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Pricing

2022
Flag → Flag
Exports $68.2BRnk 2 / 221
2022
Flag → Flag
Top Product $4.28BPackaged Medicaments
2022
Flag → Flag
Exports $25.9BRnk 18 / 219
2022
Flag → Flag
Top Product $3.95BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Italy-United States Trade: In 2022, Italy exported $68.2B to United States. The main products that Italy exported to United States were Packaged Medicaments ($4.28B), Cars ($3.51B), and Passenger and Cargo Ships ($3.02B). Over the past 5 years the exports of Italy to United States have increased at an annualized rate of 8.21%, from $46B in 2017 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 Trade: 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). Over the past 5 years the exports of United States to Italy have increased at an annualized rate of 9.23%,  from $16.6B in 2017 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 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Latest Trends

August, 2024

About

Overview In August 2024, Italy exported €4.42B and imported €1.3B from United States, resulting in a positive trade balance of €3.12B. Between August 2023 and August 2024 the exports of Italy have decreased by €-1.37B (-23.7%) from €5.8B to €4.42B, while imports decreased by €-830M (-39%) from €2.13B to €1.3B.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-1.37B(-23.7%)
IMPORT GROWTH (August 2023 - August 2024)€-830M(-39%)

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.

For full datasets download visit Bulk Download page.

Explore United States and Italy Data

Go to Bulk Download

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 5 years the exports of Italy to United States have increased at an annualized rate of 8.21%, from $46B in 2017 to $68.2B in 2022.

In 2017, 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 5 years the exports of United States to Italy have increased at an annualized rate of 9.23%, from $16.6B in 2022 to $25.9B in 2017.

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 2022, countries that imported more from Italy than United States included France ($63.8B), Austria ($15B), and Romania ($10.5B).

In 2022, countries that imported more from United States than Italy included 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 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy United States+$1.28BPackaged Medicaments
Top Product Potential United States Italy+$1.6BPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and United States. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Italy.

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

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