In March, Italy’s trade deficit amounted to nearly EUR 4 billion, more than doubled over the same month last year. This was communicated by Istat, adding that in the first quarter, the deficit amounts to 14.2 billion, compared to 8.6 in the same period of 2010. In March, exports grew by 1.7% on a monthly basis and by 14.1% year on year, while imports recorded an increase in the short-term more than double (+3.9%) and the increase was also higher on a trend basis (+20.4%). In the first quarter, however, is consolidated on a monthly basis a growth of 5% for foreign sales and 5.4% for purchases. On an annual basis the average of the first three months of the year confirms the higher increase of imports (+23.1%), compared to exports (+18.4%).