Italian Foreign Trade

The main articles are:

• Economy of Italy
• World trade

2024

The trade turnover of Russia and Italy over the year decreased 5 times to $7-8 billion

In mid-October 2024, it became known about a sharp reduction in trade between Italy and Russia. Russian Ambassador to Italy Aleksei Paramonov said the following:

I must admit that Russia did not expect from Italy such a hasty, and most importantly, absolutely self-destructive rejection of the status of a privileged economic partner. Moscow Some jealous allies of Italy have been working hard to upset or destroy the Russian-Italian economic idyll. Not by washing, so rolling this goal has been achieved. We trade less and less, mutual trade fell almost five times, to a modest $7-8 billion, expected by the end of 2024.

Italy's direct exports to Russia decreased by $4 billion from 2019 to 2023 (black). But its exports to Central Asia, the Caucasus, Belarus and Turkey (blue) grew by $7 billion over the same period.

According to Paramonov, it will be extremely difficult for Russia and Italy to return to their previous positions and restore the volume of mutual trade.

Fortunately, in Italy, as in Russia, realists and optimists have not yet translated. There are especially many of them among representatives of the business community. I would like to believe that they, as it was in the past, will play their role in bilateral relations again, "he added.[1]

10th in terms of imports to the United States

The 10 largest importers in the United States in 2024:

1. Mexico: $476 billion

2. China: $427 billion

3. Canada: $421 billion

4. Germany: $160 billion

5. Japan: $147 billion

6. South Korea: $116 billion

7. Vietnam: $114 billion

8. India: $84 billion

9. Ireland: $82bn

10. Italy: $73 billion

Direct deliveries to Russia with indication in the documents of Kyrgyzstan

In April 2024, exports to Russia through third countries in Central Asia continue to remain at a record level. Kyrgyzstan is a key hub for transshipment, with exports from European countries never arriving in Bishkek. Kyrgyzstan is what is indicated in the bill, but these goods go directly to Russia.

2023: 3x jump in exports to China

In a little more than a year, according to the results of February 2023, Italy's exports to China tripled. The problem is that even experts find it difficult to explain why.

In February, the volume of supplies to China exceeded 3 billion euros (3.3 billion) dollars , which is 131% more than a year earlier. That followed another 137% jump a month earlier. For comparison, in January 2022 Italy , exported goods and services worth about 1 billion euros to economy No. 2 in the world.

2022

Germany is the largest export destination

According to data available for August 2023.

Trade deficit with China

2021

Seventh largest importer to Russia

Italy is among the largest arms exporters in 5 years with a share of 3.1%

The largest arms exporters by share in the world market from 2017 to 2021.

2019

5th place in terms of imports to the Russian Federation

Leading countries in terms of imports to Russia in 2019

Exporting Computer Devices

The volume of exports of computer devices in countries of the world, 2019

The Impact of US President Trump's Administration's Trade Restrictions

2015: Top ten global apple exporters with 13.7% share

Data for 2015

Notes