31 January 2003, 11:28 Italy, Dec Non-Eu Trade Surplus Lower Y/Y On Strong Euro
ROME (MktNews) - Italy's trade balance with non-EU countries
worsened in December compared with the year before, thanks to a firm
rise in imports and falling exports, national statistics institute ISTAT
reported Friday.
December posted a non-EU trade surplus of 1.735 billion euros,
compared with a surplus of E2.815 billion in December 2001.
December non-EU exports shed 3.7% year-on-year, ISTAT said, while
imports climbed 8.2% "probably due to the stronger euro," an ISTAT
spokesman said.
In 2002 Italy posted a cumulative trade surplus with non-EU
countries of E13.453 bln, ISTAT said, compared with a surplus of E11.571
bln in 2001.
ISTAT is scheduled to release December's trade data with EU
countries and the cumulative 2002 trade balance figures on February 21.
Italy posted a full-year world trade surplus of E9.815 bln in 2001,
compared with a surplus of E1.907 bln in 2000 and a surplus of E14.025
bln in 1999. //www.marketnews.com
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