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Investing.com -- Italy recorded a trade surplus of 5.980 billion euros ($6.26 billion) with the rest of the world in December, an increase from the 5.333 billion euros surplus in the same month in 2023, according to data released on Monday.
The national statistics office ISTAT reported that exports grew by 2.9% year-on-year, while imports saw a 1.7% increase.
In the entire year of 2024, Italy's trade surplus with the world was 54.923 billion euros. This was a notable rise from the 34.011 billion euros surplus recorded in 2023.
However, the trade relationship with European Union countries presented a different scenario. In December, Italy had a trade deficit of 1.861 billion euros ($1.95 billion) with EU countries, an improvement from the 2.771 billion euros deficit in December 2023.
Exports to EU countries in December increased by 1.4% year-on-year, while imports decreased by 2.4%.
For the whole year of 2024, Italy's trade deficit with EU nations was 10.152 billion euros, a reduction from the 11.593 billion euros deficit in 2023.
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