Exports in Italy

Italy Exports | Economic News & Forecasts

Italy - Exports

GDP contracted in Q1. Italy is likely to be one of the non-eastern Euro area countries most economically hard-hit by the war in Ukraine due to its high level of dependence on Russian gas imports. The manufacturing PMI fell in the quarter, boding poorly for the industrial sector. Inflation in March was the highest since 1991, likely hitting private spending; retail sales growth averaged lower in January–February and consumer confidence was down sharply in March. Heading into Q2, the government announced another 10 billion financial assistance package in April, taking the total planned support since the outset of the war to EUR 26 billion, around 1.4% of GDP. Meanwhile, it signed new energy deals with a number of African countries. These measures will offer some respite ahead, but will be unable to fully soften the near-term blow to the economy arising from the war.

Italy - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)457  461  506  549  -     

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Italy Exports Chart

Italy Exports
Note: Exports (in EUR bn).
Source: Bank of Italy.

Italy Facts

Value Change Date
Bond Yield1.31-0.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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