Italy recorded a trade surplus of EUR176 million with the non-EU countries in March, the statistical office ISTAT said Tuesday. This came after a deficit of EUR722 million in February. A year ago, in March, the country's non-EU trade deficit was EUR1.21 billion.

Exports fell 15% year-on-year to EUR11 billion in March, while imports declined 23.5% to EUR10.8 billion.

Month-on-month, exports slipped a seasonally adjusted 3.8%, while imports dropped 6%.

In the January to March period, there was a trade deficit of EUR4.5 billion, on an unadjusted basis. During this period, exports dropped 21.9%, while imports decreased 23.8%.

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