FX.co ★ Italy’s Non-EU Trade Surplus Shrinks Sharply in August, Slipping to €2.0 Billion

Italy’s trade surplus with non-EU countries narrowed significantly in August 2026, falling to €2.00 billion from €6.99 billion recorded in June 2026, according to data updated on 28 September 2026.

The sharp drop in the non-EU trade balance highlights a notable softening in Italy’s external position over the summer period. While the country continues to post a surplus, the latest figures suggest a considerable cooling compared with early summer levels. Details on the underlying drivers—whether weaker exports, stronger imports, or a combination of both—were not provided in the release.

For markets and policymakers, the move from June’s €6.99 billion to August’s €2.00 billion will be closely watched as a potential signal of changing demand dynamics in Italy’s key non-EU trading partners and possible shifts in the competitiveness of Italian goods abroad.