Italy is a country situated in Southern and Western Europe. It is located in the middle of the Mediterranean Sea, it consists of a peninsula delimited by the Alps and surrounded by several islands.
After its quick industrial growth, Italy took a long time to confront its environmental problems. After several improvements, it now ranks 84th in the world for ecological sustainability. National parks cover about 5% of the country, while the total area protected by national parks, regional parks and nature reserves covers about 10.5% of the Italian territory. In the last decade, Italy has become one of the world's leading producers of renewable energy, ranking as the world's fourth largest holder of installed solar energy capacity and the sixth largest holder of wind power capacity in 2010. Renewable energies provided approximately 37% Italy's energy consumption in 2020. However, air pollution remains a severe problem, especially in the industrialised north, reaching the tenth highest level worldwide of industrial carbon dioxide emissions in the 1990s. Italy is the twelfth-largest carbon dioxide producer.
OVERVIEW
In 2021, Italy was the number 8 economy in the world in terms of GDP (current US$), the number 7 in total exports, the number 10 in total imports, the number 37 economy in terms of GDP per capita (current US$) 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).Cars
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 ($1.46B)
Latest trends
OVERVIEW
In September 2023 Italy exported €46.3B and imported €47B, resulting in a negative trade balance of €658M. Between September 2022 and September 2023 the exports of Italy have decreased by €-3.21B (-6.49%) from €49.5B to €46.3B, while imports decreased by €-12.2B (-20.7%) from €59.2B to €47B.
TRADE
In September 2023, the top exports of Italy were Packaged Medicaments (€2.43B), Refined Petroleum (€1.78B), Cars (€1.72B), Motor vehicles; parts and accessories (8701... (€1.28B), and Vaccines, blood, antisera, toxins and cultures (€1.02B). In September 2023 the top imports of Italy were Crude Petroleum (€3.53B), Cars (€2.82B), Petroleum Gas (€2B), Packaged Medicaments (€1.38B), and Refined Petroleum (€1B).
DESTINATIONS
In September 2023, Italy exported mostly to Germany (€6.27B), France (€5.36B), United States (€5.12B), Spain (€2.78B), and Switzerland (€2.41B), and imported mostly from Germany (€7.26B), China (€3.75B), France (€3.69B), Netherlands (€3.02B), and Spain (€2.77B).
GROWTH
In September 2023, the decrease in Italy's year-by-year exports was explained primarily by an decrease in exports to United States (€-734M or -12.5%), Germany (€-495M or -7.32%), and United Kingdom (€-275M or -11.6%), and product exports decrease in Packaged Medicaments ($-473M or -16.3%), Platinum ($-309M or -62.9%), and Trunks and Cases ($-147M or -16.5%). In September 2023, the decrease in Italy's year-by-year imports was explained primarily by an decrease in imports from China ($-2.05B or -35.3%), Russia ($-1.57B or -86.6%), and Azerbaijan ($-1.49B or -56.9%), and product imports decrease in Petroleum Gas ($-5.75B or -74.2%), Electricity ($-1.23B or -74%), and Packaged Medicaments ($-338M or -19.7%).
Fonti:
https://oec.world/en
https://data.worldbank.org/
https://www.trademap.org/
