1.  Overview the trade of ITALY in goods current year until 202309

According to Dalian Infobank, in 202309, ITALY's exports and imports of goods amounted to 107745.9369 million, and were down 7.04% comparing with the same period of last year. Among these, exports were up 0.76% at 55057.4207 million, and imports were down 14.01% at 52688.5163 million. And the corresponding trade surplus was 2368.9044 million and down 135.74%.

During the current year until 202309, ITALY's total exports and imports of goods were 988746.6825 million and were down 2.84% comparing to the same period of last year. Among these, exports were 505288.2912 million and up 2.93%; imports were 483458.3913 million and down 8.21%. The total trade surplus was 21829.9000 million and down 160.98%.

If considering by country (region), GERMANY, FRANCE, UNITED STATES, INTRA-EU, CHINA were ITALY's top five trading partners. During the current year until 202309, ITALY's imports and exports to five countries/territories were 119213.1719 million, 78785.9764 million, 71474.4955 million, 59615.6598 million, 54685.9935 million. These values correspond to 12.06%, 7.97%, 7.23%, 6.03%, 5.53% of ITALY's imports and exports, and, respectively, were down 10.30%, down 10.19%, up 4.39%, 0, down 9.26% comparing to the same period of last year.

Current year until 202309, ITALY and the top five trade partners GERMANY, UNITED STATES, FRANCE, INTRA-EU, SWITZERLAND are the top five countries/territories that ITALY exports to in terms of the total export amount. During the current year until 202309, ITALY's exports to these five countries/territories were 54588.0529 million, 51889.3720 million, 45505.6002 million, 29487.3156 million, 24512.5369 million. These values correspond to 10.80%, 10.27%, 9.01%, 5.84%, 4.85% of ITALY's exports and, respectively, were down 11.76%, up 5.53%, down 7.89%, 0, up 4.26% comparing with the same period of last year.

Current year until 202309, ITALY's exports to top five countries/territories GERMANY, CHINA, FRANCE, INTRA-EU, NETHERLANDS are the top five countries/territories that ITALY imports from in terms of the total export amount. During the current year until 202309, ITALY's imports from these five countries/territories were 64625.1189 million, 38788.6997 million, 33280.3762 million, 30128.3442 million, 26111.6198 million. These values correspond to 13.37%, 8.02%, 6.88%, 6.23%, 5.40% of ITALY's total imports and, respectively, were down 9.02%, down 18.76%, down 13.17%, 0, down 11.00% comparing with the same period of last year.

During the current year until 202309, the trade surplus of ITALY was mainly from UNITED STATES, UNITED KINGDOM, FRANCE, SWITZERLAND, MEXICO at 32304.2485 million, 13793.0395 million, 12225.2240 million, 9423.6128 million, 3881.9165 million, and up 8.15%, down 7.58%, up 10.40%, up 5.92%, up 19.41%. And the trade deficits were mainly from CHINA, NETHERLANDS, GERMANY, ALGERIA, AZERBAIJAN at 22891.4059 million, 12855.2434 million, 10037.0660 million, 9618.1147 million, 9513.7851 million, and down 35.01%, down 12.91%, up 9.50%, down 14.11%, down 40.13%.

Current year until 202309, ITALY's trade surplus or deficit with top five countries/territories During the current year until 202309,  commodities with hs2 codes, 84, 27, 87, 85, 99, were ITALY's top five traded commodities. They correspond to the import and export values of 122302.0181 million, 90646.3781 million, 78760.2207 million, 69255.8657 million, 66223.6286 million, which were up 0.53%, down 34.51%, up 16.21%, down 3.01%, up 938.01% comparing with the same period of last year and account for 12.37%, 9.17%, 7.97%, 7.00%, 6.70% of ITALY's total imports and exports.

During the current year until 202309, 84, 87, 30, 99, 85 were ITALY's top five traded commodities, with total import and export values of 81329.9778 million, 37559.8433 million, 35340.1671 million, 34813.4036 million, 30661.6568 million. These values correspond to 16.10%, 7.43%, 6.99%, 6.89%, 6.07% of ITALY's total exports and, respectively, were up 5.06%, up 11.09%, up 0.93%, up 603.45%, up 1.51% comparing to the same period of last year.

During the current year until 202309, 27, 87, 84, 85, 99 were ITALY's top five traded commodities, with total import values of 70945.3429 million, 41200.3774 million, 40972.0403 million, 38594.2089 million, 31410.2250 million. These values correspond to 14.67%, 8.52%, 8.47%, 7.98%, 6.50% of ITALY's total exports and, respectively, were down 37.14%, up 21.31%, down 7.40%, down 6.33%, up 2095.07% comparing to the same period of last year.

2. Current year until 202309, ITALY binational trade profile

According to Dalian Infobank, during the current year until 202309, ITALY-China binational exports and imports of goods amounted to 54685.9935 million and were down 9.26% comparing with the same period of last year. Among these, exports from ITALY to China were 15897.2938 million and up 26.98%, imports from China to ITALY were 38788.6997 million and down 18.76%. The total binational trade deficit was 22891.4059 million and down 35.01%.

During the urrent year until 202309, 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 9992.0133 million, 9580.2665 million, 4739.7944 million, 3431.9561 million, 2535.7270 million and makes up 18.27%, 17.52%, 8.67%, 6.28%, 4.64% of the total binational imports and exports. These values were also down 8.53%, down 12.60%, up 273.46%, down 12.38%, down 6.97% comparing to the same period last year.

During the current year until 202309, 30, 84, 42, 62, 85 were the top five traded commodities exported to China from ITALY, with export values of 4419.9009 million, 3040.9098 million, 844.9161 million, 762.1906 million, 637.0404 million. These values account for 27.80%, 19.13%, 5.31%, 4.79%, 4.01% of ITALY's total exports and were up 410.59%, up 1.97%, up 26.83%, up 7.40%, down 0.57% comparing to the same period of last year.

During the current year until 202309, 85, 84, 29, 87, 72 were ITALY's top five traded commodities importing from China , with import values of 9354.9728 million, 6539.3567 million, 3310.7398 million, 1969.0935 million, 1467.0523 million. These values account for 24.12%, 16.86%, 8.54%, 5.08%, 3.78% of ITALY's total imports and were down 9.02%, down 18.05%, down 13.08%, up 13.56%, down 31.51% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat