Italy’s trade with non-EU countries picks up “significantly” in June

0

ROME, July 24 (Xinhua) — Italy’s trade activity with non-European Union (EU) countries picked up “significantly” in June compared to May, according to preliminary numbers released by the National Statistics Institute (ISTAT) on Friday.

In seasonally adjusted terms, imports were up by 20 percent and exports grew by 14.9 percent in June compared to the previous month, ISTAT said.

On a yearly basis, exports fell by 15.6 percent in June. However, this was “a robust and progressive” improvement compared to exports in May (down by 31.5 percent) and April (down by 44 percent), according to ISTAT.

Imports from non-EU countries were down by 17 percent in June year-on-year. However, imports from China showed a “marked increase” of 24.3 percent in June compared to the same month in 2019, ISTAT said.

Also on Friday, the General Confederation of Italian Industry (Confindustria) said in an analysis that Italy’s post-COVID-19 recovery is “incomplete” and that foreign trade remains “difficult” because “many foreign markets are still being held back by the pandemic.”

Confindustria predicted that Italy’s trade with the rest of Europe and China will be on the rise while trade with countries “where the COVID[-19] emergency remains high, such as the U.S. and Brazil,” will continue to lag. Enditem

Share.

About Author

Leave A Reply