Italy’s Top 10 Imports

Italy flag

by Flagpictures.org

Italy imported US$500.8 billion worth of goods from around the globe in 2018, up by 5.6% since 2014 but up by 10.9% from 2017 to 2018.

Italian imports represent 2.8% of overall global imports which totaled $17.788 trillion one year earlier.

From a continental perspective, two-thirds (66.7%) of Italy’s total imports by value in 2018 were purchased from fellow European countries. Asian trade partners accounted for 21.3% of imports purchased by Italy while 5.2% worth originated from exporters in Africa plus 4.3% for North American shippers. Smaller percentages came from Latin America (1.9%) excluding Mexico but including the Caribbean, and Oceania (under 1%) led by Australia and New Zealand.

Given Italy’s population of 62.2 million people, its total $500.8 billion in 2018 imports translates to roughly $8,000 in yearly product demand from every person in the south European country.

Italy’s Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Italy’s import purchases during 2018. Also shown is the percentage share each product category represents in terms of overall imports into Italy.

  1. Mineral fuels including oil: US$67.5 billion (13.5% of total imports)
  2. Vehicles: $51 billion (10.2%)
  3. Machinery including computers: $48.3 billion (9.6%)
  4. Electrical machinery, equipment: $37.6 billion (7.5%)
  5. Pharmaceuticals: $26.7 billion (5.3%)
  6. Iron, steel: $22.4 billion (4.5%)
  7. Plastics, plastic articles: $22.1 billion (4.4%)
  8. Organic chemicals: $16.7 billion (3.3%)
  9. Optical, technical, medical apparatus: $13.4 billion (2.7%)
  10. Gems, precious metals: $11.1 billion (2.2%)

Italy’s top 10 imports represent 63.3% of the overall value of its product purchases from other countries.

Fastest-growing among Italy’s top 10 import categories was the mineral fuels-related goods category via its 24.6% year-over-year increase.

In second place was the 20.8% gain for imported metals iron and steel, followed by Italian imports of organic chemicals up 18.1% then pharmaceuticals thanks to the latter’s 15% appreciation from 2017 to 2018.

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 2018, Italian importers spent the most on the following 10 subcategories of mineral fuels-related products.

  1. Crude oil: US$32.5 billion (up 24.5% from 2017)
  2. Petroleum gases: $19.4 billion (up 24.3%)
  3. Processed petroleum oils: $10 billion (up 30%)
  4. Electrical energy: $3.1 billion (up 31.1%)
  5. Coal, solid fuels made from coal: $1.8 billion (down -1.8%)
  6. Petroleum oil residues: $230.3 million (up 51.9%)
  7. Coal tar oils (high temperature distillation): $145.3 million (down -3.4%)
  8. Peat: $81.2 million (up 14.5%)
  9. Petroleum jelly, mineral waxes: $70.5 million (down -10.3%)
  10. Coke, semi-coke: $60.2 million (up 452.7%)

Among these import subcategories, Italian purchases of coke or semi-coke (up 452.7%), petroleum oil residues (up 51.9%) then electrical energy (up 31.1%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of mineral fuels-related imports among Italian businesses and consumers.

Vehicles

In 2018, Italian importers spent the most on the following 10 subcategories of vehicles.

  1. Cars: US$32.5 billion (up 4.1% from 2017)
  2. Automobile parts/accessories: $8.8 billion (up 3%)
  3. Trucks: $3.5 billion (up 4.6%)
  4. Tractors: $1.7 billion (up 7.8%)
  5. Motorcycles: $1.1 billion (down -0.03%)
  6. Motorcycle parts/accessories: $876.9 million (up 1.4%)
  7. Public-transport vehicles: $855 million (up 42.6%)
  8. Trailers: $689.8 million (up 8.7%)
  9. Automobile bodies: $233 million (up 74.9%)
  10. Bicycles, other non-motorized cycles: $138.3 million (down -19.5%)

Among these import subcategories, Italian purchases of automobile bodies (up 74.9%), public-transport vehicles (up 42.6%) then trailers (up 8.7%) grew at the fastest pace from 2017 to 2018.

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.

Machinery

In 2018, Italian importers spent the most on the following 10 subcategories of machines including computers.

  1. Computers, optical readers: US$5.3 billion (up 5.2% from 2017)
  2. Printing machinery: $2.3 billion (up 6.1%)
  3. Piston engine parts: $2.2 billion (up 0.4%)
  4. Turbo-jets: $2.2 billion (up 5.4%)
  5. Taps, valves, similar appliances: $2.2 billion (up 10.3%)
  6. Air or vacuum pumps: $2.1 billion (up 8.3%)
  7. Transmission shafts, gears, clutches: $1.9 billion (up 14.3%)
  8. Liquid pumps and elevators: $1.8 billion (up 9%)
  9. Machinery parts: $1.7 billion (up 15.9%)
  10. Centrifuges, filters and purifiers: $1.6 billion (up 7.6%)

Among these import subcategories, Italian purchases of machinery parts (up 15.9%), transmission shafts, gears and clutches (up 14.3%) then taps, valves or similar appliances (up 10.3%) grew at the fastest pace from 2017 to 2018.

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.

Electronics

In 2018, Italian importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics.

  1. Phone system devices including smartphones: US$9 billion (up 5.4% from 2017)
  2. Lower-voltage switches, fuses: $2.3 billion (up 7.7%)
  3. Insulated wire/cable: $2.2 billion (up 7.3%)
  4. TV receivers/monitors/projectors: $2 billion (up 4.6%)
  5. Electric motors, generators: $1.9 billion (up 16.8%)
  6. Electrical converters/power units: $1.9 billion (up 10.9%)
  7. Electric water heaters, hair dryers: $1.8 billion (up 10.1%)
  8. Integrated circuits/microassemblies: $1.7 billion (up 15.3%)
  9. Electric circuit parts, fuses, switches: $1.4 billion (up 9.7%)
  10. Electrical/optical circuit boards, panels: $1.2 billion (up 16.3%)

Among these import subcategories, Italian purchases of electric motors and generators (up 16.8%), electrical or optical circuit boards or panels (up 16.3%) then integrated circuits and microassemblies (up 15.3%) grew at the fastest pace from 2017 to 2018.

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 Trading Partners, Italy’s Top 10 Major Export Companies and Italy’s Top 10 Exports

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 21, 2019

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 21, 2019

Trade Map, International Trade Centre. Accessed on March 21, 2019