Overview In 2020, Italy was the number 8 economy in the world in terms of GDP (current US$), the number 7 in total exports, the number 10 in total imports,
the number 31 economy in terms of GDP per capita (current US$) and the number 19 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Italy are Packaged Medicaments ($26.7B), Cars ($14.8B), Motor vehicles; parts and accessories (8701 to 8705) ($12.5B), Refined Petroleum ($8.26B), and Vaccines, blood, antisera, toxins and cultures ($7.75B), exporting mostly to Germany ($62.1B), France ($49.5B), United States ($47.9B), Switzerland ($25.1B), and United Kingdom ($25B).
In 2020, Italy was the world's biggest exporter of Unglazed Ceramics ($4.21B), Pasta ($3.55B), Tanned Equine and Bovine Hides ($2.34B), Processed Tomatoes ($2.14B), and Processed Tobacco ($1.78B)
Imports The top imports of Italy are Crude Petroleum ($25.5B), Cars ($22.5B), Packaged Medicaments ($18.7B), Petroleum Gas ($10.6B), and Gold ($9.17B), importing mostly from Germany ($67.3B), France ($36B), China ($35.9B), Netherlands ($23.3B), and Spain ($22.8B).
In 2020, Italy was the world's biggest importer of Electricity ($2.23B), Rolled Tobacco ($1.96B), Prepared Wool or Animal Hair ($246M), Hot-Rolled Stainless Steel Bars ($217M), and Non-Retail Combed Wool Yarn ($195M)
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.