The Italian statistical office Istat released its trade data for Italy on Tuesday. Italy' trade surplus widened to €5.36 billion in March from €3.86 billion in February.

Exports fell 1.1% year-on-year in March, while imports decreased 5.9%.

On a monthly basis, exports declined a seasonally-adjusted 1.4% in March, while imports were down 2.4%.

The seasonally-adjusted trade surplus with the EU was €1.18 billion in March, while the trade surplus with non-EU countries was €3.50 billion.