Italian exports to non-EU countries highest since 2011
Exports rise 17.7% as domestic market continues to shrivel25 February, 14:22
Italy halved its trade deficit in January with non-EU countries over the same time last year. Last month, Italy's trade deficit was 2.3 billion euros compared to 5.2 billion euros in January 2012.
Italian exports to southeast Asian countries took the lead, rising 32.2% over January 2012. Next came the middle-eastern OPEC countries, up 26.1%. Exports to Japan and China rose 25.6% and 24.6%, respectively.
Imports from Japan, the Middle East and the US fell dramatically, while imports from Turkey, Russia and Switzerland soared.
Meanwhile, Italy's domestic market continued to suffer dramatically, with durable goods and energy consumption withering 18.5% and 16.3%, respectively.