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Trade between Italy and the United States

In 2024, Italy exported $70.5 billion to the United States and imported $26.8 billion. Italy ran a surplus of $43.7 billion with the United States, compared with a surplus of $37.9 billion in 2019. The United States was Italy’s 3rd largest trading partner (8% of its trade), and Italy was the United States’ 13th (2%).

Summary

Italy → United States
$70.5billion
United States → Italy
$26.8billion
Italy’s balance
$43.7billion

Balance

Italy’s trade balance with the United States

Trade between Italy and the United States grew 3.6-fold since 1995

USD billions (current). Italy’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 70.5
  • Imports 26.8
  • Balance +43.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$17.3 billion$9.8 billion$7.5 billion
1996$18.9 billion$10.1 billion$8.8 billion
1997$19.5 billion$10.2 billion$9.3 billion
1998$21.6 billion$10.7 billion$10.9 billion
1999$23.3 billion$10.8 billion$12.5 billion
2000$25.8 billion$12.5 billion$13.3 billion
2001$24.5 billion$11.2 billion$13.3 billion
2002$25.2 billion$11.7 billion$13.4 billion
2003$26.3 billion$11.5 billion$14.8 billion
2004$29 billion$11.9 billion$17.1 billion
2005$32 billion$12.7 billion$19.3 billion
2006$33.3 billion$12.6 billion$20.7 billion
2007$35.3 billion$14.1 billion$21.2 billion
2008$36.2 billion$16.4 billion$19.8 billion
2009$26.1 billion$12.6 billion$13.5 billion
2010$28.7 billion$14.1 billion$14.6 billion
2011$34.6 billion$17.5 billion$17.1 billion
2012$37.2 billion$16.2 billion$21 billion
2013$38.1 billion$15.1 billion$22.9 billion
2014$41.7 billion$16.6 billion$25.1 billion
2015$43.4 billion$15.6 billion$27.8 billion
2016$45.1 billion$15.2 billion$29.9 billion
2017$49.2 billion$16.8 billion$32.4 billion
2018$52.4 billion$18.3 billion$34.1 billion
2019$56.4 billion$18.5 billion$37.9 billion
2020$49.8 billion$16.4 billion$33.4 billion
2021$61.4 billion$18.1 billion$43.3 billion
2022$68.1 billion$23 billion$45.1 billion
2023$70.9 billion$26.5 billion$44.4 billion
2024$70.5 billion$26.8 billion$43.7 billion

What they sell each other

What Italy sells to the United States

The top 10 headings in 2024, with their share of the total.

  1. Medicines in measured doses or retail packs$5.9 billion · 8.3%
    16 thousand tonnes · Italy’s destinations
  2. Vaccines, blood and antisera$4.3 billion · 6.1%
    602 tonnes · Italy’s destinations
  3. Cars$3.9 billion · 5.5%
    96 thousand tonnes · Italy’s destinations
  4. Wine$2.3 billion · 3.3%
    358 thousand tonnes · Italy’s destinations
  5. Jewelry$1.7 billion · 2.5%
    230 tonnes · Italy’s destinations
  6. Leather footwear$1.3 billion · 1.9%
    18 thousand tonnes
  7. Bags, suitcases and cases$1.3 billion · 1.8%
    7 thousand tonnes
  8. Furniture$1.3 billion · 1.8%
    308 thousand tonnes · Italy’s destinations
  9. Dishwashers and packing machines$1.1 billion · 1.6%
    25 thousand tonnes
  10. Olive oil$1 billion · 1.5%
    103 thousand tonnes · Italy’s destinations

What the United States sells to Italy

The top 10 headings in 2024, with their share of the total.

  1. Hormones$6 billion · 22.4%
    14 tonnes
  2. Crude petroleum$2.8 billion · 10.5%
    4.7 million tonnes · the United States’ destinations
  3. Natural gas and LPG$1.9 billion · 7.1%
    3.7 million tonnes
  4. Turbojets and gas turbines$1.2 billion · 4.6%
    3 thousand tonnes · the United States’ destinations
  5. Vaccines, blood and antisera$1.1 billion · 4.2%
    534 tonnes · the United States’ destinations
  6. Precious metal scrap$641 million · 2.4%
    2 thousand tonnes
  7. Aircraft parts$614 million · 2.3%
    1 thousand tonnes
  8. Other nuts (almonds, walnuts)$419 million · 1.6%
    88 thousand tonnes
  9. Coal$413 million · 1.5%
    1.7 million tonnes · the United States’ destinations
  10. Gold$373 million · 1.4%
    34 tonnes · the United States’ destinations

How it travels

Estimated sea route from Genoa to Los Angeles.

The estimated sea route between Genoa and Los Angeles is 8,437 nautical miles (15,625 km) long: ≈ 19.5–25 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Gibraltar and Panama Canal.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$48.6 billion · 50%
  2. Air$48.6 billion · 50%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The United States was Italy’s 3rd largest trading partner (8% of its trade), and Italy was the United States’ 13th (2%).

The United States in Italy’s trade
8%
The United States’ rank among Italy’s partners
3rd
Italy in the United States’ trade
1.9%
Italy’s rank among the United States’ partners
13th

Compare with

Other partners of Italy

Other partners of the United States

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.