Italy | Imports and Exports | World | Builders ware of plastics, not elsewhere specified or included | Value (US$) and Value Growth, YoY (%) | 2011 - 2022 (2024)

FAQs

What does Italy export to the US? ›

The main products that Italy exported to United States are Packaged Medicaments ($4.28B), Cars ($3.51B), and Passenger and Cargo Ships ($3.02B).

Overview In December 2023 Italy exported €42.3B and imported €40.1B, resulting in a positive trade balance of €2.2B. Between December 2022 and December 2023 the exports of Italy have decreased by €-3.77B (-8.17%) from €46.1B to €42.3B, while imports decreased by €-8.35B (-17.2%) from €48.5B to €40.1B.

Italy's main imports are metal and engineering products, principally from Germany, France, the United States, and the United Kingdom. Chemicals, vehicle, and mineral imports are also important commodities. Italy is a major importer of energy, with much of its oil supply coming from North Africa and the Middle East.

Data are in current U.S. dollars. Italy exports for 2022 was $746.87B, a 8.05% increase from 2021. Italy exports for 2021 was $691.25B, a 23.78% increase from 2020. Italy exports for 2020 was $558.47B, a 12.14% decline from 2019.

Italy is the second-largest manufacturing country in Europe and is particularly strong in the manufacture of machinery, fashion items, food products, automotive parts, and pharmaceuticals.

For both imports and exports, Italy's main trade partner is the European Union. In the export industry, Germany is the major trade country, followed by France, but other non-EU countries are among the first destinations of Italian exports, such as the United States, Switzerland, and the United Kingdom.

Exports and Imports of Product Groups 2021

Italy Intermediate goods imports were worth US$ 171,618 million, product share of 30.20%. Italy Consumer goods exports were worth US$ 268,007 million, product share of 43.51%. Italy Consumer goods imports were worth US$ 193,774 million, product share of 34.10%.

What is the import and export ratio of Italy? ›

Italy exports of goods and services as percentage of GDP is 32.69% and imports of goods and services as percentage of GDP is 30.42%.

Among the top imports in Italy are minerals, nonferrous minerals, transport and energy products, chemicals, but also textiles, clothing and food and beverages. The reason for which Italy imports products from the energy sector, such as oil, is that it has very few oil deposits.

As such, Italy produces primarily grains, soybeans, meat and dairy products in its northern regions, while the south specialises in fruits, vegetables, olive oil, wine and durum wheat.

This graph shows the growth in the U.S. import volume of trade goods from Italy from 1985 to 2023. In 2023, U.S. imports from Italy amounted to approximately 72.94 billion U.S. dollars.

Italian leading exports to the U.S.

Italy's agriculture is typical of the northern and southern division found within the European Union (EU). The northern part of Italy produces primarily grains, soybeans, meat, and dairy products, while the south specializes in fruits, vegetables, olive oil, wine, and durum wheat.

Rice and cereals were the leading agri-food export products by export value in Italy in 2022, with an export market value of over 9.8 billion euros, followed by wine and must which had an export value of approximately 7.8 billion euros.