Imports/Exports in Italy
Italy is amongst the top 10 trade countries in the world and trade represents almost 60% of the GDP. Manufactured goods account for more than 90% of the country's exports. The country shows a deficit in trade and its balance got worse after the rise in oil prices in 2008 (the country imports 80% of its energy resources), and the appreciation of the euro. Despite its recent improvement, the trade balance should continue to deteriorate in the next coming years. The main trade partners of Italy are the European Union (Germany, France, Spain, Netherlands, United Kingdom), China, the United States, Switzerland and Russia.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||442,555||511,662||561,919||415,105||483,950|
|Exports of Goods (million USD)||416,875||499,882||542,748||406,909||447,847|
|Imports of Services (million USD)||98,032||118,554||127,207||107,094||108,184|
|Exports of Services (million USD)||97,372||110,439||114,526||93,953||97,021|
|Imports of Goods and Services (Annual % Change)||5.9||3.8||-4.3||-14.5||-|
|Exports of Goods and Services (Annual % Change)||6.2||5.0||-||-||-|
|Imports of Goods and Services (in % of GDP)||28.6||29.2||29.5||24.4||-|
|Exports of Goods and Services (in % of GDP)||27.7||29.0||28.9||24.0||-|
|Trade Balance (million USD)||-12,510||4,581||-1,046||3,259||-|
|Trade Balance (Including Service) (million USD)||-14,038||-5,080||-11,403||-||-|
|Foreign Trade (in % of GDP)||56.3||58.2||58.3||48.3||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|United Arab Emirates||1.3%|
|Other partnersClose extended list||59.2%|
(% of Imports)
|Other partnersClose extended list||58.1%|
Exchange Rate System
- Exchange Rate Regime
- Level of Currency Instability
- Very limited exchange risk since the euro is a major currency.
There are no particular regulations concerning currency exchange.
|Euro (EUR) - Average Annual Exchange Rate For 1 USD||0.80||0.80||0.73||0.68||0.72|
Source: World Bank
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