Country intelligence · ITA · 2024

Italy trade profile

In 2024, Italy recorded $654.3B in merchandise exports and $595.0B in imports, producing a $59.2B trade surplus. Exports changed -0.3% from the previous year, while imports changed -3.3%.^[1]

Exports

$654.3B

-0.3%

Imports

$595.0B

-3.3%

Trade balance

$59.2B

surplus

Active partners

270

108 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

ExportsImports

Exact annual values

Year	Exports	Imports	Balance	Export growth
2024	$654.3B	$595.0B	$59.2B	-0.3%
2023	$656.0B	$615.2B	$40.8B	+2.4%
2022	$640.4B	$658.4B	-$18.0B	+6.0%
2021	$604.4B	$554.0B	$50.4B	+23.6%
2020	$488.9B	$415.8B	$73.1B	-7.2%
2019	$527.1B	$467.5B	$59.6B	-2.4%
2018	$540.3B	$495.3B	$45.1B	+9.1%
2017	$495.1B	$442.3B	$52.8B	+9.4%
2016	$452.7B	$399.0B	$53.6B	+1.1%
2015	$447.5B	$406.0B	$41.5B	-12.7%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

HS 84 · Machinery

515 active HS6 lines · 197 export partners

$111.9B

HS 30 · Pharmaceutical products

43 active HS6 lines · 178 export partners

$58.3B

HS 87 · Vehicles

87 active HS6 lines · 182 export partners

$47.2B

HS 85 · Electrical machinery

262 active HS6 lines · 192 export partners

$44.0B

HS 71 · Precious metals and stones

51 active HS6 lines · 166 export partners

$26.4B

HS 39 · HS chapter

129 active HS6 lines · 189 export partners

$23.9B

HS 73 · HS chapter

124 active HS6 lines · 189 export partners

$20.8B

HS 27 · Mineral fuels and oils

42 active HS6 lines · 175 export partners

$20.6B

Leading export markets

Destinations rank bilateral export flows from Italy; growth describes each corridor rather than the whole economy.

United States

Annual change +2.3% · 3-year CAGR 7.8%

$74.5B

Germany

Annual change -7.2% · 3-year CAGR -2.3%

$71.7B

France

Annual change -5.4% · 3-year CAGR -0.0%

$60.8B

Spain

Annual change +2.1% · 3-year CAGR 4.7%

$33.8B

Switzerland

Annual change +0.7% · 3-year CAGR 2.3%

$31.9B

United Kingdom

Annual change +5.8% · 3-year CAGR 5.0%

$30.4B

China

Annual change -10.4% · 3-year CAGR -3.6%

$21.4B

Poland

Annual change -0.9% · 3-year CAGR 2.6%

$19.2B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.

Data sources Methodology Open country workspace