Global Trade Balance

The Trade Balance released by the National Institute of Statistics is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the Euro. If a steady demand in exchange for Italian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive (or bullish) for the common currency.

Most recent - Friday 18 April 2025 08:00

Previous
€-0.264B
Revised
-
Forecast
€3.31B
Actual
€4.466B

Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Trading range

Forecast history

The most recent announced value for Global Trade Balance was €4.466B against a forecast of €3.31B.

Past events

Date
Forecast
Actual
Friday 18 April 2025 08:00
€3.31B
€4.466B
Tuesday 18 March 2025 09:00
€5.15B
€-0.264B
Monday 17 February 2025 09:00
€4.35B
€5.98B
Thursday 16 January 2025 10:00
€4.5B
€4.218B
Tuesday 17 December 2024 09:00
€3.22B
€5.153B
Friday 15 November 2024 10:00
€2.55B
€2.58B
Thursday 17 October 2024 09:00
€5.55B
€1.431B
Monday 16 September 2024 09:00
€4.5B
€6.743B
Friday 9 August 2024 09:00
€5.55B
€5.065B
Tuesday 16 July 2024 09:00
€3.55B
€6.43B
Friday 14 June 2024 08:00
€4.25B
€4.807B
Thursday 16 May 2024 09:00
€4.77B
€4.341B
Tuesday 16 April 2024 09:00
€3.44B
€6.034B
Friday 15 March 2024 11:00
-
€2.655B
Thursday 15 February 2024 09:00
€3.65B
€5.614B
Monday 15 January 2024 09:00
-
€3.889B
Friday 15 December 2023 10:00
-
€4.699B
Thursday 16 November 2023 09:00
€3.45B
€2.35B
Wednesday 18 October 2023 08:00
€6.05B
€2.07B
Friday 15 September 2023 09:00
€6.5B
€6.375B
Friday 11 August 2023 08:00
€6.489B
€7.718B
Friday 14 July 2023 08:00
€1.45B
€4.711B
Thursday 15 June 2023 09:00
€2.753B
€0.318B
Wednesday 17 May 2023 08:00
€-2.633B
€7.541B
Tuesday 18 April 2023 08:00
€-3.427B
€2.108B
Friday 17 March 2023 09:00
-
€-4.194B
Thursday 16 February 2023 09:00
-
€1.067B
Wednesday 18 January 2023 09:00
-
€1.445B
Friday 16 December 2022 09:00
-
€-2.123B
Thursday 17 November 2022 09:00
-
€-6.454B
Tuesday 18 October 2022 08:00
-
€-9.569B
Friday 16 September 2022 08:00
-
€-2.166B
Friday 12 August 2022 08:00
€-1.368B
€-0.012B
Monday 18 July 2022 08:00
€-2.528B
€-0.012B
Friday 17 June 2022 09:00
-
€-3.666B
Tuesday 17 May 2022 08:00
€-1.62B
€-0.084B

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next Global Trade Balance result:

PreviousLatest
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-4.1%-0.2%
Industrial Production s.a. (MoM)Bullish change-1.3%3%
Trade Balance s.a.Bullish change€17.9B€21.1B
Retail Sales (MoM)Bearish change0.2%-0.1%
Retail Sales (YoY)Bearish change1.9%1.5%
Factory Orders n.s.a. (YoY)Bullish change-0.2%3.8%
Factory Orders s.a. (MoM)Bullish change0%3.6%
Producer Price Index (MoM)Bearish change0.2%-1.6%
Producer Price Index (YoY)Bearish change3%1.9%
HCOB Composite PMIBullish change50.150.4
HCOB Composite PMIBullish change49.750.1
HCOB Services PMIBullish change48.849
HCOB Services PMIBearish change54.753.4
Sentix Investor ConfidenceBullish change-19.5-8.1
Core Harmonized Index of Consumer Prices (MoM)(no change)1%1%
Core Harmonized Index of Consumer Prices (YoY)Bullish change2.4%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Harmonized Index of Consumer Prices (YoY)(no change)2.2%2.2%
Unemployment Rate(no change)6.2%6.2%
HCOB Manufacturing PMIBullish change4848.4
HCOB Manufacturing PMIBullish change46.649.3
HCOB Manufacturing PMIBearish change49.548.1
Consumer Price Index (MoM)Bullish change0.3%0.4%
Consumer Price Index (YoY)Bearish change2.2%2.1%
Harmonized Index of Consumer Prices (MoM)Bullish change0.4%0.5%
Harmonized Index of Consumer Prices (YoY)Bearish change2.3%2.2%
Gross Domestic Product s.a. (QoQ)Bullish change0.2%0.4%
Gross Domestic Product s.a. (YoY)(no change)1.2%1.2%
Consumer Price Index (EU Norm) (YoY)(no change)2.1%2.1%
Consumer Price Index (YoY)Bullish change1.9%2%
Gross Domestic Product (QoQ)Bullish change-0.2%0.2%
Gross Domestic Product (YoY)(no change)-0.2%-0.2%
Gross Domestic Product w.d.a (YoY)(no change)-0.4%-0.4%
Gross Domestic Product (QoQ)Bullish change0.2%0.3%
Gross Domestic Product (YoY)Bullish change0.5%0.6%
Unemployment ChangeBullish change26K4K
Unemployment Rate s.a.(no change)6.3%6.3%
Consumer Price Index (EU norm) (YoY)Bearish change0.9%0.8%
Gross Domestic Product (QoQ)Bullish change-0.1%0.1%
Retail Sales (MoM)Bearish change0.2%-0.2%
Retail Sales (YoY)Bearish change4.3%2.2%
Business ClimateBullish change-0.72-0.67
Consumer Confidence(no change)-16.7-16.7
Economic Sentiment IndicatorBearish change9593.6
Gross Domestic Product - Estimated (QoQ)Bearish change0.8%0.6%
Harmonized Index of Consumer Prices (YoY)(no change)2.2%2.2%
GfK Consumer Confidence SurveyBullish change-24.3-20.6

About Global Trade Balance

Country:Italy
Currency:EUR
Source:ISTAT
Category:Capital Flows
Frequency:Monthly
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