Detailed Analysis of Italy Import and Export Trade
Italy
in Southern Europe rich in traditions and enthusiastic history is spanned over
a land area of 301,340 million square kilometers. The country holds a
population of 60 million and is popular across the world for its delicious
cuisines, beautiful landscapes like rolling hills and mountains, and landmarks
like the Colosseum and the Leaning Tower of Pissa attracting the majority of
the tourists visit every year. The country with a GDP of more than 2 trillion
US dollars in 2023 has recorded the 8th position among the top globally growing
economies across the globe.
The
majority of the economic stability is because of the higher ranges of exports
from the nation having a share of 30% in its GDP accounting for a value of
almost 450 billion US dollars in 2023. Machinery, Vehicles, and Pharmaceuticals
are some of the top exported commodities of the nation which has recorded an
export trade value of 101 billion US dollars, 75 billion US dollars, and 65 billion
US dollars in 2023. Different kinds of beneficial steps have been taken by the
government like tariff reduction on some goods, and simplified customs
procedures for facilitating the global trade rate says the Italy Trade Data.
TOP
TRADED COMMODITIES OF ITALY
Italy
in Southern Europe has been rapidly moving forward on its way to becoming one
of the top global traders mainly because of its increasing exports and economic
stability. The imports of the nation account for the domestic needs and boost the
annual revenue. As per the Italy Customs Data, the top 10 imported and
exported commodities of the nation in 2023 with their trade values are
discussed below,
IMPORT
- Crude
Petroleum – The import trade value generated by the import of Crude
Petroleum in 2023 – 63 billion US dollars
- Cars– The
import trade value generated by the import of Cars in 2023 – 25 billion US
dollars
- Refined
Petroleum – The import trade value generated by the import of Refined
Petroleum in 2023 – 21 billion US dollars
- Packaged Medicaments
– The import trade value generated by the import of Packaged Medicaments
in 2023 – 19 billion US dollars
- Vehicle
Parts – The import trade value generated by the import of Vehicle Parts in
2023 – 17 billion US dollars
- Computers –
The import trade value generated by the import of Computers in 2023 – 16
billion US dollars
- Semi–Finished
Iron Products – The import trade value generated by the import of Semi –
Finished Iron Products in 2023 – 15 billion US dollars
- Packaged
Medicinal Chemicals – The import trade value generated by the import of
Packaged Medicinal Chemicals in 2023 – 14 billion US dollars
- Petroleum
Gas – The import trade value generated by the import of Petroleum Gas in
2023 – 10 billion US dollars
- Gold – The
import trade value generated by the import of Gold in 2023 – 8 billion US
dollars
EXPORTS
- Machinery –
The export trade value generated by the export of machinery in 2023 – 101
billion US dollars
- Vehicles –
The export trade value generated by the export of vehicles in 2023 – 75
billion US dollars
- Pharmaceuticals
– The export trade value generated by the export of pharmaceuticals in
2023 – 65 billion US dollars
- Iron and
Steel – The export trade value generated by the export of iron and steel
in 2023 – 50 billion US dollars
- Clothing and
Textiles – The export trade value generated by the export of clothing and
textiles in 2023 – 43 billion US dollars
- Furniture –
The export trade value generated by the export of furniture in 2023 – 32
billion US dollars
- Plastics –
The export trade value generated by the export of plastics in 2023 – 21
billion US dollars
- Food
Products – The export trade value generated by the export of food products
in 2023 – 18 billion US dollars
- Leather
Goods – The export trade value generated by the export of leather goods in
2023 – 10 billion US dollars
- Optical and
Medical Instruments – The export trade value generated by the export of
optical and medical instruments in 2023 – 8 billion US dollars
TOP
TRADED AGRICULTURAL GOODS OF ITALY
The
agricultural trades along with the industrial commodities have been a
significant player in the economy of Italy. As per the Italy Import Data,
the top traded agricultural goods in 2023 with its trade values are discussed
below,
- Wine – The trade
value of wine from Italy in 2023 is 8 billion US dollars.
- Pasta – The trade
value of pasta from Italy in 2023 is 5 billion US dollars.
- Olive Oil–The trade
value of olive oil from Italy in 2023 is 4.5 billion US dollars.
- Cheese – The trade
value of cheese from Italy in 2023 is 3 billion US dollars.
- Tomatoes –The trade
value of tomatoes from Italy in 2023 is 2 billion US dollars.
- Citrus
Fruits – The
trade value of citrus fruits from Italy in 2023 is 1 billion US dollars.
- Bread and
Bakery Products – The
trade value of bread and bakery products from Italy in 2023 is 900 million
US dollars.
- Rice – The trade
value of rice from Italy in 2023 is 800 million US dollars.
- Coffee – The trade
value of coffee from Italy in 2023 is 500 million US dollars.
- Grapes – The trade
value of grapes from Italy in 2023 is 400 million US dollars.
TOP LEADING EXPORTERS OF ITALY IN 2023
The
Italy Export Data enlists the below-mentioned companies as the top
exporters of the nation; the trade values of the top producers in 2023 with its
trade values are discussed below,
- Eni – The
annual trade value of Eni in 2023 – 61 billion US dollars
- FCA Fiat
Chrysler Automobiles – The annual trade value of FCA Fiat Chrysler
Automobiles in 2023 – 29 billion US dollars
- Telecom
Italia – The annual trade value of Telecom Italia in 2023 – 20
billion US dollars
- Groupe Seb
Italia – The annual trade value of Groupe Seb Italia in 2023 – 13 billion
US dollars
- Prysmian
Group – The annual trade value of Prysmian Group in 2023 – 11 billion US
dollars
- Luxottica
Group S.p.A – The annual trade value of Luxottica Group S.p.A
In 2023 – 7 billion US dollars
- Pirelli
& C SpA – The annual trade value of Pirelli & C SpA in 2023 – 6
billion US dollars
- Barilla –
The annual trade value of Barilla in 2023 – 5 billion US dollars
- Ferrero SpA – The annual trade value of Ferrero SpA in 2023 – 4 billion US dollars
Salini Impregilo – The annual trade value of Salini Impregilo in 2023 – 3 billion US dollars
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