Trade Trend

In 2023, Italy's total export value is 677.04Billion USD, total import value is 639.80Billion USD, Surplus is 37.25Billion USD, and foreign trade dependency is 0.584. In 2023，Italy's top export products are Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(37.04Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(20.50Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(19.96Billion USD), top export destinations are Germany(80.20Billion USD), United States(71.55Billion USD), France(67.79Billion USD). In 2023, Italy's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(38.38Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(36.40Billion USD), Petroleum gases and other gaseous hydrocarbons(33.12Billion USD), top import origins are Germany(96.69Billion USD), China(51.42Billion USD), France(50.11Billion USD).

Comparing to 2022, Italy's total export value increased 18.49Billion USD(2.81%) in 2023, this could result from its export increases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(4.25Billion USD or 26.19%), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(2.88Billion USD or 8.43%), Vehicles; for the transport of goods(1.72Billion USD or 35.61%) and export increases to countries/economics such as United States(4.26Billion USD or 6.33%), China(3.34Billion USD or 19.47%), France(2.01Billion USD or 3.05%). Comparing to 2022, Italy's total import value decreased -54.50Billion USD(-7.85%) in 2023, this could result from its import decreases of products such as Petroleum gases and other gaseous hydrocarbons(-35.26Billion USD or -51.57%), Electrical energy(-7.73Billion USD or -51.68%), Petroleum oils and oils obtained from bituminous minerals; crude(-6.37Billion USD or -14.24%), and its import decreases from countries/economies such as Russia(-24.45Billion USD or -84.81%), China(-9.29Billion USD or -15.30%), Azerbaijan(-8.30Billion USD or -39.24%).

Cumulated to first 7 months of 2024, Italy's total export value is 243.38Billion USD, total import value is 219.33Billion USD, and tradesurplus is 24.06Billion USD. Cumulated to first 7 months of 2024, Italy's top export products are Commodities not specified according to kind(29.20Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(13.00Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(6.22Billion USD), and top export destinations are United States(30.59Billion USD), None(29.13Billion USD), Germany(19.80Billion USD). Cumulated to first 7 months of 2024, Italy's top import products are Commodities not specified according to kind(29.20Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(13.00Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(6.22Billion USD), and top import origins areNone(29.38Billion USD), Germany(23.99Billion USD), China(20.74Billion USD).