
On a monthly basis,export This is driven by increased sales of capital goods (including maritime navigation equipment), non-durable consumer goods and energy. The increase in exports during the year can be explained by reference to higher sales of consumer goods, which offset and overcame the contraction in exports of capital goods.
Development ofimport Instead, it is explained by higher purchases of non-durable consumer goods and intermediate goods, both on a monthly and annual basis.
Quarterly trend
Regarding the last quarter analyzed by Istat (September-November 2024), compared to the previous period, exports recorded a moderate growth (+0.6%) mainly driven by an increase in sales of durable goods (+18.7%). Caused by In the same period, imports recorded an increase of +2.9%, mainly due to higher purchases of non-durable food items (+14.7%).
Below is the trend of exports to non-EU 27 countries in November 2024 in terms of seasonally adjusted data:
| Sector | Monthly basis | On a quarterly basis |
| Consumer goods | +2,8% | +3.1% |
| Durable | +2.3% | +18,7% |
| Not sustainable | +3.0% | -0.6% |
| Capital goods | +10.3% | -1.8% |
| Intermediate goods | -0.6% | +0.5% |
| Energy | +64,2% | -4.4% |
| net total of energy |
+4.3% | +0.8% |
| yesterday | +5.6% | +0.6% |
Below is the trend of imports from non-EU 27 countries in November 2024, in relation to seasonally adjusted data:
| Sector | Monthly basis | On a quarterly basis |
| Consumer goods | +16.1% | +13,0% |
| Durable | 0.7% | +2,9% |
| Not sustainable | +18,8% | +14,7% |
| Capital goods | +0.3% | -2.1% |
| Intermediate goods | +3,8% | +1.0% |
| Energy | -0.4% | -1.1% |
| net total of energy |
+7.2% | +4.2% |
| yesterday | +5.3% | +2,9% |
Italy’s main trading partners
The number will increase significantly in November 2024. Exports Turkey (+37.7%), OPEC countries (+19.3%), ASEAN countries (+12.9%) and the United Kingdom (+10.9%). On the other hand, sales to China (-19.5%), USA (-11.1%) and Japan (-7.7%) declined.
They are growing significantly. Imports from the US (+40.3%) and India (+10.7%). Imports from Switzerland (+6.1%), Mercosur countries or the South American Common Market (+5.2%) and ASEAN countries (+4.5%) are also increasing. Imports from other key non-EU27 partner countries are declining, with the largest downward trends for the UK (-20.8%) and OPEC countries (-9.5%).
In November 2024Trade surplus With non-EU27 countries it equates to +5,908 million (+6,084 million in the same month of 2023). The energy deficit (-3,894 million) is lower than a year ago (-5,256 million). The surplus in trade in non-energy products narrowed to 9,802 million in November 2024 from 11,340 million in November 2023.
In the first eleven months of 2024, the dynamics of exports to non-EU countries remained moderately positive (+0.8%). In the same period, the trade surplus with non-EU countries reached 57.1 billion euros (+37.5 billion in the first eleven months of 2023).
Below i Major non-EU trading partners27 A trade balance is projected by November 2024. million euros:
| The village | balance |
| The United States | 2.698 |
| Great Britain | 1.842 |
| Switzerland | 1.418 |
| Turkey | 769 |
| Mercosur | 112 |
| ASEAN | 17 |
| India | -263 |
| OPEC | -380 |
| China | -2.951 |
Sectors in crisis
Apart from the cold numbers, manufacturing is one of the sectors that has faced a crisis in recent months. The Italian automotive sector is suffering from a case of stalemate, as is the European one in general. Another strategic sector of Made in Italy is also clouded, namely fashion.
