Overview: In 2018 Italy was the number 8 economy in the world in terms of GDP (current US$), the number 8 in total exports, the number 9 in total imports, and the number 18 most complex economy according to the Economic Complexity Index (ECI). In 2018, Italy exported $540B and imported $509B, resulting in a positive trade balance of $30.4B. In 2018, Italy's exports per capita were $8.93k and its imports per capita were $8.43k.
Trade: The top exports of Italy are Packaged Medicaments ($20.2B), Cars ($17.2B), Refined Petroleum ($16.1B), Vehicle Parts ($15.2B), and Valves ($8.27B). The top imports of Italy are Crude Petroleum ($41.9B), Cars ($32.4B), Petroleum Gas ($18.2B), Packaged Medicaments ($16.9B), and Refined Petroleum ($10.3B).
Destinations: Italy exports mostly to Germany ($67.8B), France ($56.4B), United States ($50.6B), Spain ($28B), and United Kingdom ($27.7B), and imports mostly from Germany ($81.2B), France ($42.9B), China ($35.6B), Spain ($25.4B), and Netherlands ($25.1B).
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.