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Pricing

2022
Flag → Flag
Exports $25.9BRnk 18 / 219
2022
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Top Product $3.95BCrude Petroleum
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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Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
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$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
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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
2022
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GDP PC$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

United States-Italy In 2022, United States exported $25.9B to Italy. The main products that United States exported to Italy are 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.

Italy-United States 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). 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.

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

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (208k), CNH INDUSTRIAL AMERICA LLC (80k), and WAL-MART INC. (75.7k) were at the forefront of exporting goods from Italy to the United States. Conversely, SUMIT TEXTILE INDUSTRIES (75.3k), CNH INDUSTRIAL ITALIA S.P.A. (53k), and ROBERT BOSCH DOO BEOGRAD (46.7k) were notable for importing Italy products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $2.78B and imported $6.43B from Italy, resulting in a negative trade balance of $3.65B. Between January 2023 and January 2024 the exports of United States have increased by $232M (9.08%) from $2.55B to $2.78B, while imports increased by $564M (9.62%) from $5.86B to $6.43B.

Trade In January 2024, the top exports of United States to Italy were Crude Petroleum ($339M), Platinum ($237M), Soybeans ($227M), Hormones ($181M), and Petroleum Gas ($117M). In January 2024 the top imports of United States from Italy were Packaged Medicaments ($379M), Cars ($303M), Refined Petroleum ($299M), Trunks and Cases ($158M), and Wine ($156M).

Origins In January 2024 the exports of United States were mainly from Indiana ($654M), Louisiana ($327M), Texas ($240M), New Jersey ($157M), and California ($142M), while imports destinations were mainly New York ($915M), New Jersey ($795M), Texas ($475M), California ($401M), and Florida ($367M).

Growth In January 2024, the increase in United States's year-by-year exports to Italy was explained primarily by an increase in product exports in Hormones ($131M or 260%), Platinum ($86.8M or 57.6%), and Aircraft Parts ($68.8M or 191%). In January 2024, the increase in United States's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Refined Petroleum ($270M or 953%), Cars ($103M or 51.3%), and Paintings ($46.8M or 150%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)$232M(9.08%)
IMPORT GROWTH (January 2023 - January 2024)$564M(9.62%)
MAIN EXPORTER (January 2024)Indiana$654M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

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.

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.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage United States - Italy

Flow
Scale

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

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).

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

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

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

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

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 United States has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over United States.

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

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