Italy’s trade surplus surged to 5.8 billion euros in September

Italy’s foreign trade results improved in September. This is evidenced by data published by the country’s statistics department.

The foreign trade surplus increased in September by 1.9 billion euros compared with the balance of the previous month and amounted to 5.8 billion euros. Exports grew by 2.1% compared to shipments a year ago. Imports decreased by 6.4% in the reporting month. On a monthly basis, exports showed an increase of 2.7%, while imports fell by 0.6%. In the first nine months of 2020, the volume of Italian exports decreased by 11.6% to 311.5 billion euros. Imports decreased by 15.6% to 269 billion euros.

Italy’s foreign trade surplus amounted to 42.5 billion euros. The Italian is in serious trouble due to the effects of the pandemic. In the third quarter, the country’s GDP fell by 4.7%. In the second quarter, the Italian economy collapsed by 15%.

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