Italy - Foreign trade



Italy Foreign Trade 1757
Photo by: Pavel Losevsky

Industrial products, textiles and apparel, and foodstuffs are Italy's most important exports. Fuels, meat, grain products, and various raw materials are among the major imports. Trade deficits were substantial between the end of World War II and 1955, but between 1956 and 1968 the deficit gradually declined, and Italy's trade balance continued in relative equilibrium through 1972. Then, as prices of crude oil and other raw-material imports rose, Italy again began registering growing trade deficits. In 1993, however, a large surplus was recorded because of an export boom that followed the devaluation of the lira in September 1992, and Italy has been in a situation of surplus ever since.

The bulk of manufactured imports come from EU countries and the US, which are also the leading customers for Italian exports. The big commodity exports from Italy include industrial and automobile machinery and parts (38.4%), furniture (3.6%), and shoes (2.6%). The top ten exports are as follows:

Italy

% OF COUNTRY TOTAL
Furniture 3.6
Automobiles 3.1
Motor vehicle parts and accessories 3.0
Other machinery for special industry 3.0
Footwear 2.6
Non-electric machinery parts 2.4
Gold, silverware and jewelry 2.3
Household type equipment 2.1
Heating and cooling equipment 1.7
Power-generating machinery 2.2

In 2000 Italy's imports were distributed among the following categories:

Italy

Consumer goods 12.5%
Food 7.4%
Fuels 9.8%
Industrial supplies 31.4%
Machinery 20.1%
Transportation 14.9%
Other 3.9%

Principal trading partners in 2000 (in millions of US dollars) were as follows:

Italy

COUNTRY EXPORTS IMPORTS BALANCE
Germany 35,645 41,198 -5,553
France 29,607 26,377 3,230
United States 24,555 12,435 12,120
United Kingdom 16,260 12,821 3,439
Spain 14,737 9,719 5,018
Switzerland 7,908 7,064 844
Belgium 6,395 9,476 -3,081
Netherlands 6,271 13,342 -7,071
China (inc. Hong Kong) 5,168 6,465 -1,297
Japan 3,976 5,915 -1,939

User Contributions:

Lawna Good
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Apr 17, 2008 @ 7:07 am
I love the country, Italy. I would love to visit there someday.
shawnie
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May 20, 2008 @ 8:20 pm
hi im the same girl as the last person my nick name is sarh and i just turned 12yrs old!!! on apr. 28th!!!!!and i really do love love italy i have family from there...
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Oct 22, 2010 @ 9:09 am
thanks helped with school work ALLOT! THANKS allot

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