K
27 September 2024
Kunal
Was this review helpful?
Yes (0)
No (0)
Report Abuse
Key Indicators
- 67,925,658
- 611,321
- Export Trading Partners235
- 25,901,498
- 236,798
- Import Trading Partners231
Overview
Italy: Navigating Trade Dynamics
Italy, a European gem, boasts a strategic location in the heart of the Mediterranean. With a GDP ranking of 8 globally in 2024, the country's economic landscape is shaped by a blend of modern innovation and historical trade influence.
Introduction:
Italy's robust import market is essential for sustaining its diversified economy, focusing on manufacturing, automotive, fashion, and food industries. These sectors not only cater to domestic needs but also create extensive opportunities for global exporters to enter a sophisticated market environment.
Economic Overview:
Italy is one of the largest economies in the European Union, with significant contributions from its manufacturing sector, which includes automotive, industrial machinery, and fashion. Italy's GDP is heavily influenced by imports, which are crucial for both raw materials and high-tech products. The country is actively pursuing economic reforms aimed at enhancing industrial productivity and technological integration.
Political and Regulatory Environment:
Italy's stable political environment and membership in the EU foster a regulatory framework conducive to trade. Recent policies focus on reducing trade barriers and enhancing economic cooperation within the EU and other trade partners, impacting the dynamics of importation favorably.
Opportunities and Challenges for Exporters:
Exporters have opportunities in supplying advanced machinery, luxury goods, and automotive components, capitalizing on Italy’s manufacturing prowess. However, challenges include navigating stringent EU regulations and competitive local markets.
Positives:
1. Strategic Maritime Position: Italy's coastal advantage facilitates maritime trade with easy access to major European markets. Ports like Genoa and Trieste are crucial gateways for international trade, enhancing the country's global connectivity.
2. Diverse Industrial Base: A robust industrial sector spanning fashion, automotive, and machinery contributes to Italy's reputation for high-quality exports. The "Made in Italy" label signifies excellence and enhances the nation's global trade appeal.
3. Innovation Hub: Italy's commitment to research and development fosters innovation, particularly in sectors like design and technology, creating opportunities for cutting-edge exports.
Negatives:
1. Bureaucratic Hurdles: Italy's bureaucratic processes can sometimes pose challenges for businesses, impacting the ease of trade. Streamlining administrative procedures could enhance efficiency and attract more international investors.
2. Public Debt: The country faces a significant public debt burden, which, if not managed effectively, could affect long-term economic stability and investor confidence.
3. Infrastructure Gaps: While Italy has a well-developed infrastructure in many areas, certain regions may still face challenges, impacting logistics and hindering seamless trade operations.
Italy import export data, including buyer and supplier names, is available on the Volza Platform.
Italy import export data, including buyer and supplier names, is available on the Volza Platform.
Imports:
In August 2023, Italy ranked 7th in global imports, with imports valued at 430.77 billion, representing a -15% growth from August 2022.From August 2023 to August 2024, the country's imports amounted to US$269.1 billion, showing a 23% growth from the preceding year.
In 2024, imports totaled 430.77 billion, marking a -37% YOY growth from 2023. Sources of these imports were Germany, China, France, Netherlands, Spain, Belgium, USA, Switzerland, Poland, Algeria. Imported products were Mineral fuels and oils, Vehicles and Parts, Machinery and equipment other than railway or tramway. Suppliers were LUXOTTICA GROUP, OVS SPA, and GEOX SPA. Importers in Italy were Germany: 15.0%, China: 8.1%, and France: 7.8%.
Top 10 Import Products:
- Crude petroleum (HS code: 2709) - Essential for energy and manufacturing.
- Automobiles (HS code: 8703) - Demand in automotive sector.
- Pharmaceuticals (HS code: 3004) - Crucial for healthcare.
- Gas turbines (HS code: 8411) - Used in energy production.
- Computers (HS code: 8471) - Technology infrastructure needs.
- Electronic equipment (HS code: 8517) - For communication sectors.
- Chemicals (HS code: 2905) - Basic industries and manufacturing.
- Apparel (HS code: 6204) - High-end fashion industry.
- Footwear (HS code: 6403) - Renowned leather goods market.
- Wine (HS code: 2204) - Enhancing food and beverage sector.
Top Buyers from Italy:
YADEX INTERNATIONAL GMBH, TROIANI SRL, STELLANT S EUROPE S P A
Solution for Global Exporters:
Global exporters are encouraged to utilize Volza’s online import data for Italy to effectively navigate its complex market. Volza offers real-time data and insights, aiding in the identification of lucrative sectors and simplifying the entry process. Visit Volza to access detailed import statistics and optimize your export strategies.
Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2019
Data Coverage- 40%
Last Shipment- 01, Mar, 2024
Source : Volza Import Data
Italy
Import Data
Import Data
25,901,498 Bill of Ladings, 236,798 Buyers & 611,321 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
4.9/5
Rated by 25,000+ Satisfied Customers
100% Money Back Guarantee
"
Volza's Solution gives you 100x return in Six Months !
"
Search Import Export Data
Reach out to the Italy Import market Identify verified and active business partners in Italy
Italy Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
100% COTTON KNITTED BOYS T SHIRT SHORTS |   India | 30-04-2024 | |
NEW PNEUMATIC TYRES OF RUBBER, OTHER, B. | 30-04-2024 | ||
NEW PNEUMATIC TYRES OF RUBBER, OF A KIND | 30-04-2024 | ||
NEEDLE ROLLER 6.000 X 25.00 BPM G2 | India | 30-04-2024 | |
NEW PNEUMATIC TYRES OF RUBBER, OTHER, A. | 30-04-2024 | ||
LEATHER GARMENTS MADE OUT OF GOAT SUEDE | India | 30-04-2024 |
Top 10 Importers
Italy Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Italy. To assist you in identifying the leading importers in Italy, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Italy are companies like LUXOTTICA GROUP, OVS SPA , and GEOX SPA. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Italy Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 145,594 | |
2 | 74,520 | |
3 | 71,263 | |
4 | 69,324 | |
5 | 61,529 | |
6 | 58,077 | |
7 | 48,257 | |
8 | 42,775 | |
9 | 40,256 | |
10 | 38,934 |
Data Source : Volza Import Data
Top 10 Import Products
Italy Top 10 Import Products
As the Italy import data reveals, the nation's top import products for 2024 were prominently characterized by:- Cotton Knitting Yarn: 37.68%
- Sunglasses Case: 25.65%
- Round Cut Diamond: 14.42%
- Automobile Component: 12.05%
- Knitted Pyjama: 2.53%
- Vanity Case: 2.14%
- Valve Seat: 1.90%
- Metal Optical Frames: 1.60%
- Leather Jacket: 1.60%
- Beaded Fabric: 0.43%
Italy Top 10 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | COTTON KNITTING YARN | 12,843,432 |
2 | SUNGLASSES CASE | 8,744,052 |
3 | Round Cut Diamond | 4,915,650 |
4 | Automobile Component | 4,108,511 |
5 | Knitted Pyjama | 862,264 |
6 | VANITY CASE | 728,516 |
7 | Valve Seat | 647,441 |
8 | METAL OPTICAL FRAMES | 545,202 |
9 | Leather Jacket | 544,665 |
10 | Beaded Fabric | 146,737 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Italy
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Italy Top 1 Import Trading Partners
Italy trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 7,283,506).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Italy had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Italy import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Italy’s major imports from India include Automobile Component, COTTON KNITTING YARN, Valve Seat, SUNGLASSES CASE, VANITY CASE, Leather Jacket, Knitted Pyjama, Beaded Fabric, Round Cut Diamond, METAL OPTICAL FRAMES, products. The provided chart below breaks down the values in percentile of Italy’s top 1 import partners for 2024.
Italy Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Italy Import Data Sample record
Italy import data covers all important shipping details that are essential for businesses to find importers in Italy, analyze market trends and identify potential industries. Italy trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Italy import data sample with complete number of fields available in data.
Italy Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 61034200
- Quantity:
- 14
- Quantity Unit:
- PCS
- Value FC:
- 228.2
- Value:
- HS Descirption:
- Men's or boys' suits, ensembles, jackets,blazers, trousers, bib and brace overalls, breeches and shorts (other than swim wear), knitted or crocheted
- Exporter:
- R P GARMENTS
- Importer:
- Two Brothers SRL B O UAB RIVILOGISTICS Kirtimu 47 b Vilnius Lithuania
Data Source : Volza Import Data
Italy Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Italy Top 10 Import Ports
Italy's global import trade operates through over 10 ports. Genoa stands as the predominant port, handling 2,079,027 import shipments, which constitutes a 34.23% market share. Milano follows with an 28.00% share, accounting for 1,700,643 shipments, while La Spezia contributes a 13.46% market share with its 817,774 shipments. For detailed import trade statistics of each port in Italy, refer to the provided links below. Collectively, these ports underscore the integrated nature of Italy's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Italy.
Import Bill of Lading
- Import Shipments of Italy
- 25,901,498
- Date
- 30-04-2024
- Shipper Name
- Two Brothers SRL B O UAB RIVILOGISTICS Kirtimu 47 b Vilnius Lithuania
- Consignee Name
- R P GARMENTS
- Weight Unit
- PCS
- Quantity
- 14
- Shipment Origin
- India
- Port of origin
- Bangalore Air