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Italy shipped 496.1 billion dollars worth of goods around the globe in 2020. That dollar amount reflects a 7.5 percent improvement since 2016 but a minus 6.9 percent decline from 2019 to 2020. Italian imports represent 2.2 percent of overall global imports which totaled $19.085 trillion one year earlier. Given Italy's population of 60.5 million people, its total 422.9 billion dollars in 2020 imports translates to roughly 7,000 dollars in yearly product demand from every person in the south European country. The following product groups represent the highest dollar value in Italy's import purchases during 2020.

Italy's top 10 imports represent 61.8 percent of the overall value of its product purchases from other countries. The gems and precious metals category is fastest growing with a 39.2 percent increase. Italy uses the euro which appreciated by 3.1 percent against the US dollar since 2016. Given Italy's population of 60.5 million people, its total 496.1 billion dollars in 2020 exports translates to roughly 8,200 dollars for every resident in the south European nation. Italy's top 10 exports accounted for 57.8 percent of the overall value of its global shipments.

Italy exported 496.1 billion dollars worth of goods around the globe in 2020. That dollar amount reflects a 7.5 percent improvement since 2016 but a minus 6.9 percent decline from 2019 to 2020. Two-thirds of Italy's exports by value were delivered to fellow European countries. Germany accounts for 12.8 percent of Italy's total exports while France accounts for 10.3 percent and the United States is at 8 percent. Belgium shows the greatest growth in demand for Italian products posting a 7.8% increase from 2019 to 2020. Leading decliners year over year were buyers in Spain were down by minus 13.1 percent.

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