2023
Exports
$20.5BWorld Rnk 14 / 210
Flag Rnk 2 / 1216
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$36.4BWorld Rnk 7 / 225
Flag Rnk 3 / 1213
2023
ECONOMIC COMPLEXITY of Italy
1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $20.5B in Cars, making it the 14th largest exporter of Cars in the world. At the same year, Cars was the 2nd most exported product in Italy. The main destination of Cars exports from Italy are: United States ($5.09B), Germany ($3.68B), France ($1.95B), United Kingdom ($970M), and Japan ($929M).

The fastest growing export markets for Cars of Italy between 2022 and 2023 were United States ($1.54B), Germany ($675M), and France ($488M).

Imports In 2023, Italy imported $36.4B in Cars, becoming the 7th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Italy. Italy imports Cars primarily from: Germany ($11B), Spain ($5.05B), Poland ($2.22B), France ($2.14B), and United Kingdom ($1.73B).

The fastest growing import markets in Cars for Italy between 2022 and 2023 were Germany ($2.57B), Spain ($1.58B), and Poland ($1.22B).

COMPANIES In 2023, leading companies such as Pirelli Tires (1), Arhaus (1), and Molson Coors (1) were at the forefront of shipping Cars from Italy to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-464M(-25.6%)
IMPORT GROWTH (October 2023 - October 2024)€-139M(-4.47%)
MAIN DESTINATION (October 2024)United States€321M

This section shows Cars's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$20.5B
IMPORTS (2023)$36.4B
NET TRADE (2023)-$15.8B

In 2023, Italy exported $20.5B in Cars. The main destinations of Italy exports on Cars were United States ($5.09B), Germany ($3.68B), France ($1.95B), United Kingdom ($970M), and Japan ($929M).

In 2023, Italy imported $36.4B in Cars, mainly from Germany ($11B), Spain ($5.05B), Poland ($2.22B), France ($2.14B), and United Kingdom ($1.73B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Italy WERE (2022 - 2023):
United States$1.54B (43.3%)
Germany$675M (22.5%)
France$488M (33.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Italy WERE (2022 - 2023):
China-$487M (-48%)
United Arab Emirates-$59.3M (-20.1%)
Hungary-$51.3M (-39.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Italy's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.19B
TOP IMPORT POTENTIALFrance+ $803M

Cars’s highest export potential is United States. With an export gap of $1.19B.   Cars’s highest import potential is France with an import gap of $803M.

See methodology.

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