Trade Policy and Regulations in Italy
Foreign Trade in Figures
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||2005||2006||2007||2008||2009|
|Imports of Goods (million USD)||384,790||442,555||511,880||562,102||412,721|
|Exports of Goods (million USD)||373,135||416,875||500,088||543,050||405,777|
|Imports of Services (million USD)||88,364||98,107||118,685||127,861||114,581|
|Exports of Services (million USD)||88,094||97,554||110,682||118,398||101,237|
|Imports of Goods and Services (Annual % Change)||2||6||4||-4||-15|
|Exports of Goods and Services (Annual % Change)||1||6||5||-||-|
|Trade Balance (million USD)||564||-12,510||4,581||-1,046||3,259|
|Current Account (million USD)||-29,744||-47,828||-51,574||-78,144||-66,199|
|Foreign Trade (in % of GDP)||52||56||58||58||48|
|Imports of Goods and Services (in % of GDP)||26||29||29||29||24|
|Exports of Goods and Services (in % of GDP)||26||28||29||29||24|
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%|
- Main International Economic Cooperation
- Member of
World Trade Organisation
Member of the European Union.
Member of the Eurozone.
Member of the European Economic Area which has guaranteed, since 1 January 1993, the free movement of most goods between European countries.
Multilateral and bilateral agreements with many countries but Italy is not part of all the agreements and unions to which the EU is a signatory.
- Assessment of Commercial Policy
Webpages of the WTO on Italy
Barriers to exchanges
- Average Customs Duty (Excluding Agricultural Products)
- While the principle of free movement of goods forms the internal part of the Customs Union, the CCT forms the external part as it enables uniform Customs duties to be applied to products from third party countries, whichever Member State is the country of destination. Duties for countries outside Europe are not very high, especially for industrial products (4.2% on average for the general tariff).
- Useful Resources
- National Organization of Intellectual Property
Italian Bureau for Patents and Trademarks (the official agency for the protection of intellectual property in Italy).
Copyright SIAE (Società Italiana degli Autori ed Editori : Italian Society for Authors and Editors).
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