To celebrating Italian Heritage Month, we highlight Italy's remarkable achievements on the global stage.

Italy has long held its position as a world leader in exports, with an impressive array of products that leave a lasting mark on international markets.
From cutting-edge machinery that drives innovation, to life-saving pharmaceuticals that improve health worldwide, to finely crafted vehicles that embody Italian style and precision, Italy consistently delivers excellence.
Join us in honoring Italy's enduring legacy of quality, ingenuity, and craftsmanship as we salute Italy's top three exports.

Learn more: https://bit.ly/3ZGDJdS

Italy’s Top 10 Exports

Formally the Italian Republic, Italy shipped US$657 billion worth of products around the globe in 2022.

That dollar amount reflects a 19.5% increase compared to $549.9 billion during 2018.

Year over year, the overall value of goods exported from Italy rose 6.7% from $615.9 billion in 2021.

The 5 most valuable exports from Italy are medication mixes in dosage, processed petroleum oils, cars, automobile parts or accessories, then blood fractions including antisera. Combined, that quintet of leading Italian exports represents 15.5% of overall exports from Italy in 2022. Such a low percentage implies Italy’s diversified range of exported products.

Based on the average exchange rate for 2022, Italy’s official currency the euro depreciated by -12.1% against the US dollar since 2018 and fell by -12.3% from 2021 to 2022. The weaker European Union currency in 2022 made Italy’s exports paid for in stronger US dollars relatively less expensive for international buyers.
Major Buyer Countries Importing from Italy

The latest available country-specific data shows that 64.2% of products exported from Italy were bought by importers in: Germany (12.4% of the Italian total), United States of America (10.4%), France (10%), Spain (5.1%), Switzerland (5%), United Kingdom (4.4%), Belgium (3.7%), Poland (3.1%), Netherlands (3%), mainland China (2.6%), Austria (2.3%) and Türkiye (2.1%).

From a continental perspective, 64.6% of Italy’s exports by value was delivered to fellow European countries while 15% was sold to importers in Asia. Italy shipped another 12.3% worth of goods to North America.

Smaller percentages went to Africa (3.4%), Latin America (2.2%) excluding Mexico but including the Caribbean, then Oceania (1%) led by Australia and New Zealand.

Given Italy’s population of 59.2 million people, its total $657 billion in 2022 exports translates to roughly $11,100 for every resident in the south European nation. That dollar metric exceeds the average $10,300 per capita in 2021.

Italy’s Top 10 Exports

The following export product groups represent the highest dollar value in Italian global shipments during 2022. Also shown is the percentage share each export category represents in terms of overall exports from Italy.

Ezoic
Machinery including computers: US$106.2 billion (16.2% of total exports)
Pharmaceuticals: $47.4 billion (7.2%)
Vehicles: $45.5 billion (6.9%)
Electrical machinery, equipment: $40.8 billion (6.2%)
Mineral fuels including oil: $33.7 billion (5.1%)
Plastics, plastic articles: $27.1 billion (4.1%)
Articles of iron or steel: $22.9 billion (3.5%)
Iron, steel: $21.2 billion (3.2%)
Gems, precious metals: $20.4 billion (3.1%)
Furniture, bedding, lighting, signs, prefabricated buildings: $16.1 billion (2.5%)
Italy’s top 10 exports accounted for 58% of the overall value of its global shipments.

Mineral fuels including oil was the fastest grower among the top 10 export categories, up by 83.7% from 2021 to 2022. That product category was propelled by Italy’s greater international sales of refined petroleum oils.

In second place for improving export sales were pharmaceuticals via a 29.1% gain.

Italy’s shipments of the metals iron and steel posted the third-fastest gain in value, increasing by 10.3%.

The leading decliner among Italy’s top 10 export categories was machinery including computers. That product category dropped -2.3% drop year over year.