1.  Overview the trade of ITALY in goods current year until 202312

According to Dalian Infobank, in 202312, ITALY's exports and imports of goods amounted to 98566.6435 million, and were down 9.75% comparing with the same period of last year. Among these, exports were down 4.82% at 52319.7737 million, and imports were down 14.75% at 46246.8698 million. And the corresponding trade surplus was 6072.9039 million and up 738.43%.

During the current year until 202312, ITALY's total exports and imports of goods were 1316934.5243 million and were down 2.65% comparing to the same period of last year. Among these, exports were 677110.6635 million and up 2.82%; imports were 639823.8608 million and down 7.85%. The total trade surplus was 37286.8026 million and down 204.30%.

If considering by country (region), GERMANY, FRANCE, UNITED STATES, CHINA, SPAIN were ITALY's top five trading partners. During the current year until 202312, ITALY's imports and exports to five countries/territories were 164644.1067 million, 108844.7484 million, 97887.0820 million, 71922.6812 million, 65709.4544 million. These values correspond to 12.50%, 8.27%, 7.43%, 5.46%, 4.99% of ITALY's imports and exports, and, respectively, were down 6.11%, down 6.34%, up 5.61%, down 7.64%, down 1.20% comparing to the same period of last year.

Current year until 202312, ITALY and the top five trade partners GERMANY, UNITED STATES, FRANCE, SWITZERLAND, SPAIN are the top five countries/territories that ITALY exports to in terms of the total export amount. During the current year until 202312, ITALY's exports to these five countries/territories were 75055.6010 million, 71545.3797 million, 62929.8971 million, 32945.3618 million, 32850.0150 million. These values correspond to 11.08%, 10.57%, 9.29%, 4.87%, 4.85% of ITALY's exports and, respectively, were down 7.51%, up 6.33%, down 4.35%, up 1.20%, down 2.80% comparing with the same period of last year.

Current year until 202312, ITALY's exports to top five countries/territories GERMANY, CHINA, FRANCE, NETHERLANDS, SPAIN are the top five countries/territories that ITALY imports from in terms of the total export amount. During the current year until 202312, ITALY's imports from these five countries/territories were 89588.5057 million, 51423.1881 million, 45914.8513 million, 36321.5380 million, 32859.4393 million. These values correspond to 14.00%, 8.04%, 7.18%, 5.68%, 5.14% of ITALY's total imports and, respectively, were down 4.90%, down 15.30%, down 8.94%, down 6.32%, up 0.46% comparing with the same period of last year.

During the current year until 202312, the trade surplus of ITALY was mainly from UNITED STATES, UNITED KINGDOM, FRANCE, SWITZERLAND, MEXICO at 45203.6774 million, 18361.6544 million, 17015.0458 million, 13571.6550 million, 5370.0486 million, and up 7.94%, down 6.74%, up 10.74%, up 2.49%, up 21.54%. And the trade deficits were mainly from CHINA, NETHERLANDS, GERMANY, AZERBAIJAN, ALGERIA at 30923.6950 million, 17781.7564 million, 14532.9047 million, 12443.0087 million, 12202.7420 million, and down 29.00%, down 8.14%, up 11.29%, down 40.25%, down 26.77%.

Current year until 202312, ITALY's trade surplus or deficit with top five countries/territories During the current year until 202312,  commodities with hs2 codes, 84, 27, 87, 85, 30, were ITALY's top five traded commodities. They correspond to the import and export values of 168143.4831 million, 120132.3248 million, 109402.2325 million, 95231.8938 million, 79184.4450 million, which were up 2.14%, down 33.92%, up 18.27%, down 1.52%, down 3.68% comparing with the same period of last year and account for 12.77%, 9.12%, 8.31%, 7.23%, 6.01% of ITALY's total imports and exports.

During the current year until 202312, 84, 87, 30, 85, 99 were ITALY's top five traded commodities, with total import and export values of 112604.8239 million, 51713.7738 million, 48572.9437 million, 42480.6351 million, 31691.4662 million. These values correspond to 16.63%, 7.64%, 7.17%, 6.27%, 4.68% of ITALY's total exports and, respectively, were up 6.27%, up 13.59%, up 2.25%, up 4.02%, up 367.12% comparing to the same period of last year.

During the current year until 202312, 27, 87, 84, 85, 30 were ITALY's top five traded commodities, with total import values of 93018.8926 million, 57688.4587 million, 55538.6592 million, 52751.2587 million, 30611.5013 million. These values correspond to 14.54%, 9.02%, 8.68%, 8.24%, 4.78% of ITALY's total exports and, respectively, were down 36.90%, up 22.80%, down 5.31%, down 5.57%, down 11.81% comparing to the same period of last year.

2. Current year until 202312, ITALY binational trade profile

According to Dalian Infobank, during the current year until 202312, ITALY-China binational exports and imports of goods amounted to 71922.6812 million and were down 7.64% comparing with the same period of last year. Among these, exports from ITALY to China were 20499.4931 million and up 19.47%, imports from China to ITALY were 51423.1881 million and down 15.30%. The total binational trade deficit was 30923.6950 million and down 29.00%.

During the urrent year until 202312, commodities with hs2 code, 85, 84, 29, 30, 87, were binational trade's top five traded commodities. They correspond to import and export values of 13463.7237 million, 12577.0054 million, 5540.3965 million, 5015.9465 million, 3305.5292 million and makes up 18.72%, 17.49%, 7.70%, 6.97%, 4.60% of the total binational imports and exports. These values were also down 6.53%, down 10.61%, up 3.50%, up 141.05%, down 3.98% comparing to the same period last year.

During the current year until 202312, 30, 84, 42, 62, 85 were the top five traded commodities exported to China from ITALY, with export values of 4635.2117 million, 4160.1862 million, 1157.1556 million, 1134.1803 million, 851.7812 million. These values account for 22.61%, 20.29%, 5.64%, 5.53%, 4.16% of ITALY's total exports and were up 202.15%, up 3.55%, up 30.09%, up 17.73%, down 1.71% comparing to the same period of last year.

During the current year until 202312, 85, 84, 29, 87, 72 were ITALY's top five traded commodities importing from China , with import values of 12611.9424 million, 8416.8193 million, 5373.5296 million, 2529.6254 million, 1867.1862 million. These values account for 24.53%, 16.37%, 10.45%, 4.92%, 3.63% of ITALY's total imports and were down 6.84%, down 16.27%, up 3.31%, up 16.76%, down 26.41% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat