19.03.201910:44:00UTC+00Italy Trade Surplus Rises In January

Italy's trade surplus rose in January with rise in exports, the statistical office Istat reported on Tuesday.

The seasonally adjusted trade surplus rose to EUR 322 million in January from a deficit of EUR 91 million in the corresponding month of the previous year.

Exports rose a seasonally adjusted 2.9 percent year-on-year in January, reversing a 2.4 percent fall in December. Meanwhile, imports climbed 1.7 percent after a 4.6 percent rise.

The trade surplus with EU countries rose EUR 907 million after a deficit of EUR 1.51 billion. Meanwhile, the deficit with non EU countries fell EUR 586 million, after a surplus of EUR 4.27 billion.

On a seasonally adjusted, export rose 2.5 percent monthly in January, while imports fell 4.1 percent a month ago.