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Pricing

2022
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Exports $68.2BRnk 2 / 221
2022
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Top Product $4.28BPackaged Medicaments
2022
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Exports $25.9BRnk 18 / 219
2022
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Top Product $3.95BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Italy-United States In 2022, Italy exported $68.2B to United States. The main products that Italy exported to United States are Packaged Medicaments ($4.28B), Cars ($3.51B), and Passenger and Cargo Ships ($3.02B). During the last 27 years the exports of Italy to United States have increased at an annualized rate of 5.31%, from $16.9B in 1995 to $68.2B in 2022.

In 2020, Italy exported services to United States worth $5.27B, with Other business services ($2.33B), Travel ($871M), and Computer and information services ($519M) being the largest in terms of value.

United States-Italy In 2022, United States exported $25.9B to Italy. The main products that United States exported to Italy were Crude Petroleum ($3.95B), Petroleum Gas ($3.24B), and Platinum ($1.51B). During the last 27 years the exports of United States to Italy have increased at an annualized rate of 3.74%, from $9.59B in 1995 to $25.9B in 2022.

In 2017, United States exported services to Italy worth $8.98B, with Travel ($2.74B), Financial services ($1.7B), and Transportation ($1.17B) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €5.74B and imported €1.95B from United States, resulting in a positive trade balance of €3.79B. Between December 2022 and December 2023 the exports of Italy have decreased by €-358M (-5.87%) from €6.1B to €5.74B, while imports increased by €244M (14.3%) from €1.71B to €1.95B.

Trade In December 2023, the top exports of Italy to United States were Packaged Medicaments (€267M), Cars (€259M), Refined Petroleum (€258M), Wine (€120M), and Trunks and Cases (€92.7M). In December 2023 the top imports of Italy from United States were Petroleum Gas (€319M), Crude Petroleum (€272M), Hormones (€177M), Gas Turbines (€82.2M), and Soybeans (€70M).

Growth In December 2023, the decrease in Italy's year-by-year exports to United States was explained primarily by an decrease in product exports in Vaccines, blood, antisera, toxins and cultures (€-218M or -74.2%), Unglazed Ceramics (€-13.6M or -28.7%), and Tobacco Processing Machines (€-6.49M or -98.9%). In December 2023, the increase in Italy's year-by-year imports  from United States was explained primarily by an increase in product imports  in Petroleum Gas (€217M or 212%), Hormones (€89.7M or 103%), and Crude Petroleum (€60.3M or 28.5%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-358M(-5.87%)
IMPORT GROWTH (December 2022 - December 2023)€244M(14.3%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check United States and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $68.2B to United States. The main products exported from Italy to United States were Packaged Medicaments ($4.28B), Cars ($3.51B), and Passenger and Cargo Ships ($3.02B). During the last 27 years the exports of Italy to United States have increased at an annualized rate of 5.31%, from $16.9B in 1995 to $68.2B in 2022.

In 2022, United States exported $25.9B to Italy. The main products exported from United States to Italy were Crude Petroleum ($3.95B), Petroleum Gas ($3.24B), and Platinum ($1.51B). During the last 27 years the exports of United States to Italy have increased at an annualized rate of 3.74%, from $9.59B in 1995 to $25.9B in 2022.

Exports from Italy (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
United States
Top DestinationCanada$308B

This map shows whether countries import more from Italy or United States. Each country is colored based on the difference in imports they receive from Italy and United States or the difference in the growth in imports.

In 2021, countries that imported more from Italy than United States were France ($63.8B), Austria ($15B), and Romania ($10.5B).

In 2021, countries that imported more from United States than Italy were Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - United States

Flow
Scale

This chart compares trade between Italy and United States by product, considering products traded by both, Italy and United States.

During 2022, Italy had a large net trade with United States in the exports of Machines ($16B), Chemical Products ($10B), and Transportation ($9.85B).

During 2022, United States had a large net trade with Italy in the exports of Mineral Products ($8.11B), Chemical Products ($4.49B), and Machines ($3.64B).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to United States worth $5.27B, with Other business services ($2.33B), Travel ($871M), and Computer and information services ($519M) being the largest in terms of value.

In 2017, United States exported services to Italy worth $8.98B, with Travel ($2.74B), Financial services ($1.7B), and Transportation ($1.17B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to United States (Flag) (2020)

Services Exports from United States (Flag) to Italy (Flag) (2017)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over Italy.

Product Space of Italy (Flag) and United States (Flag) (2022)

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