Overview In 2019 Italy was the number 8 economy in the world in terms of GDP (current US$), the number 8 in total exports, the number 10 in total imports, the number 29 economy in terms of GDP per capita (current US$) and the number 17 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Italy are Packaged Medicaments ($25B), Cars ($15.4B), Vehicle Parts ($14.3B), Refined Petroleum ($13.9B), and Valves ($8.21B), exporting mostly to Germany ($64.5B), France ($54.9B), United States ($51.8B), United Kingdom ($27.9B), and Spain ($26.7B).

In 2019, Italy was the world's biggest exporter of Other Small Iron Pipes ($3.59B), Tanned Equine and Bovine Hides ($3.06B), Pasta ($3.02B), Processed Tomatoes ($1.86B), and Processed Tobacco ($1.45B)

Imports The top imports of Italy are Crude Petroleum ($35.1B), Cars ($29.8B), Packaged Medicaments ($17.4B), Petroleum Gas ($15.8B), and Refined Petroleum ($9.11B), importing mostly from Germany ($75.1B), France ($41.2B), China ($34.9B), Spain ($25.5B), and Netherlands ($23.9B).

In 2019, Italy was the world's biggest importer of Hot-Rolled Iron ($3.35B), Electricity ($2.95B), Rolled Tobacco ($2.07B), Pure Olive Oil ($1.49B), and Antibiotics ($1.46B)

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.

Historical Data

#permalink to section

Yearly Exports

#permalink to section
Compare to

Top Export (2019): Packaged Medicaments, $25B

Top Destination (2019): Germany, $64.5B

In 2019, Italy exported a total of $525B, making it the number 8 exporter in the world. During the last five reported years the exports of Italy have changed by $5.48B from $520B in 2014 to $525B in 2019.

The most recent exports are led by Packaged Medicaments ($25B), Cars ($15.4B), Vehicle Parts ($14.3B), Refined Petroleum ($13.9B), and Valves ($8.21B). The most common destination for the exports of Italy are Germany ($64.5B), France ($54.9B), United States ($51.8B), United Kingdom ($27.9B), and Spain ($26.7B).

Explore Visualizations

Yearly Imports

#permalink to section
Compare to

Top Import (2019): Crude Petroleum, $35.1B

Top Origin (2019): Germany, $75.1B

In 2019 Italy imported $480B, making it the number 10 trade destination in the world. During the last five reported years the imports of Italy changed by -$12.7B from $492B in 2014 to $480B in 2019.

The most recent imports of Italy are led by Crude Petroleum ($35.1B), Cars ($29.8B), Packaged Medicaments ($17.4B), Petroleum Gas ($15.8B), and Refined Petroleum ($9.11B). The most common import partners for Italy are Germany ($75.1B), France ($41.2B), China ($34.9B), Spain ($25.5B), and Netherlands ($23.9B).

Explore Visualizations


Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Italy Exports Services (2018): $139B

Italy Imports Services (2018): $136B

In 2018, Italy exported $139B worth of services. The top services exported by Italy in 2018 were Personal travel ($59.3B), Other business services ($37.1B), Transportation ($22B), Business travel ($9.1B), and Royalties and license fees ($6.89B).

The top services imported by Italy in 2018 were Other business services ($43B), Transportation ($37.6B), Personal travel ($29.1B), Business travel ($12.7B), and Royalties and license fees ($7.17B).

Tariffs by Product

#permalink to section

The top product import tariffs by their MFN Ad Valorem value for Italy are Sugar beet (178%) and Whey (173%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Italy are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
119: Customs Union between EU and Turkey
121: Economic Partnership Agreement (EPA) between the EU and the Southern African Development Community (SADC) EPA Group
122: EU preferential tariff for sugar producing countries
123: European Union Generalized System of Preference
124: European Union GSP for Least Developed Countries
136: Most Favoured Nation duty rate treatement
160: Preferential tariff for Albania
161: Preferential tariff for Algeria
162: Preferential tariff for Andorra
172: Preferential tariff for Bosnia and Herzegovina
177: Preferential tariff for Cameroon
181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado Común Centroamericano MCCA) Central American Integration System SICA
182: Preferential tariff for Chile
189: Preferential tariff for Colombia
205: Preferential tariff for Ecuador
206: Preferential tariff for Egypt
209: Preferential tariff for EPA countries
218: Preferential tariff for European Union countries
222: Preferential tariff for Faroe Islands
223: Preferential tariff for Fiji
224: Preferential tariff for for occupied Palestinian territory
226: Preferential tariff for Georgia
227: Preferential tariff for Ghana
238: Preferential tariff for Iceland
239: Preferential tariff for India
244: Preferential tariff for Israel
247: Preferential tariff for Jordan
249: Preferential tariff for Korea, Republic of
255: Preferential tariff for Lebanon
258: Preferential tariff for Liechtenstein
262: Preferential tariff for Macedonia
270: Preferential tariff for Mexico
272: Preferential tariff for Montenegro
273: Preferential tariff for Morocco
281: Preferential tariff for Norway
283: Preferential tariff for Overseas Countries and Territories
284: Preferential tariff for Pakistan
287: Preferential tariff for Papua New Guinea
289: Preferential tariff for Peru
293: Preferential tariff for San Marino
295: Preferential tariff for Selected Eastern and Southern African countries(Madagascar, Mauritius, Seychelles and Zimbabwe)
299: Preferential tariff for Singapore
302: Preferential tariff for South Africa
306: Preferential tariff for Switzerland
308: Preferential tariff for Syria
318: Preferential tariff for the republic of Moldova
321: Preferential tariff for Tunisia
325: Preferential tariff for Ukraine
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Italy has a high level of specialization in Vinegar (14.9), Carded Wool or Animal Hair Fabric (14.8), Combed Wool or Animal Hair Fabric (14.5), Vermouth (14.4), and Processed Tomatoes (14.3). Specialization is measured using RCA, an index that takes the ratio between Italy observed and expected exports in each product.

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Italy according to the product complexity index (PCI) are Machining centre, single/multistation transfer machine (2.42), Machines nes having individual functions (2.05), Machine-tools for shaping metals, nes (2.03), Measuring or checking instruments nes (1.93), and Machine-tools for non-mechanical removal of material (1.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Italy according to the relatedness index, are Agglomerated Cork (0.54), Spring, Air, and Gas Guns (0.54), Insulating Glass (0.53), Electrical Lighting and Signalling Equipment (0.53), and Magnesium (0.53). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Italy is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of Italy. These are products that tend to be co-exported with the products that Italy exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.

Economic Complexity Ranking

#permalink to section

During the last 20 years Italy's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨12th to the 17th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings