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Pricing

2023
Flag → Flag
Exports $70.9BRnk 2 / 219
2023
Flag → Flag
Top Product $5.47BPackaged Medicaments
2023
Flag → Flag
Exports $26.5BRnk 18 / 220
2023
Flag → Flag
Top Product $4.76BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Italy-United States Trade: In 2023, Italy exported $70.9B to United States. The main products that Italy exported to United States were Packaged Medicaments ($5.47B), Cars ($5.09B), and Vaccines, blood, antisera, toxins and cultures ($2.23B). Over the past 5 years the exports of Italy to United States have increased at an annualized rate of 6.19%, from $52.5B in 2018 to $70.9B in 2023.

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 2023, United States exported $26.5B to Italy. The main products that United States exported to Italy were Crude Petroleum ($4.76B), Hormones ($3.03B), and Petroleum Gas ($2.63B). Over the past 5 years the exports of United States to Italy have increased at an annualized rate of 7.64%,  from $18.3B in 2018 to $26.5B in 2023.

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 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €5.46B and imported €2.11B from United States, resulting in a positive trade balance of €3.35B. Between October 2023 and October 2024 the exports of Italy have decreased by €-743M (-12%) from €6.2B to €5.46B, while imports decreased by €-105M (-4.73%) from €2.22B to €2.11B.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-743M(-12%)
IMPORT GROWTH (October 2023 - October 2024)€-105M(-4.73%)

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 2023, Italy exported $70.9B to United States. The main products exported from Italy to United States were Packaged Medicaments ($5.47B), Cars ($5.09B), and Vaccines, blood, antisera, toxins and cultures ($2.23B). During the last 5 years the exports of Italy to United States have increased at an annualized rate of 6.19%, from $52.5B in 2018 to $70.9B in 2023.

In 2018, United States exported $26.5B to Italy. The main products exported from United States to Italy were Crude Petroleum ($4.76B), Hormones ($3.03B), and Petroleum Gas ($2.63B). During the last 5 years the exports of United States to Italy have increased at an annualized rate of 7.64%, from $18.3B in 2023 to $26.5B in 2018.

Exports from Italy (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
United States
Top DestinationCanada$269B

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 2023, countries that imported more from Italy than United States included France ($61.1B), Romania ($11.3B), and Austria ($14.7B).

In 2023, countries that imported more from United States than Italy included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Italy (Flag) (2023)

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 2023, Italy had a large net trade with United States in the exports of Machines ($17.7B), Chemical Products ($11.6B), and Transportation ($8.69B).

During 2018, United States had a large net trade with Italy in the exports of Mineral Products ($8.29B), Chemical Products ($5.69B), and Machines ($3.82B).

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) (2023)

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