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Italy Trade Summary

2020

Italy exports, imports, tariff by year.
Italy monthly trade data

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR ITALY 2020

Overall Exports and Imports for Italy 2020

Exports and imports of Italy in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 498,804 million.
  • The total value of imports (CIF) was 426,476 million.
  • At the HS6 digit level, 4,423 products were exported to 224 countries and 4,520 products were imported from 214 countries.

Italy top 5 Export and Import partners 2020

Top five countries to which Italy exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Italy exports to Germany worth US$ 64,060 million, with a partner share of 12.84 percent.
  2. Italy exports to France worth US$ 51,614 million, with a partner share of 10.35 percent.
  3. Italy exports to United States worth US$ 48,473 million, with a partner share of 9.72 percent.
  4. Italy exports to Switzerland worth US$ 28,827 million, with a partner share of 5.78 percent.
  5. Italy exports to United Kingdom worth US$ 25,778 million, with a partner share of 5.17 percent.

Top five countries from which Italy imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Italy imports from Germany worth US$ 70,024 million, with a partner share of 16.42 percent.
  2. Italy imports from China worth US$ 36,842 million, with a partner share of 8.64 percent.
  3. Italy imports from France worth US$ 35,737 million, with a partner share of 8.38 percent.
  4. Italy imports from Netherlands worth US$ 25,471 million, with a partner share of 5.97 percent.
  5. Italy imports from Spain worth US$ 23,303 million, with a partner share of 5.46 percent.

Italy Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Italy along with trade value are:

  1. Italy exported Other medicaments of mixed or unmixed products, , worth 18,808,005.46 (US$ Thousands).
  2. Italy exported Petroleum oils, etc, (excl. crude); preparation , worth 8,661,788.31 (US$ Thousands).
  3. Italy exported Gold in unwrought forms non-monetary , worth 6,266,363.34 (US$ Thousands).
  4. Italy exported Human and animal blood; microbial cultures; tox , worth 6,043,298.69 (US$ Thousands).
  5. Italy exported Wine (not sparkling); grape must with by alcoho , worth 5,046,864.19 (US$ Thousands).

The top five imported HS 6 digit level products from world by Italy along with trade value are

  1. Italy imported Petroleum oils and oils obtained from bituminou , worth 16,214,614.42 (US$ Thousands).
  2. Italy imported Other medicaments of mixed or unmixed products, , worth 13,266,117.16 (US$ Thousands).
  3. Italy imported Natural gas in gaseous state , worth 8,095,914.74 (US$ Thousands).
  4. Italy imported Human and animal blood; microbial cultures; tox , worth 8,092,516.32 (US$ Thousands).
  5. Italy imported Gold in unwrought forms non-monetary , worth 8,086,001.10 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Italy in 2020 are below

  • The maximum rate of tariff in percentage on any product was 74.90 percent.
  • The simple average tariff across all products was 1.88 percent.
  • The trade weighted average tariff was 1.46 .
  • The total duty free imports in thousands of US dollars were 108,743,684.19 and duty free tariff line items share was 61.74 percent.

Development Indicators 2020

Key Development Indicators of Italy in 2020 are below

  • Italy GDP in current US dollar was 1,897,210 million.
  • GNI per capita, Atlas method (current US$) was 32,430.00 .
  • Italy Trade balance: as % of GDP was 3.60.
  • Trade balance in current US$ was 68,287.00 million.
  • Trade as percentage of GDP was 55.27 .
  • Trade in services as percentage of GDP was 9.49 .

Trade Indicators 2020

Trade Indicators for Italy in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 38.20.
  • World Growth in percentage was -3.77 and Italy Country Growth was -3.52 .