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27 September 2021 In August 2021, non-EU exports decreased by 5% on July while they increased by 15.7% on August 2020. This was reported by Istat, explaining that imports increased by 6.5% on the month and by 39, 9% on August 2020. The estimated trade balance in August 2021 is equal to +1.583 million, down compared to August 2020 (+3.581). The surplus in the trade of non-energy products also decreased (from +5.231 million for August 2020 to +4.719 million for August 2021). On a trend basis, energy exports grow by 80.6% while the amount of energy marks + 88.5%.



Istat reports that the economic downturn in exports to non-EU countries in August is conditioned by the occasional high-impact operations (shipbuilding) recorded the previous month. Net of these, he explains, an increase in exports on a monthly basis of + 5.5% is estimated. In the quarter June-August 2021, the economic trend remains positive. On an annual basis, exports continue to show very strong growth. Contributing are the higher sales of instrumental and intermediate goods which explain two thirds of the tendential increase in exports of our country. The strong increase on an annual basis in imports is mainly due to the increase in purchases intermediate goods (+ 50%) and energy (+ 88.5%). The decline on a monthly basis ofexports is determined by the decline in sales of capital goods (-19.8%) and energy (-17.6%) while those of intermediate goods (+ 10.8%), durable consumer goods (+1 , 3%) and non-durable (+ 3.2%).



On the import side, the cyclical growth affects all groupings, with the exception of energy (-4.9%). In the quarter June-August 2021, compared to the previous one, exports increased by 3.1%, mainly due to the higher sales of capital goods (+ 5.7%) and intermediate goods (+ 4.0%). In the same period, imports recorded a cyclical increase of 6.7%, to which the strong increases in purchases of durable consumer goods (+ 18.4%) and intermediate goods (+ 13.1%) contribute in particular. In August 2021, exports marked strong increases on an annual basis towards almost all the main non-EU27 partner countries; the largest increases concern Mercosur countries (+ 45.8%), United States (+ 16.9%), Opec countries (+ 16.4%), Turkey (+ 14.4%) and China (+13, 1%). Sales to ASEAN countries (-4.7%), Japan (-3,3%) and Switzerland (-1.3%). Purchases from Russia (+107.0%), India (+ 87.3%), Turkey (+ 51.0%), China (+ 42.5%) and Opec countries (+ 37.4%), recorded particularly large trend increases. Only imports from the United Kingdom are down (-9.9%).