Italy has the fifth manufacturing trade surplus amongst G-20 countries, exclusive of energy and minerals, with a positive balance of €57 billion in 2015.
Amongst European countries, we are second to Germany only, while the United Kingdom and France show trade deficits.
If we consider the entire industry, inclusive of the energy and minerals sectors, the Italian trade balance1 is still positive in 2015, with a surplus of €45 billion .
- Manufacturing trade balance = Exports — Imports (goods only, services excluded). If exports exceed imports (positive balance), then the country has a trade surplus. If imports exceed exports (negative balance), then the country has a trade deficit.
(Source: Elaboration by Ministry of Economic Development on WTO data)