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)
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.
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.
In 2017, Italy exported $101B worth of services. The top services exported by Italy in 2017 were Travel ($44.2B), Miscellaneous business, professional, and technical services ($21.4B), Transportation ($14.1B), Computer and information services ($9B), and Royalties and license fees ($4.53B).
The top services imported by Italy in 2017 were Travel ($27.5B), Miscellaneous business, professional, and technical services ($25.6B), Transportation ($25.2B), Computer and information services ($10.3B), and Financial services ($9.1B).
*The tariffs applied to imports for Italy are:109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)119: Customs Union between EU and Turkey121: Economic Partnership Agreement (EPA) between the EU and the Southern African Development Community (SADC) EPA Group122: EU preferential tariff for sugar producing countries123: European Union Generalized System of Preference124: European Union GSP for Least Developed Countries136: Most Favoured Nation duty rate treatement160: Preferential tariff for Albania161: Preferential tariff for Algeria162: Preferential tariff for Andorra172: Preferential tariff for Bosnia and Herzegovina177: Preferential tariff for Cameroon181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado ComΓΊn Centroamericano MCCA) Central American Integration System SICA182: Preferential tariff for Chile189: Preferential tariff for Colombia205: Preferential tariff for Ecuador206: Preferential tariff for Egypt209: Preferential tariff for EPA countries218: Preferential tariff for European Union countries222: Preferential tariff for Faroe Islands223: Preferential tariff for Fiji224: Preferential tariff for for occupied Palestinian territory226: Preferential tariff for Georgia227: Preferential tariff for Ghana238: Preferential tariff for Iceland239: Preferential tariff for India244: Preferential tariff for Israel247: Preferential tariff for Jordan249: Preferential tariff for Korea, Republic of255: Preferential tariff for Lebanon258: Preferential tariff for Liechtenstein262: Preferential tariff for Macedonia270: Preferential tariff for Mexico272: Preferential tariff for Montenegro273: Preferential tariff for Morocco281: Preferential tariff for Norway283: Preferential tariff for Overseas Countries and Territories284: Preferential tariff for Pakistan287: Preferential tariff for Papua New Guinea289: Preferential tariff for Peru293: Preferential tariff for San Marino295: Preferential tariff for Selected Eastern and Southern African countries(Madagascar, Mauritius, Seychelles and Zimbabwe)299: Preferential tariff for Singapore302: Preferential tariff for South Africa306: Preferential tariff for Switzerland308: Preferential tariff for Syria318: Preferential tariff for the republic of Moldova321: Preferential tariff for Tunisia325: Preferential tariff for Ukraine341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance
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.
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.
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.