Italy’s Top 10 Imports

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Italian imports amounted to US$409.1 billion in 2015, down by -26.8% since 2011 and down by -13.7% from 2014 to 2015. Italy’s top 10 imports accounted for nearly two-thirds (60.9%) of the overall value of its product purchases from other countries.

Italian imports represent 2.2% of total global imports which totaled $18.729 trillion.

From a continental perspective, 67% of Italy’s total imports by value in 2015 were purchased from other European countries. Asian trade partners supplied 20.3% of import sales to Italy while 5.2% worth originated from African exporters. At 4.6%, a smaller percentage originated from North America.

Given Italy ‘s population of 61.9 million people, its total $409.1 billion in 2015 imports translates to roughly $6,600 in yearly product demand from every person in the country.

Italy’s Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Italy’s import purchases during 2015. Also shown is the percentage share each product category represents in terms of overall imports into Italy.

  1. Oil: US$52.2 billion (12.8% of total Italian imports)
  2. Machines, engines, pumps: $39 billion (9.5%)
  3. Vehicles: $36.3 billion (8.9%)
  4. Electronic equipment: $31.2 billion (7.6%)
  5. Pharmaceuticals: $20.6 billion (5%)
  6. Plastics: $18.3 billion (4.5%)
  7. Iron and steel: $16.5 billion (4%)
  8. Organic chemicals: $14.3 billion (3.5%)
  9. Medical, technical equipment: $11 billion (2.7%)
  10. Gems, precious metals, coins: $9.6 billion (2.4%)

Imported oil had the fastest-growing decrease in value among the top 10 import categories, down -52.6% for the 5-year period starting in 2011.

The next most severe deterioration in import sales was for iron and steel, down -33.7% followed by Italian imports of electronic equipment which declined in value by -32.5%.

Plastics posted the mildest deterioration down -17.3%.

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under other virtual folder tabs is at the more granular 4-digit level.

Fuel

In 2015, Italian importers spent the most on the following 10 subcategories of fossil fuel:

  1. Crude oil: US$23.7 billion (down -59%)
  2. Petroleum gases: $16.7 billion (down -46.7%)
  3. Processed petroleum oils: $7 billion (down -39.7%)
  4. Electrical energy: $2.5 billion (down -39.6%)
  5. Coal, solid fuels made from coal: $1.5 billion (down -63.7%)
  6. Petroleum oil residues: $159.4 million (down -67.3%)
  7. Coal tar oils (high temperature distillation): $96.2 million (down -59.2%)
  8. Petroleum jelly, mineral waxes: $90.3 million (down -8%)
  9. Peat: $64.9 million (down -27.6%)
  10. Coke, semi-coke: $16.6 million (down -36.8%)

Among fossil fuel imports, Italian purchases of non-petroleum gases (up 10,907%), followed by asphalt and petroleum bitumen mixes (up 23.1%) grew at the fastest pace from 2011 to 2015.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported fossil fuel among Italian businesses and consumers.

Machinery

In 2015, Italian importers spent the most on the following 10 subcategories of machines including computers:

  1. Computers, optical readers: US$4.7 billion (down -23.6%)
  2. Printing machinery: $2.1 billion (down -14.7%)
  3. Piston engine parts: $2 billion (down -13.7%)
  4. Turbo-jets: $1.9 billion (up 27.3%)
  5. Taps, valves, similar appliances: $1.9 billion (down -6%)
  6. Air or vacuum pumps: $1.7 billion (down -22.6%)
  7. Liquid pumps and elevators: $1.4 billion (down -11.3%)
  8. Transmission shafts, gears, clutches: $1.4 billion (down -13.1%)
  9. Centrifuges, filters and purifiers: $1.4 billion (down -8%)
  10. Engines (diesel): $1.3 billion (down -16%)

Among machinery imports, Italian purchases of turbo-jets (up 27.3%) and miscellaneous machinery (up 4.5%) grew at the fastest pace from 2011 to 2015.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery among Italian businesses and consumers.

Vehicles

In 2015, Italian importers spent the most on the following 10 subcategories of vehicles:

  1. Cars: US$22.6 billion (down -23.9%)
  2. Automobile parts/accessories: $7.4 billion (up 3.5%)
  3. Trucks: $2.1 billion (down -27.9%)
  4. Tractors: $1.2 billion (down -17.1%)
  5. Motorcycle parts/accessories: $817.3 million (down -10.6%)
  6. Motorcycles: $712.1 million (down -25.1%)
  7. Trailers: $442.9 million (up 0.1%)
  8. Public-transport vehicles: $434.7 million (down -14.6%)
  9. Bicycles, other non-motorized cycles: $165.7 million (down -5.2%)
  10. Automobile bodies: $124.6 million (up 0.9%)

Among vehicles imports, Italian purchases of automobile parts and accessories (up 3.5%), automobile bodies (up 0.9%) and trailers (up 0.1%) grew at the fastest pace from 2011 to 2015.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported vehicles among Italian businesses and consumers.

Electronics

In 2015, Italian importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics:

  1. Phone system devices: US$7.9 billion (up 7%)
  2. Lower-voltage switches, fuses: $2 billion (down -15.6%)
  3. Insulated wire/cable: $1.8 billion (up 2.3%)
  4. TV receivers/monitors/projectors: $1.7 billion (down -38.8%)
  5. Electric motors, generators: $1.5 billion (down -14.1%)
  6. Electrical converters/power units: $1.5 billion (down -33.8%)
  7. Electric water heaters, hair dryers: $1.4 billion (up 8.3%)
  8. Integrated circuits/microassemblies: $1.1 billion (down -47%)
  9. Electric circuit parts, fuses, switches: $968.5 million (down -16.7%)
  10. Electrical/optical circuit boards, panels: $890.9 million (up 18.4%)

Among electronics imports, Italian purchases of electrical/optical circuit boards and panels (up 18.4%), electric water heaters and hair dryers (up 8.3%) and phone system devices (up 7%) grew at the fastest pace from 2011 to 2015.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electronics among Italian businesses and consumers.



 
See also Italy’s Top Import Partners, Highest Value Italian Import Products and Italy’s Top 10 Major Export Companies

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on April 16, 2016

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on April 16, 2016

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on April 16, 2016