Some products, such as agricultural products and products that have an impact on health, safety or environmental impact, may be subject to certain import restrictions and/or rules. In these cases, it may be necessary to purchase import certificates and additional documents before being exported to Italy. For more information on import certificates, quotas and restricted products, please contact Italian customs. 2.4 billion euros Value of Italy`s trade surplus with Japan. Italy`s main trading partners are Germany (12.6%), France (10.4%), the United States (9%), Spain (5.2%) and the United Kingdom (5.1%), while China and Russia are the countries with better growth. The main countries of origin of Italian imports are Germany (16.4%), France (8.7%), China (7.3%) and the Netherlands (5.3%) (Comtrade data). The EU-Japan trade agreement will make it easier and cheaper for them to do so. Italy and Japan already have close trade relations. The EU-Japan trade agreement will give it a big boost. Increased trade is creating more Australian jobs and providing more opportunities for Australian businesses.
Learn how to take advantage of free trade agreements. Read more… Since the sovereign debt crisis in 2010 and after several years of trade deficit, Italy has changed direction to record positive trade balances in recent years. According to WTO data, the country exported $546.6 billion in goods in 2018 (up 8% per year), while imports grew more rapidly (up 10.6%), for a total of $500.7 billion. In the same year, Italy exported services worth a total of $120.8 billion, while its services imports represented a total value of $122.8 billion. The trade surplus in goods and services amounted to about 2.5% of GDP (World Bank). Japan is Italy`s sixth largest trading partner outside the EU. Austrade strongly recommends confirming them before the sale to Italy. Multilateral and bilateral agreements with many countries (Italy is not part of all agreements to which the EU is prohibited) Italy is part of the EU`s harmonised trading system and import and export are subject to the EU`s taxation and customs union.
Italy has an export-oriented economy and is the world`s 12th largest exporter, with a trade of almost 59.5% of its GDP (World Bank, 2018). According to ISTAT, out of a total of 195,745 exporting companies in Italy, about 45% are active in manufacturing, which is traditionally the key sector of Italian exports (especially machinery, fashion and luxury goods, furniture).