Independent journal on economy and transport policy
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In May 2020, Italian exports to non-EU countries increased by 37.6% on the previous month and decreased by -31.0% on May 2019
Imports decreased by -2.4% and a trend decline of -37.9%
June 25, 2020
In May 2020, Italian exports to non-EU countries increased by 37.6% on the previous month, despite the fact that maintaining a widening negative gap (-31.0%) compared to May 2020. Istat announced that in May 2020, after the extensive decreases in the previous two months, in fact, there was a decrease in a first and substantial recovery on a cyclical basis in exports non-EU27 countries, strong increase on a monthly basis export, which is mainly due to capital goods (62.9%), intermediate goods (up 27.1%) non-durable consumer goods 24.9%). The increase for durable consumer goods is very high (188.9%) which, however - istat pointed out - only explains for economic growth in exports. Energy fell (-28.9%).
Otherwise, on the import side that has marked a 2.4% in May 2019, cyclical decreases for almost all groupings major industries, the largest for energy (-16.9%) And consumer goods (-10.2%); only purchases of consumer goods capital goods (up 13.6%). Excluding energy, imports a slight increase (0.3%).
In addition, Istat specified that year-on-year the decline in exports are still very broad (-31.0%), but in a marked mitigation compared to April (-44.0%), and it is two-thirds of the sharp decline in sales of goods non-durable consumer goods. More marked trend decline in imports (-37.9%), which contributes to the contraction in energy and goods purchases 16 and about eight percentage points, respectively)
In the March-May 2020 quarter, despite growth in May, the economic dynamics of exports are negative (-31.5%), conditioned by the sharp declines in previous months, and summary declines that affect all groupings, the most renewable consumer goods (-54.9%), energy (-42.7%) And capital goods (-41.3%). In the same period, also for import, economic decline (-26.9%) it's generalized and it's (-51.3%), durable consumer goods (-49,3%) capital goods (-33.5%).
The estimate of the trade balance in May 2020 is equal to 4,149 million (was 4,334 million in May 2019). Decreases surplus in non-energy products interchange (from 7,806 may 2019 to a record of 5,230 million for May 2020).
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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In May 2020, Italian exports to non-EU countries increased by 37.6% on the previous month, despite the fact that maintaining a widening negative gap (-31.0%) compared to May 2020. Istat announced that in May 2020, after the extensive decreases in the previous two months, in fact, there was a decrease in a first and substantial recovery on a cyclical basis in exports non-EU27 countries, strong increase on a monthly basis export, which is mainly due to capital goods (62.9%), intermediate goods (up 27.1%) non-durable consumer goods 24.9%). The increase for durable consumer goods is very high (188.9%) which, however - istat pointed out - only explains for economic growth in exports. Energy fell (-28.9%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
