Trading Partner Portal: Italy
Overview
Trade Overview
Italy is in the southern part of Europe and is a high-income country with a corresponding nominal GDP of $2.38 trillion and a population of 59 million people. The country is economically split in half between the industrial north and the south, whose economy heavily relies of agriculture. Though Italy is the third largest economy in the Euro zone (excluding the UK), it has a high percentage of public debt, hindering market activity. Nonetheless, Italy has a proven reliable and well-founded trading partner of the United States. World Bank, CIA
Italian – U.S. Trade
Two-way goods trade between the U.S. and Italy totaled $117.51 billion in 2025, with the U.S. exporting $43.07 billion to Italy. The key exports were chemicals ($19.59 billion), oil and gas ($5.65 billion), transportation equipment ($2.28 billion), primary metal manufactures ($2.22 billion), and computer and electronic products ($2.20 billion).
In 2025, the U.S. imported $74.44 billion worth of Italian products. The main imports were chemicals ($14.95 billion), non-electrical machinery ($12.07 billion), transportation equipment ($5.81 billion), processed foods ($4.99 billion), and goods returned ($4.19 billion).
Services trade between the U.S. and Italy totaled $31.55 billion, with exports equaling $13.07 billion. Top services exports were travel, financial services, transport services, telecommunications, computer, & information services, and other business services.
Imports in services from Italy to the U.S. totaled $18.49 billion in 2025. top imports were travel, other business services, transport services, transport services, financial services, and personal, cultural or recreation services.
Italy – California Trade
In particular in the United States, California has a strong exporting relationship with Italy. Out of all the states, California is one of the top 5 exporters of goods to Italy, totaling approximately $2.13 billion worth in 2025, a 19% increase compared to 2024 exports. Agricultural products made up $519 million of products exported to Italy. This was followed by transportation equipment ($322 million), computer and electronic products ($289 million), miscellaneous manufactured goods ($162 million), and non-electric machinery ($161 million).
In 2025, California imported around $5.47 billion worth of Italian goods. The main imports included processed foods ($611 million), beverages and tobacco products ($573 million), non-electrical machinery ($524 million), transportation equipment ($471 million), and miscellaneous manufactures ($458 million). U.S. Department of Commerce
Foreign Direct Investment
The United States and Italy also have retained a symbiotic foreign direct investment (FDI) relationship, with Italy being the 10th fatsest-growing source of FDI in the U.S. In 2024, the U.S. had approximately $35.99 billion of FDI to Italy, and Italy had roughly $54.67 billion in FDI into the U.S. Italian FDI in the U.S. supported 101,800 jobs and contributed $304 million to research and development and another $4.1 billion to expanding U.S. exports. The top industry sectors for Italian FDI in the U.S. were: industrial equipment, energy, food and beverages, electronic components, software & IT services, and metals. Select USA
Trade Agreements
Trade Agreements and Issues