Italy
On this page you will find beneficial information regarding foreign direct investment in / trading with Italy. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Republic
Population: 58.86 million (2022)
GDP: 2.01 trillion USD (2022)
Corporate Tax Rate: 24%
Personal Income Tax Rate: 23% - 43%
Major Exports: The top exports of Italy are Packaged Medicaments ($34.4B), Refined Petroleum ($24.6B), Cars ($16.4B), Motor vehicles; parts and accessories (8701 to 8705) ($14.8B), and Vaccines, blood, antisera, toxins and cultures ($11.8B), exporting mostly to Germany ($78.5B), United States ($68.2B), France ($63.8B), Spain ($32.8B), and United Kingdom ($28.5B). In 2022, Italy was the world's biggest exporter of Unglazed Ceramics ($5.35B), Pasta ($4.16B), Recreational Boats ($3.5B), Tanned Equine and Bovine Hides ($2.7B), and Processed Tomatoes ($2.55B).
Major Imports: The top imports of Italy are Petroleum Gas ($67.6B), Crude Petroleum ($51B), Cars ($25.4B), Packaged Medicaments ($20.7B), and Refined Petroleum ($12.3B), importing mostly from Germany ($90.7B), France ($56.4B), China ($56.1B), Netherlands ($34.5B), and Spain ($32.1B). In 2022, Italy was the world's biggest importer of Hot-Rolled Iron ($5.5B), Pure Olive Oil ($2.17B), Rolled Tobacco ($1.89B), Fermented Milk Products ($477M), and Prepared Wool or Animal Hair ($452M).
Investment Agency: Italian Trade Agency
Website: https://www.ice.it/en/
