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Italy trade surplus widens y/y in December, expands to $57.5 billion in 2024
Published by Global Banking & Finance Review®
Posted on February 17, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on February 17, 2025
1 min readLast updated: January 26, 2026
Italy's trade surplus reached 54.923 billion euros in 2024, with exports increasing by 2.9% and a reduced EU trade deficit.
(Reuters) - Italy posted a trade surplus with the rest of the world of 5.980 billion euros ($6.26 billion) in December, compared with a surplus of 5.333 billion euros in the same month of 2023, data showed on Monday.
Exports rose 2.9% year-on-year, while imports increased 1.7%, national statistics office ISTAT reported.
In 2024 Italy recorded an overall trade surplus with the rest of the world of 54.923 billion euros, compared to a surplus of 34.011 billion euros the year before.
With European Union countries, Italy registered a December trade deficit of 1.861 billion euros ($1.95 billion), compared with a deficit of 2.771 billion in 2023.
Exports to EU nations in December were up 1.4% year-on-year, compared to a fall of 2.4% in imports.
Italy posted an overall 2024 trade deficit with EU countries of 10.152 billion euros, compared to a deficit of 11.593 billion euros in 2023.
($1 = 0.9541 euros)
(Reporting by Laura Contemori, editing by Antonella Cinelli)
The article discusses Italy's trade surplus growth in 2024, highlighting export and import changes.
Italy's trade surplus in December increased to 5.980 billion euros from 5.333 billion euros the previous year.
Italy recorded a trade deficit of 10.152 billion euros with EU countries in 2024.
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