Italy

Overview In 2023, Italy was the number 8 economy in the world in terms of GDP (current US$), the number 6 in total exports, the number 10 in total imports, the number 32 economy in terms of GDP per capita (current US$) and the number 18 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Italy are Packaged Medicaments ($37.6B), Cars ($20.5B), Refined Petroleum ($20.3B), Motor vehicles; parts and accessories (8701 to 8705) ($16.4B), and Jewellery ($12.4B), exporting mostly to Germany ($71.4B), United States ($70.9B), France ($61.1B), Spain ($30.1B), and United Kingdom ($29.5B).

In 2023, Italy was the world's biggest exporter of Pasta ($4.37B), Unglazed Ceramics ($4.32B), Other Small Iron Pipes ($4.03B), Recreational Boats ($3.45B), and Processed Tomatoes ($2.78B)

Imports The top imports of Italy are Petroleum Gas ($43.4B), Crude Petroleum ($36.6B), Cars ($36.4B), Packaged Medicaments ($20B), and Refined Petroleum ($11.3B), importing mostly from Germany ($94.7B), France ($56.3B), China ($47.7B), Netherlands ($38.1B), and Spain ($34.7B).

In 2023, Italy was the world's biggest importer of Pure Olive Oil ($2.57B), Fermented Milk Products ($585M), Prepared Wool or Animal Hair ($403M), Animal Hair ($387M), and Non-Retail Combed Wool Yarn ($336M)

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.