Overview In 2021, Italy was the number 8 economy in the world in terms of GDP (current US$), the number 7 in total exports, the number 10 in total imports, the number 27 economy in terms of GDP per capita (current US$) and the number 19 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Italy are Packaged Medicaments ($26.8B), Cars ($16.5B), Refined Petroleum ($15.2B), Motor vehicles; parts and accessories (8701 to 8705) ($14.9B), and Vaccines, blood, antisera, toxins and cultures ($10.1B), exporting mostly to Germany ($78.4B), France ($61.6B), United States ($58.1B), Spain ($29.7B), and United Kingdom ($27B).
In 2021, Italy was the world's biggest exporter of Unglazed Ceramics ($5.3B), Other Small Iron Pipes ($4.9B), Pasta ($3.62B), Tanned Equine and Bovine Hides ($2.89B), and Processed Tomatoes ($2.26B)
Imports The top imports of Italy are Crude Petroleum ($31B), Petroleum Gas ($30.5B), Cars ($26.2B), Packaged Medicaments ($17.6B), and Vaccines, blood, antisera, toxins and cultures ($11.5B), importing mostly from Germany ($88.7B), France ($46B), China ($45.6B), Netherlands ($31.2B), and Spain ($30.6B).
In 2021, Italy was the world's biggest importer of Electricity ($7.44B), Hot-Rolled Iron ($5.65B), Pure Olive Oil ($2.03B), Rolled Tobacco ($1.97B), and Bovine ($1.46B)
Location Italy borders Austria, France, San Marino, Slovenia, and Switzerland by land and Albania, Algeria, Croatia, Greece, Libya, Malta, Montenegro, Spain, and Tunisia by sea.