RTTNews - Thursday, Italy's statistical office Istat announced that the non-EU trade surplus stood at EUR 555 million in May, up from EUR 1.77 billion deficit in a year earlier. In April, the revised trade deficit was EUR 55 million.

Exports dropped 19.7% year-on-year to EUR 10.35 billion in May, while imports declined 33.2% to EUR 9.79 billion.

On a monthly basis, seasonally adjusted exports rose 0.5% in May, while imports fell 3.2%.

For the first five months of the year, the trade deficit amounted to EUR 4.056 billion, compared with a deficit of EUR 10.417 billion in the same period last year. During the period, exports and imports dropped by 21.2% and 26.9%, respectively.

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