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 - Tuesday 17 February 2026 09:00

Previous
€5.078B
Revised
€5.056B
Forecast
€4.5B
Actual
€6.037B

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

Next event - Friday 20 March 2026 09:00

Previous
€6.037B
Forecast
€5.65B
Actual
-

The typical/expected market impact of this event is low.

The consensus forecast for Global Trade Balance is €5.65B. A higher value than forecast tends 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 €6.037B against a forecast of €4.5B.

Past events

Date
Forecast
Actual
Tuesday 17 February 2026 09:00
€4.5B
€6.037B
Thursday 15 January 2026 11:00
€5.2B
€5.078B
Tuesday 16 December 2025 10:00
€3.22B
€4.156B
Friday 14 November 2025 09:00
€3.2B
€2.852B
Thursday 16 October 2025 09:00
€7.55B
€2.05B
Monday 15 September 2025 08:00
€5.5B
€7.908B
Monday 11 August 2025 09:00
€7.12B
€5.409B
Wednesday 16 July 2025 09:00
€2.87B
€6.163B
Friday 13 June 2025 08:00
€2.75B
€2.482B
Friday 16 May 2025 09:00
€5.2B
€3.657B
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

Economic context

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

PreviousLatest
ZEW Survey – Current SituationBullish change-65.9-62.9
ZEW Survey – Economic SentimentBearish change58.3-0.5
ZEW Survey – Economic SentimentBearish change39.4-8.5
Consumer Price Index (EU Norm) (YoY)Bearish change1.6%1.5%
Consumer Price Index (YoY)Bearish change1.6%1.5%
Industrial Production s.a. (MoM)Bearish change-0.6%-1.5%
Harmonized Index of Consumer Prices (YoY)(no change)2.5%2.5%
Harmonized Index of Consumer Prices (MoM)(no change)0.4%0.4%
Harmonized Index of Consumer Prices (YoY)(no change)2%2%
Trade Balance s.a.Bullish change€17.4B€21.2B
Sentix Investor ConfidenceBearish change4.2-3.1
Factory Orders s.a. (MoM)Bearish change7.8%-11.1%
Industrial Production n.s.a. w.d.a. (YoY)Bearish change0.4%-1.2%
Industrial Production s.a. (MoM)Bullish change-1%-0.5%
Factory Orders n.s.a. (YoY)Bearish change11.7%3.7%
Employment Change (QoQ)(no change)0.2%0.2%
Gross Domestic Product s.a. (QoQ)Bearish change0.3%0.2%
Gross Domestic Product s.a. (YoY)Bearish change1.4%1.2%
Retail Sales (MoM)Bearish change0.2%-0.1%
Retail Sales (YoY)Bullish change1.8%2%
Unemployment RateBullish change6.2%6.1%
Gross Domestic Product (QoQ)(no change)0.3%0.3%
Gross Domestic Product (YoY)(no change)0.8%0.8%
Producer Price Index (MoM)Bullish change-0.3%0.7%
Producer Price Index (YoY)Bearish change-2%-2.1%
HCOB Composite PMI(no change)51.951.9
HCOB Composite PMIBullish change53.153.2
HCOB Services PMIBullish change53.453.5
HCOB Services PMIBearish change53.551.9

About Global Trade Balance

Country:Italy
Currency:EUR
Source:ISTAT
Category:Capital Flows
Frequency:Monthly
Continue to site >

Personal Trade Copier

Trade Mirror

Trading Simulator

MyTrader App Suite

Publisher EA

MyTrader Connector EA

All Trader Downloads

All Developer Downloads

Currency Strength

Trader Sentiment

Price Alerts

Mini Charts

Premium Charting

Market Scanner

All Tools

Next High Impact Events

Week View

Next 24 Hours

Session Map

Chart View

Future Events

Past Events

Big Market Movers

Compare Brokers

Broker Offers

Market Analysis

Price Action News

Broker News

Example Analysis

Widgets

FAQ

Statement

Stats

Risk analysis

Widgets

Portfolio

FAQ

Please Log In
Not yet a user?