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Italy Trade Summary

2023

Italy exports, imports, tariff by year.

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 2023

Overall Exports and Imports for Italy 2023

Exports and imports of Italy in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 677,095 million.
  • The total value of imports (CIF) was 639,929 million.
  • At the HS6 digit level, 4,403 products were exported to 226 countries and 4,498 products were imported from 216 countries.

Italy top 5 Export and Import partners 2023

Top five countries to which Italy exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Italy exports to Germany worth US$ 80,719 million, with a partner share of 11.92 percent.
  2. Italy exports to United States worth US$ 72,742 million, with a partner share of 10.74 percent.
  3. Italy exports to France worth US$ 68,508 million, with a partner share of 10.12 percent.
  4. Italy exports to Spain worth US$ 35,641 million, with a partner share of 5.26 percent.
  5. Italy exports to Switzerland worth US$ 33,041 million, with a partner share of 4.88 percent.

Top five countries from which Italy imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Italy imports from Germany worth US$ 96,974 million, with a partner share of 15.15 percent.
  2. Italy imports from China worth US$ 51,456 million, with a partner share of 8.04 percent.
  3. Italy imports from France worth US$ 50,319 million, with a partner share of 7.86 percent.
  4. Italy imports from Netherlands worth US$ 39,364 million, with a partner share of 6.15 percent.
  5. Italy imports from Spain worth US$ 35,419 million, with a partner share of 5.53 percent.

Italy Top 5 Productsexports imports at HS 6 digit level 2023

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 28,084,374.41 (US$ Thousands).
  2. Italy exported Petroleum oils, etc, (excl. crude); preparation , worth 19,982,235.73 (US$ Thousands).
  3. Italy exported Art. of jewellery and pts thereof of/o prec mtl , worth 9,978,950.05 (US$ Thousands).
  4. Italy exported Automobiles with reciprocating piston engine di , worth 6,922,731.96 (US$ Thousands).
  5. Italy exported Human and animal blood; microbial cultures; tox , worth 6,916,096.89 (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 38,404,115.35 (US$ Thousands).
  2. Italy imported Natural gas in gaseous state , worth 23,786,353.12 (US$ Thousands).
  3. Italy imported Other medicaments of mixed or unmixed products, , worth 17,315,113.25 (US$ Thousands).
  4. Italy imported Automobiles nes including gas turbine powered , worth 16,068,064.89 (US$ Thousands).
  5. Italy imported Petroleum oils, etc, (excl. crude); preparation , worth 11,466,150.84 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Italy in 2023 are below

  • The maximum rate of tariff in percentage on any product was 188.46 percent.
  • The simple average tariff across all products was 2.09 percent.
  • The trade weighted average tariff was 1.36 .
  • The total duty free imports in thousands of US dollars were 178,897,101.50 and duty free tariff line items share was 64.77 percent.

Development Indicators 2023

Key Development Indicators of Italy in 2023 are below

  • Italy GDP in current US dollar was 2,304,605 million.
  • GNI per capita, Atlas method (current US$) was 38,610.00 .
  • Italy Trade balance: as % of GDP was 1.43.
  • Trade balance in current US$ was 32,925.00 million.
  • Trade as percentage of GDP was 65.64 .
  • Trade in services as percentage of GDP was 12.99 .

Trade Indicators 2023

Trade Indicators for Italy in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 38.05.
  • World Growth in percentage was -3.13 and Italy Country Growth was 1.04 .