Italy's trade balance reached in 2023 a surplus of 34 billion euros. The trade balance measures the difference between a country's exports and imports. A surplus indicates that a nation exports more than it exports, while a deficit means that imports are higher than exports. In 2022, Italy recorded a deficit of 34 billion euros.

Trade (% of GDP) in Italy was reported at 63.18 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Italy - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

In January 2022, Italy registered a trade deficit with the European Union amounting to about 890 million euros. In general, Italy profits greatly from the exchange of goods and services with the EU partners. When looking at the global scale, Italy is once again a winner in this trading system. In March 2019, Italy registered a trade surplus of 4.6 billion euros.

Trade buddies

Italian products are very popular abroad, and exports are vital for many sectors of the country’s industry. Italy exports most of its products to its partners in the European Union. In fact, among the leading importers of Italian products, four out of six belong to the EU. Germany is Italy’s leading export partner, with 12.5 percent of the total Italian exports headed to the EU’s biggest economy. The other way around is also true. In 2017, 16.5 percent of the total imports to Italy came from Germany.

The Northwest looks abroad

When looking at the trade balance of the Italian regions, it becomes evident that some areas of the country are more internationalized than others, also due to the higher level of industrialization. The Northwest of the country, which includes the regions of Lombardy, Piedmont, Liguria and Aosta Valley, exported almost 48 billion euros worth of goods and services in the last quarter of 2018. In comparison, exports from the Northeast, the second microregion in the country in terms of exports, reached a value of 39 billion euros.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Italy (XTNTVA01ITM664N) from Jan 1955 to Jun 2025 about Italy, trade, Net, and goods.

Italy: Trade balance as percent of GDP: The latest value from 2024 is 2.29 percent, an increase from 1.43 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for Italy from 1970 to 2024 is 0.8 percent. The minimum value, -3.75 percent, was reached in 1974 while the maximum of 4.52 percent was recorded in 1996.

Graph and download economic data for International Merchandise Trade Statistics: Exports: Commodities for Italy (ITAXTEXVA01CXMLM) from Jan 1957 to Jun 2025 about Italy, trade, and exports.

The statistic shows the trade balance of services (exports minus imports of services) in Italy from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the estimated trade deficit of services in Italy amounted to about **** billion U.S. dollars.

Overview with Chart & Report: The Trade Balance reflects the difference between the total volume of Italian exports and imports of goods and services in the reported month. A positive trade balance can be seen as favorable for

Trade in services (% of GDP) in Italy was reported at 13.4 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Italy - Trade in services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Italy Imports from Algeria was US$11.97 Billion during 2024, according to the United Nations COMTRADE database on international trade. Italy Imports from Algeria - data, historical chart and statistics - was last updated on September of 2025.

Overview with Chart & Report: The Trade Balance EU reflects the difference between the total volume of exports and imports of goods and services from Italy to EU countries and vice versa, in the reported month. A positive trade

Italy IT: Trade Balance data was reported at 3.976 USD bn in May 2018. This records an increase from the previous number of 3.665 USD bn for Apr 2018. Italy IT: Trade Balance data is updated monthly, averaging -102.800 USD mn from Jan 1960 (Median) to May 2018, with 701 observations. The data reached an all-time high of 9.128 USD bn in Jul 2014 and a record low of -8.536 USD bn in Jan 2011. Italy IT: Trade Balance data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.DOT: Trade Balance: by Country: Monthly.

Italy IT: Trade Balance data was reported at 9.296 USD bn in Mar 2018. This records a decrease from the previous number of 17.755 USD bn for Dec 2017. Italy IT: Trade Balance data is updated quarterly, averaging -318.600 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 18.094 USD bn in Dec 2014 and a record low of -18.568 USD bn in Mar 2011. Italy IT: Trade Balance data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.DOT: Trade Balance: by Country: Quarterly.

Italy - International trade: Exports was EUR623508.70 Million in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - International trade: Exports - last updated from the EUROSTAT on September of 2025. Historically, Italy - International trade: Exports reached a record high of EUR626169.40 Million in December of 2022 and a record low of EUR337407.40 Million in December of 2010.

Italy Exports to France was US$67.37 Billion during 2024, according to the United Nations COMTRADE database on international trade. Italy Exports to France - data, historical chart and statistics - was last updated on September of 2025.

Historical dataset showing Italy trade balance by year from 1970 to 2023.

Italy IT: Trade Balance: Emerging and Developing Economies: Europe data was reported at -2.898 USD bn in 2017. This records a decrease from the previous number of -1.341 USD bn for 2016. Italy IT: Trade Balance: Emerging and Developing Economies: Europe data is updated yearly, averaging -143.100 USD mn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 5.978 USD bn in 1997 and a record low of -14.428 USD bn in 2011. Italy IT: Trade Balance: Emerging and Developing Economies: Europe data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.DOT: Trade Balance: by Country: Annual.

Italy Exports to Germany was US$76.82 Billion during 2024, according to the United Nations COMTRADE database on international trade. Italy Exports to Germany - data, historical chart and statistics - was last updated on September of 2025.

Italy IT: Trade Balance: Advanced Economies: Israel data was reported at 468.967 USD mn in Mar 2018. This records a decrease from the previous number of 564.125 USD mn for Dec 2017. Italy IT: Trade Balance: Advanced Economies: Israel data is updated quarterly, averaging 91.300 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 564.125 USD mn in Dec 2017 and a record low of -51.200 USD mn in Mar 1980. Italy IT: Trade Balance: Advanced Economies: Israel data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.DOT: Trade Balance: by Country: Quarterly.

Italy IT: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Marshall Islands, Republic data was reported at 34.006 USD mn in 2017. This records a decrease from the previous number of 436.731 USD mn for 2016. Italy IT: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Marshall Islands, Republic data is updated yearly, averaging 48.653 USD mn from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 436.731 USD mn in 2016 and a record low of -2.094 USD mn in 2012. Italy IT: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Marshall Islands, Republic data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.DOT: Trade Balance: by Country: Annual.