After five months of growth, in June there was a cyclical decline in exports (-2.1%) both to EU countries and to non-EU markets.
Overall, in the second quarter of 2022, the economic trend is confirmed however very positive although decelerating (+ 6.2%, from + 8.0% in the first quarter).
This was announced by Istat, underlining that on an annual basis exports increased by 21.2%, down from the previous month (29.5%).
In June, a cyclical growth is estimated for imports (+ 1.8%) and a decline for exports (-2.1%).
The monthly decrease in exports is due to the drop in sales to both areas, more intense for the EU area (-2.6%) than for non-EU markets (-1.4%).
In the second quarter of 2022, compared to the previous one, exports grew by 6.2%, imports by 11.3%.
In June, exports increased on an annual basis by 21.2%, with sustained growth of similar intensity towards both areas, the EU (+ 21.2%) and non-EU (+ 21.1%).
Imports recorded a tendential increase of 44.2%, which involves the non-EU area to a much greater extent (+ 75.1%) than the EU area (+ 22.1%).
Among the sectors that contribute most to the trend increase in exports, Istat reports:
refined petroleum products (+ 100.9%), pharmaceutical, chemical-medicinal and botanical items (+ 47.8%), chemicals and substances (+ 30.0%), machinery and equipment nec (+ 10.1%) and food, beverages and tobacco (+ 19.6%).
On an annual basis, the countries that provide the greatest contributions to the increase in national exports are the United States (+ 25.3%), Germany (+ 15.6%), France (+ 16.7%), Belgium (+ 54.0%) and Turkey (+ 87.4%).
Exports to Russia (-19.1%) confirmed a sharp decline;
sales to Switzerland also fell slightly (-2.2%).
In the first six months of 2022, the trend growth in exports (+ 22.4%) is due in particular to the increase in sales of base metals and metal products, excluding machinery and plants (+ 25.7%), articles pharmaceuticals, chemical-medicinal and botanicals (+ 36.7%),
refined petroleum products (+ 99.7%), chemicals and substances (+ 28.8%) and food products, beverages and tobacco (+ 20.6%).
In June, after the limited increase in May, the cyclical growth in import prices strengthened and began to accelerate on an annual basis.
The increase in the prices of energy products in the non-euro area contributes above all.
Istat communicates it.
In June, import prices grew by 1.8% on a monthly basis and by 21.5% on an annual basis (it was + 20.1% in May).
The increase in the prices of energy products in the non-euro area contributes above all.
Istat communicates it.
In June, import prices grew by 1.8% on a monthly basis and by 21.5% on an annual basis (it was + 20.1% in May).
The increase in the prices of energy products in the non-euro area contributes above all.
Istat communicates it.
In June, import prices grew by 1.8% on a monthly basis and by 21.5% on an annual basis (it was + 20.1% in May).
