Import and export in March is up. Istat has collected various data on foreign trade.The trend in exports growth is equal to 9.2%, driven by sales made to non-EU area (+13.2). Average unit values (+2.8%) and volume (+6.3%) are both expanding. The significant increase in the import trend (+9.7%) is determined by the growth of purchases by Euarea (+10.1%) and from outside EU (+9.1). The strong growth trend for both streams is conditioned by a difference in working days (22 March 2015 compared to 21 March 2014).
The correct trend for calendar days is equal to +7.8% for exports and +8.4% for imports. Compared to the previous month, both trade flows have picked up, larger on imports (+4.0%) than for exports (+1.8). In March 2015, commercial and surplus 4.0 billion (+3.8 billion in March 2014). Excluding energy, the balance is in surplus at 7.1 billion. In the first quarter of the year the balance amounted to 7.8 billion (16.4 billion net of energy products).
The economic growth of exports is determined by growth in sales both to non-EU markets (+2.2%) and towards EU markets(+1.5). Energy products (+8.4%), the non-durable consumer goods (+3.2%) and intermediate products (+1.9%) are booming.The economic increase of imports is mainly due to the non-EU area (+4.9). The growth has spread to all main groups of goods and is especially relevant to energy products (+7.7%) and consumer goods (+5.0).
In the first quarter 2015, compared to the last quarter of 2014, the positive economic dynamics of export (+1.2%) is to be ascribed to non-EU area (+2.9). Excluding energy products growth is more sustained (+1.9%) and capital goods (mainly +4.0) register a significant expansion. In March 2015, the growth trend of exports is particularly supported by United States (+44.0%) and Opec (+18.2). Marked growth in sales of motor vehicles (+28.0%) and transportation, excluding motor vehicles (+23.8). Purchases from China (+51.9%) and those of sports, games, musical instruments, precious, medical devices and other products n.c.a. (+28.5%) are growing.