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), 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.