Italy Import and Export Data 2023

 

The Italian Republic amid Southern and Eastern Europe is the tenth-largest economy of the European Union. Its land area of 301,340 million square kilometers leads to countries like Switzerland, Austria, Slovenia, and Vatican City in different directions. The plethora of flora and fauna of the nation contains diverse ranges of mountains and plateaus to rolling hills in other regions which promote the tourism sector of the country to a great extent. The major tourist spot of attraction of the nation is the capital city Rome which is home to some of the iconic landmarks like the Vatican City, Colosseum, and Pantheon.

Apart from its significant tourist destination places, the country is also popular for its considerable trade rates which contribute to the overall economic growth. The Italian economy is heavily dependent on the service sectors and the manufacturing industries for both domestic and international trade requirements. The attributing trade factors together with the government investments have recorded a GDP of 2.07 trillion US dollars in 2023 with an annual growth rate of 1.4% from the previous years.

TOP IMPORTS OF ITALY 2023

The rapidly evolving Italian industries demand higher industrial imports to exceed the total production rate to increase global trade reach. As per the ItalyImport Data, the top 10 imported products of 2023 with their trade values are discussed below,

 

  • Crude Petroleum – The import trade rate of Crude Petroleum 2023 – 63 billion US dollars
  • Cars– The import trade rate of Cars 2023 – 25 billion US dollars
  • Refined Petroleum – The import trade rate of Refined Petroleum 2023 – 21 billion US dollars
  • Packaged Medicaments – The import trade rate of Packaged Medicaments 2023 – 19 billion US dollars
  • Vehicle Parts – The import trade rate of Vehicle Parts 2023 – 17 billion US dollars
  • Computers – The import trade rate of Computers 2023 – 16 billion US dollars
  • Semi–Finished Iron Products – The import trade rate of Semi – Finished Iron Products 2023 – 15 billion US dollars
  • Packaged Medicinal Chemicals – The import trade rate of Packaged Medicinal Chemicals 2023 – 14 billion US dollars
  • Petroleum Gas – The import trade rate of Petroleum Gas 2023 – 10 billion US dollars
  • Gold – The import trade rate of Gold 2023 – 8 billion US dollars

TOP IMPORT DESTINATIONS OF ITALY 2023

The products that Italian industries used to import from different nations are mainly from its closed geographical partners which provide better trade rates. According to the Italy Trade Data, the top 10 import destinations of the nation with its annual generated revenue of 2023 is discussed below,

 

  • Germany – Annual generated import revenue of Europe from Germany 2023 – 85 billion US dollars
  • France – Annual generated import revenue of Europe from France 2023 – 75 billion US dollars
  • China – Annual generated import revenue of Europe from China 2023 – 60 billion US dollars
  • Netherlands – Annual generated import revenue of Europe from the Netherlands 2023 – 55 billion US dollars
  • Spain  – Annual generated import revenue of Europe from Spain 2023 –50 billion US dollars
  • United States – Annual generated import revenue of Europe from the United States 2023 – 45 billion US dollars
  • Switzerland – Annual generated import revenue of Europe from Switzerland 2023 – 40 billion US dollars
  • Belgium – Annual generated import revenue of Europe from Belgium 2023 – 35 billion US dollars
  • United Kingdom – Annual generated import revenue of United Kingdom from Germany 2023 – 30 billion US dollars
  • Austria – Annual generated import revenue of Europe from Austria 2023 – 25 billion US dollars

TOP EXPORTS OF ITALY 2023

The different attributing factors together with the increased production rate have maximized the total export trade value of Italian exports to a great extent. As per the Italy Export Data, the export trade values of the top Italian Exports in 2023 are discussed below,

 

  • Machinery – The export trade value of machinery in 2023 – 101 billion US dollars
  • Vehicles – The export trade value of vehicles in 2023 – 75 billion US dollars
  • Pharmaceuticals – The export trade value of pharmaceuticals in 2023 – 65 billion US dollars
  • Iron and Steel – The export trade value of iron and steel in 2023 – 50 billion US dollars
  • Clothing and Textiles – The export trade value of clothing and textiles in 2023 – 43 billion US dollars
  • Furniture – The export trade value of furniture in 2023 – 32 billion US dollars
  • Plastics – The export trade value of plastics in 2023 – 21 billion US dollars
  • Food Products – The export trade value of food products in 2023 – 18 billion US dollars
  • Leather Goods – The export trade value of leather goods in 2023 – 10 billion US dollars
  • Optical and Medical Instruments – The export trade value of optical and medical instruments in 2023 – 8 billion US dollars

TOP EXPORT DESTINATIONS OF ITALY 2023

The Italy Customs Data says the top 10 export destinations of the nation are selected based on its trade agreements and offered trade values to generate impactful revenue rates in 2023. The top 10 export destinations of the nation with its revenue rates of 2023 are discussed below,


  • Germany – Annual Export revenue of Germany 2023 – 95 billion US dollars
  • France – Annual Export revenue of France 2023 – 65 billion US dollars
  • United States – Annual Export revenue of United States 2023 – 55 billion US dollars
  • United Kingdom – Annual Export revenue of United Kingdom 2023 – 45 billion US dollars
  • Belgium – Annual Export revenue of Belgium 2023 – 35 billion US dollars
  • China– Annual Export revenue of China 2023 – 25 billion US dollars
  • Spain – Annual Export revenue of Spain 2023 – 20 billion US dollars
  • Switzerland – Annual Export revenue of Switzerland 2023 – 18 billion US dollars
  • Netherlands – Annual Export revenue of Netherlands 2023 – 12 billion US dollar
  • Turkey – Annual Export revenue of Turkey 2023 – 10 billion US dollars

Comments

Post a Comment

Popular posts from this blog

Get Import Export Information Mexico

Are you planning to do import export business with Mexico? If so, you need to have thorough knowledge of the market scenario of Mexico before venturing into business. Access to the Latest Import Export Data from a good data service provider will help you get clear inputs about trade dynamics of the country. If you are an importer in Mexico and want to imports goods, it is important you get real-time details of custom and statistical data. Mexico Import Data will help you to have clear picture of import value of the country, import partners, shipment data, custom data, statistical data, HS codes, competitors, country of origin and many key details that will help importers plan calculative business moves. If you are an exporter and plan to export goods, Mexico Export Data will help you understand the export status of the country. It gives insights about the buyers of the traded products. Authentic, real time and flawless export data help the exporters to stay ahead in the race. By usi
Read more

Importance of Turkey Import Export in Trade Data Business

Are you planning to do trade business with Turkey? If so, it is very important to know the trade dynamics of the country so that you can make informed business decisions. Here comes the need of Turkey Global Import Export Data details on real-time basis for successful international trade expansion. Turkey Import Data is collected of statistical information about each company’s business activities. It is based on the shipping bills, import bills, invoices and other import export documents. The data provides a bird’s eye view of the commodities that are imported or exported in Turkey. The Turkey import and export data contains information about price, HS code, importers’ details, exporters’ details, custom data, shipment data, competitors’ data, product description and quantity. Know the importance of Turkey import export data 1. The authentic and real-time import export data is used to estimate the consumption pattern of Turkey. The businesses can predict the local demand of commoditi
Read more

Russia Import Export Statistics 2023

  Russia's trade activities were significant, with both exports and imports playing crucial roles in its economy. Here's a general overview: Exports: Energy Resources: Russia is renowned for its vast energy resources, particularly oil and natural gas. These resources constitute a substantial portion of Russia's export revenue. Russia Export Data Minerals and Metals: Russia also exports various minerals and metals, including iron ore, coal, aluminum, and copper. Arms and Military Equipment: The country is a significant exporter of arms and military equipment to various countries around the world. Agricultural Products: Russia exports agricultural commodities such as wheat, barley, and other grains. Imports: Machinery: Russia imports machinery and equipment for industrial purposes, including machinery for manufacturing and infrastructure development. Russia Import Data Consumer Goods: Like many countries, Russia imports various consumer goods such as electronics, clothi
Read more