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 16 October 2026 10:00

Previous
€8.24B
Revised
€8.247B
Forecast
€7.5B
Actual
€1.773B

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

Next event - Tuesday 17 November 2026 09:00

Previous
€1.773B
Forecast
-
Actual
-

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

There is no forecast value for Global Trade Balance yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Global Trade Balance was €1.773B against a forecast of €7.5B.

Past events

Date
Forecast
Actual
Friday 16 October 2026 10:00
€7.5B
€1.773B
Tuesday 15 September 2026 08:00
€4.77B
€8.24B
Tuesday 11 August 2026 08:00
€4.74B
€4.232B
Thursday 16 July 2026 09:00
€4.5B
€4.793B
Monday 15 June 2026 08:00
€5.19B
€4.293B
Monday 18 May 2026 08:00
€5.2B
€4.709B
Friday 17 April 2026 08:00
€3.83B
€4.944B
Friday 20 March 2026 09:00
€5.6B
€1.089B
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

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
HCOB Composite PMIBearish change53.151.9
HCOB Manufacturing PMIBearish change52.952.4
HCOB Services PMIBearish change5351.7
HCOB Composite PMIBearish change53.852.8
HCOB Manufacturing PMIBullish change53.954.2
HCOB Services PMIBearish change52.951.7
HCOB Composite PMIBearish change51.148.4
HCOB Manufacturing PMIBearish change50.649.3
HCOB Services PMIBearish change51.248.4
Consumer ConfidenceBearish change-16.5-17.9
ZEW Survey – Current SituationBullish change-47.1-35.9
ZEW Survey – Economic SentimentBearish change34.728.1
ZEW Survey – Economic SentimentBearish change25.818.5
Producer Price Index (MoM)Bullish change1.1%1.9%
Producer Price Index (YoY)Bullish change4.6%6.7%
Core Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.5%2.5%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Consumer Price Index (EU Norm) (YoY)Bullish change4.1%4.2%
Consumer Price Index (YoY)(no change)4.2%4.2%
Industrial Production s.a. (MoM)Bearish change-0.3%-0.5%
Consumer Price Index (EU norm) (YoY)(no change)3.4%3.4%
Harmonized Index of Consumer Prices (YoY)(no change)5%5%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Harmonized Index of Consumer Prices (YoY)(no change)3.3%3.3%

About Global Trade Balance

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