Italy’s trade surplus remained relatively stable in March 2026 compared to the same month last year, standing at €4.7 billion, but was below market expectations of €5.2 billion. Exports rose by 7.4% year-on-year to €61.7 billion, driven by stronger sales for basic metals and fabricated metal products, excluding machinery and equipment (38.6%), coke and refined petroleum products (55.0%), motor vehicles (15.8%), computers, electronic and optical equipment (17.5%), pharmaceutical, chemical, medicinal, and botanical products (4.6%), and machinery and equipment, nec (3.3%). Switzerland was the top export destination (84.6%), followed by France (9.2%), Germany (8.0%), Spain (12.6%), and China (23.9%). Meanwhile, imports grew by 8.0% to €57.0 billion, amid increased purchases of metals, motor vehicles, and electronics. Imports from both the EU (8.1%) and non-EU countries (9.1%) went up.