1.  Overview the trade of ITALY in goods current year until 202408

According to Dalian Infobank, in 202408, ITALY's exports and imports of goods amounted to 84637.9733 million, and were down 5.29% comparing with the same period of last year. Among these, exports were down 5.78% at 43106.8257 million, and imports were down 4.79% at 41531.1476 million. And the corresponding trade surplus was 1575.6780 million and down 25.98%.

During the current year until 202408, ITALY's total exports and imports of goods were 853254.1958 million and were down 3.15% comparing to the same period of last year. Among these, exports were 446852.6469 million and down 0.75%; imports were 406401.5489 million and down 5.66%. The total trade surplus was 40451.0979 million and up 107.86%.

If considering by country (region), GERMANY, FRANCE, UNITED STATES, CHINA, SPAIN were ITALY's top five trading partners. During the current year until 202408, ITALY's imports and exports to five countries/territories were 101481.1928 million, 70365.7596 million, 63727.5571 million, 46465.6960 million, 44025.5357 million. These values correspond to 11.89%, 8.25%, 7.47%, 5.45%, 5.16% of ITALY's imports and exports, and, respectively, were down 14.87%, down 10.69%, up 0.73%, down 5.92%, down 6.52% comparing to the same period of last year.

Current year until 202408, ITALY and the top five trade partners GERMANY, UNITED STATES, FRANCE, SPAIN, SWITZERLAND are the top five countries/territories that ITALY exports to in terms of the total export amount. During the current year until 202408, ITALY's exports to these five countries/territories were 46662.7002 million, 46061.5856 million, 40735.2503 million, 22102.7692 million, 20780.5512 million. These values correspond to 10.44%, 10.31%, 9.12%, 4.95%, 4.65% of ITALY's exports and, respectively, were down 14.52%, down 0.75%, down 10.48%, down 5.88%, down 5.13% comparing with the same period of last year.

Current year until 202408, ITALY's exports to top five countries/territories GERMANY, CHINA, FRANCE, NETHERLANDS, INTRA-EU are the top five countries/territories that ITALY imports from in terms of the total export amount. During the current year until 202408, ITALY's imports from these five countries/territories were 54818.4926 million, 35433.9841 million, 29630.5093 million, 22756.4660 million, 22233.9218 million. These values correspond to 13.49%, 8.72%, 7.29%, 5.60%, 5.47% of ITALY's total imports and, respectively, were down 15.17%, up 1.99%, down 10.97%, down 12.85%, 0 comparing with the same period of last year.

During the current year until 202408, the trade surplus of ITALY was mainly from UNITED STATES, UNITED KINGDOM, FRANCE, SWITZERLAND, UNITED ARAB EMIRATES at 28395.6140 million, 13221.8947 million, 11104.7411 million, 9908.2165 million, 4100.1735 million, and down 3.94%, up 6.87%, down 9.17%, up 16.96%, up 31.65%. And the trade deficits were mainly from CHINA, NETHERLANDS, GERMANY, ALGERIA, AZERBAIJAN at 24402.2721 million, 10190.8019 million, 8155.7924 million, 5955.6716 million, 5573.1097 million, and up 21.43%, down 20.73%, down 18.74%, down 31.11%, down 33.13%.

Current year until 202408, ITALY's trade surplus or deficit with top five countries/territories During the current year until 202408,  commodities with hs2 codes, 84, 87, 27, 85, 30, were ITALY's top five traded commodities. They correspond to the import and export values of 107880.1079 million, 68265.0641 million, 63407.3299 million, 59387.1770 million, 53343.8872 million, which were down 6.73%, down 9.95%, down 22.67%, down 9.81%, down 2.99% comparing with the same period of last year and account for 12.64%, 8.00%, 7.43%, 6.96%, 6.25% of ITALY's total imports and exports.

During the current year until 202408, 84, 30, 87, 85, 99 were ITALY's top five traded commodities, with total import and export values of 73367.3651 million, 33824.9560 million, 31146.8656 million, 28601.4593 million, 25682.7794 million. These values correspond to 16.42%, 7.57%, 6.97%, 6.40%, 5.75% of ITALY's total exports and, respectively, were down 3.76%, up 0.64%, down 12.71%, down 1.75%, up 444.59% comparing to the same period of last year.

During the current year until 202408, 27, 87, 84, 85, 99 were ITALY's top five traded commodities, with total import values of 48072.8901 million, 37118.1984 million, 34512.7429 million, 30785.7177 million, 23460.7443 million. These values correspond to 11.83%, 9.13%, 8.49%, 7.58%, 5.77% of ITALY's total exports and, respectively, were down 24.70%, down 7.49%, down 12.47%, down 16.19%, up 1986.66% comparing to the same period of last year.

2. Current year until 202408, ITALY binational trade profile

According to Dalian Infobank, during the current year until 202408, ITALY-China binational exports and imports of goods amounted to 46465.6960 million and were down 5.92% comparing with the same period of last year. Among these, exports from ITALY to China were 11031.7120 million and down 24.69%, imports from China to ITALY were 35433.9841 million and up 1.99%. The total binational trade deficit was 24402.2721 million and up 21.43%.

During the urrent year until 202408, commodities with hs2 code, 84, 85, 29, 87, 62, were binational trade's top five traded commodities. They correspond to import and export values of 8445.3597 million, 8038.6790 million, 5526.5386 million, 2098.4258 million, 1765.1894 million and makes up 18.18%, 17.30%, 11.89%, 4.52%, 3.80% of the total binational imports and exports. These values were also down 2.13%, down 9.20%, up 83.22%, down 7.50%, up 4.01% comparing to the same period last year.

During the current year until 202408, 84, 62, 42, 85, 30 were the top five traded commodities exported to China from ITALY, with export values of 2584.0196 million, 875.2303 million, 661.2950 million, 605.4637 million, 589.7710 million. These values account for 23.42%, 7.93%, 5.99%, 5.49%, 5.35% of ITALY's total exports and were down 4.50%, up 31.52%, down 13.12%, up 4.81%, down 86.53% comparing to the same period of last year.

During the current year until 202408, 85, 84, 29, 87, 39 were ITALY's top five traded commodities importing from China , with import values of 7433.2153 million, 5861.3401 million, 5413.9979 million, 1656.3190 million, 1286.5292 million. These values account for 20.98%, 16.54%, 15.28%, 4.67%, 3.63% of ITALY's total imports and were down 10.18%, down 1.05%, up 86.29%, down 6.48%, down 2.71% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat