28.05.202609:00:00UTC+00Italy’s Non‑EU Trade Surplus Narrows in April as Export Momentum Cools

Italy’s trade surplus with non‑EU countries narrowed in April 2026, signaling a loss of momentum in external demand outside the European bloc. According to the latest data updated on 28 May 2026, the Italian Non‑EU Trade Balance fell to €3.85 billion, down from €5.64 billion in March 2026.

The pullback in the surplus suggests that either exports to non‑EU markets eased, imports picked up, or a combination of both, after a stronger performance in March. While Italy continues to post a positive trade balance with countries outside the European Union, the April reading points to a softer external contribution to growth at the start of the second quarter.

Investors and policymakers will be watching upcoming releases closely to determine whether April marks the beginning of a sustained moderation in Italy’s non‑EU trade surplus or a temporary pause following March’s stronger figure.