Exporter Rank

8 / 138

Importer Rank

11 / 138

Trade Balance Rank

14 / 138

Total Trade [1]

Total Exports (2021) $615,910,260,060
Total Imports (2021) $568,202,425,245
Trade Balance (2021) $47,707,834,815
Exports of goods and services (% of GDP) (2022) [2] 37.15%
Imports of goods and services (% of GDP) (2022) [2] 38.69%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Germany $79,761,126,494
France $63,223,815,415
United States $58,372,634,230
Switzerland $32,226,686,776
Spain $30,989,530,504
United Kingdom $27,694,254,604
Belgium $21,367,502,862
Poland $19,448,537,868
China $18,518,365,846
Netherlands $18,023,075,434

Import Partners

Top 10 Import Countries

Country Import USD$
Germany $91,042,400,817
France $46,207,855,713
China $45,626,710,349
Netherlands $33,147,094,532
Spain $30,110,944,646
Belgium $24,847,906,753
Russia $22,052,574,253
United States $18,692,044,146
Poland $14,802,480,240
Switzerland $13,224,187,230

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(84) Industrial Machinery $108,719,127,029
(87) Motor Vehicles & Parts $45,778,485,174
(85) Electrical Machinery $38,197,344,730
(30) Pharmaceuticals $36,715,910,054
(39) Plastics $26,509,457,028
(73) Iron & Steel Articles $21,471,197,597
(71) Precious Stones & Metals $20,817,562,846
(72) Iron & Steel $19,184,702,597
(27) Oil & Mineral Fuels $18,338,887,095
(94) Furniture $15,874,595,331

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $75,604,145,522
(84) Industrial Machinery $54,691,948,454
(85) Electrical Machinery $47,720,292,316
(87) Motor Vehicles & Parts $45,335,201,356
(30) Pharmaceuticals $30,829,217,951
(72) Iron & Steel $28,486,680,193
(39) Plastics $27,435,468,254
(29) Organic Chemicals $19,133,958,350
(71) Precious Stones & Metals $19,030,497,705
(90) Precision Instruments $15,368,448,462

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
Italy