MILAN, Jan. 24 (Class Editori) - With a peak in sales in the Far East driven by the Chinese and Japanese markets, last December was characterized by an extremely positive result for Italian exports and, in particular, by a trade surplus of 5.7 billion, with an increase of 39 percent compared to the same month in 2018. This was certified by ISTAT, which released data related to the trade among Italy and the other non-EU markets.
In particular, the General Statistics Office noticed that the exports towards China increased in December by 21 percent on an yearly basis, exports towards Japan by 22 percent, followed by those towards Switzerland (+19.3 percent) and Turkey (+18.2 percent). The data of last December represented an acceleration in the upward trend towards China, because until September 30 the export data related to the nine months of 2019 disclosed an important stability in comparison to 2018, standing at 9.4 billion, compared to 9.6 billion of the previous year.
In Japan, however, the data of last December confirmed the trend of the first nine months of 2019, which recorded a growth higher than 20 percent, up to € 5.6 billion.
Moreover, according to ISTAT data, the sales of goods towards the USA (-7.7 percent), India(-4.5 percent) and OPEC countries (-3.7 percent) have decreased. On the other side, the purchases from Russia (-26.5 percent), Mercosur countries (-23.6 percent), OPEC countries (-20.6 percent), the USA (-10.5 percent) and China (-7.6 percent) have recorded trend fluctuations, which are greater than the import average rate from non- EU countries. Purchases from Turkey (+16.1 percent) and ASEAN countries (+5.0 percent) are increasing.
As far as the aggregated datasets related to non-EU markets are concerned, the surplus in the interchange of non-energy products increased from +69.169 billion in 2018 to +75.575 billion in 2019.
Last December, an estimated economic downturn for both trade flows to and from non-UE countries (greater in imports (-1.8 percent) than in exports (-0.9 percent) was expected. The export downturn is referred to energy (-12.8 percent) and not consumer durables (-4.4 percent). At the same time, consumer durables (+2.4 percent), intermediate goods (+1.3 percent) and capital goods (+1.1 percent) have increased. As far as imports are concerned, an economic downturn in capital goods (-4.9 percent), consumer durables (-3.5 percent) and intermediate goods (-1.3 percent) has been detected, while consumer durables purchases (+1.1 percent) and energy (+0.9 percent) have increased.
In the last quarter (between October and December 2019), the economic situation of exports to non-EU countries has been positive (+1.8 percent) and it has been driven by the great growth in capital goods (+7.2 percent), whereas the main remaining groups of companies have decreased. During the same period, a great downturn in imports has been recorded (-4.4 percent), mainly caused by energy (-8.2 percent), capital goods (-4.2 percent) and intermediate goods (-4.0 percent). Instead, consumer durable goods have been growing (+4.1 percent).
(Source:Class Editori)
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