Italy

Overview In 2022, Italy was the number 10 economy in the world in terms of GDP (current US$), the number 7 in total exports, the number 9 in total imports, the number 30 economy in terms of GDP per capita (current US$) and the number 17 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Italy are Packaged Medicaments ($34.4B), Refined Petroleum ($24.6B), Cars ($16.4B), Motor vehicles; parts and accessories (8701 to 8705) ($14.8B), and Vaccines, blood, antisera, toxins and cultures ($11.8B), exporting mostly to Germany ($78.5B), United States ($68.2B), France ($63.8B), Spain ($32.8B), and United Kingdom ($28.5B).

In 2022, Italy was the world's biggest exporter of Unglazed Ceramics ($5.35B), Pasta ($4.16B), Recreational Boats ($3.5B), Tanned Equine and Bovine Hides ($2.7B), and Processed Tomatoes ($2.55B)

Imports The top imports of Italy are Petroleum Gas ($67.6B), Crude Petroleum ($51B), Cars ($25.4B), Packaged Medicaments ($20.7B), and Refined Petroleum ($12.3B), importing mostly from Germany ($90.7B), France ($56.4B), China ($56.1B), Netherlands ($34.5B), and Spain ($32.1B).

In 2022, Italy was the world's biggest importer of Hot-Rolled Iron ($5.5B), Pure Olive Oil ($2.17B), Rolled Tobacco ($1.89B), Fermented Milk Products ($477M), and Prepared Wool or Animal Hair ($452M)

Location Italy borders Austria, France, San Marino, Slovenia, and Switzerland by land and Albania, Algeria, Croatia, Greece, Libya, Malta, Montenegro, Spain, and Tunisia by sea.