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Italy is the 8th largest export economy in the world. In 2016, Italy exported $455B and imported $401B, resulting in a positive trade balance of $54.3B. In 2016 the GDP of Italy was $1.85T and its GDP per capita was $38.2k.

The top exports of Italy are Packaged Medicaments ($24.2B), Cars ($17.1B), Vehicle Parts ($14.5B), Unspecified ($14.4B) and Refined Petroleum ($11.4B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Cars ($31.4B), Crude Petroleum ($28.6B), Packaged Medicaments ($15.2B), Unspecified ($13.7B) and Petroleum Gas ($12.1B).

The top export destinations of Italy are Germany ($58.3B), France ($48.6B), the United States ($40.9B), the United Kingdom ($24.9B) and Spain ($23.2B). The top import origins are Germany ($67.2B), France ($35.7B), China ($26.4B), Spain ($22.5B) and Belgium ($20.8B).

Italy borders Austria, Switzerland, France, San Marino, Slovenia and the Holy See (Vatican City) by land and Algeria, Libya, Tunisia, Albania, Spain, Greece, Croatia, Malta and Montenegro by sea.

Economic Complexity of Italy

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