1.  Overview the trade of ITALY in goods current year until 202305

According to Dalian Infobank, in 202305, ITALY's exports and imports of goods amounted to 118921.8231 million, and were down 0.69% comparing with the same period of last year. Among these, exports were up 3.67% at 62039.6246 million, and imports were down 5.05% at 56882.1984 million. And the corresponding trade surplus was 5157.4262 million and down 7944.28%.

During the current year until 202305, ITALY's total exports and imports of goods were 559217.5820 million and were down 1.52% comparing to the same period of last year. Among these, exports were 285308.2032 million and up 3.01%; imports were 273909.3788 million and down 5.83%. The total trade surplus was 11398.8244 million and down 182.08%.

If considering by country (region), INTRA-EU, GERMANY, FRANCE, UNITED STATES, CHINA were ITALY's top five trading partners. During the current year until 202305, ITALY's imports and exports to five countries/territories were 64473.5099 million, 61499.9490 million, 40019.8072 million, 37517.5952 million, 31673.1288 million. These values correspond to 11.53%, 11.00%, 7.16%, 6.71%, 5.66% of ITALY's imports and exports, and, respectively, were 0, down 22.14%, down 20.93%, down 0.36%, down 1.54% comparing to the same period of last year.

Current year until 202305, ITALY and the top five trade partners INTRA-EU, UNITED STATES, GERMANY, FRANCE, SWITZERLAND are the top five countries/territories that ITALY exports to in terms of the total export amount. During the current year until 202305, ITALY's exports to these five countries/territories were 32399.8414 million, 27761.1194 million, 27750.3118 million, 23052.9039 million, 13694.8388 million. These values correspond to 11.36%, 9.73%, 9.73%, 8.08%, 4.80% of ITALY's exports and, respectively, were 0, up 1.93%, down 23.60%, down 19.48%, up 1.69% comparing with the same period of last year.

Current year until 202305, ITALY's exports to top five countries/territories GERMANY, INTRA-EU, CHINA, FRANCE, NETHERLANDS are the top five countries/territories that ITALY imports from in terms of the total export amount. During the current year until 202305, ITALY's imports from these five countries/territories were 33749.6373 million, 32073.6685 million, 21208.9949 million, 16966.9033 million, 13423.1517 million. These values correspond to 12.32%, 11.71%, 7.74%, 6.19%, 4.90% of ITALY's total imports and, respectively, were down 20.89%, 0, down 16.35%, down 22.81%, down 19.88% comparing with the same period of last year.

During the current year until 202305, the trade surplus of ITALY was mainly from UNITED STATES, UNITED KINGDOM, FRANCE, SWITZERLAND, UNITED ARAB EMIRATES at 18004.6436 million, 7961.6787 million, 6086.0007 million, 5714.6127 million, 2256.1993 million, and up 7.05%, down 8.68%, down 8.47%, down 1.95%, up 56.71%. And the trade deficits were mainly from CHINA, NETHERLANDS, GERMANY, AZERBAIJAN, ALGERIA at 10744.8610 million, 6691.5702 million, 5999.3255 million, 5550.4747 million, 5516.4669 million, and down 42.04%, down 20.61%, down 5.39%, down 30.49%, up 33.18%.

Current year until 202305, ITALY's trade surplus or deficit with top five countries/territories During the current year until 202305,  commodities with hs2 codes, 99, 84, 27, 87, 85, were ITALY's top five traded commodities. They correspond to the import and export values of 68148.0380 million, 63998.2418 million, 51076.0279 million, 40928.9989 million, 36765.4324 million, which were up 1878.00%, down 7.20%, down 25.48%, up 5.26%, down 3.83% comparing with the same period of last year and account for 12.19%, 11.44%, 9.13%, 7.32%, 6.57% of ITALY's total imports and exports.

During the current year until 202305, 84, 99, 87, 30, 85 were ITALY's top five traded commodities, with total import and export values of 42489.8352 million, 35325.3543 million, 19996.9664 million, 19308.2891 million, 16246.6122 million. These values correspond to 14.89%, 12.38%, 7.01%, 6.77%, 5.69% of ITALY's total exports and, respectively, were down 2.91%, up 1134.61%, up 1.30%, up 2.34%, down 4.16% comparing to the same period of last year.

During the current year until 202305, 27, 99, 84, 87, 85 were ITALY's top five traded commodities, with total import values of 40538.8960 million, 32822.6838 million, 21508.4066 million, 20932.0325 million, 20518.8201 million. These values correspond to 14.80%, 11.98%, 7.85%, 7.64%, 7.49% of ITALY's total exports and, respectively, were down 27.52%, up 5519.90%, down 14.64%, up 9.34%, down 3.57% comparing to the same period of last year.

2. Current year until 202305, ITALY binational trade profile

According to Dalian Infobank, during the current year until 202305, ITALY-China binational exports and imports of goods amounted to 31673.1288 million and were down 1.54% comparing with the same period of last year. Among these, exports from ITALY to China were 10464.1339 million and up 53.55%, imports from China to ITALY were 21208.9949 million and down 16.35%. The total binational trade deficit was 10744.8610 million and down 42.04%.

During the urrent year until 202305, commodities with hs2 code, 85, 84, 30, 29, 87, were binational trade's top five traded commodities. They correspond to import and export values of 5577.1001 million, 5324.4677 million, 4290.2894 million, 2012.0386 million, 1361.4153 million and makes up 17.61%, 16.81%, 13.55%, 6.35%, 4.30% of the total binational imports and exports. These values were also down 2.33%, down 15.14%, up 521.35%, up 3.80%, down 7.32% comparing to the same period last year.

During the current year until 202305, 30, 84, 42, 62, 85 were the top five traded commodities exported to China from ITALY, with export values of 4117.7829 million, 1618.5436 million, 474.3492 million, 371.5228 million, 366.8523 million. These values account for 39.35%, 15.47%, 4.53%, 3.55%, 3.51% of ITALY's total exports and were up 806.03%, down 1.39%, up 28.82%, up 10.13%, up 3.51% comparing to the same period of last year.

During the current year until 202305, 85, 84, 29, 87, 72 were ITALY's top five traded commodities importing from China , with import values of 5210.2478 million, 3705.9242 million, 1940.8769 million, 1034.5621 million, 848.4233 million. These values account for 24.57%, 17.47%, 9.15%, 4.88%, 4.00% of ITALY's total imports and were down 2.72%, down 20.01%, up 3.44%, up 7.55%, down 24.34% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat