Foreign trade: -29% export 3 months, in May recovers

(ANSA) - ROME, JULY 16 - A sharp drop in foreign trade quarter-May 2020, with a final recovery. The economic trend is conditioned by the strong previous months and is largely negative for both exports (-29.0%) and imports (-27.7%). This is what is shown by Istat's data on foreign trade and import prices.
    In May, Istat signaled a decidedly high cyclical increase for commercial flows for exports (+ 35.0%) and more contained for imports (+ 5.6%). The net increase in exports on a monthly basis is due to the strong increases in sales both to non-EU markets (+ 36.5%) and to the EU area (+ 33.7%). On an annual basis, however, exports in May show a marked decline (-30.4%), but in evident attenuation compared to April (-41.5%), which involves both the non-EU area (-31.5%) and the EU one (-29.4%). Compared to exports, the contraction of imports (-35.2%) is wider and reflects the icali of purchases from both markets (-38.2% from countries outside the EU, -32.9% from the EU area). (HANDLE).