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Italy’s foreign trade surplus narrowed in November

The Italian statistical office Istat published a preliminary assessment of the state of Italy's foreign trade balance in November this year. According to the report, Italy's trade surplus with non-EU countries was recorded at 6.677 billion euros, down from 7.16 billion euros in the previous month.

Seasonally adjusted exports last month increased by 2.7% over the month. The growth of imports relative to October was noted at the level of 3.6%.

The surplus of the foreign trade balance of Italy increased against the figure for November last year of 5.432 billion euros. Over the past twelve months to November, exports increased by 1.4%, while in October they declined by 9.7%. Imports for the year fell 6.8%, slowing the decline from a 12.4% decline a month earlier.

Italy's non-energy trade surplus fell to 8.148 billion euros from 8.238 billion euros in the same month of 2019.

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