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Italy Trade (% GDP)

Italy's trade (% GDP) fell to 63.18% in 2024, down from 65.64% in 2023, according to World Bank. This represents a decrease of 2.46% from the previous year. Italy has trade (% GDP) lower than the global median (63.18% vs median 84.49%). Compared with the median in Europe, Italy is lower (63.18% vs regional median 111.00%) and ranks 41st out of 44 countries in Europe.

Yearly Historical Data (1970-2024)

(in %)
Year Trade (% GDP)
2024 63.18%
2023 65.64%
2022 72.02%
2021 60.3%
2020 53.94%
2019 58.69%
2018 59.27%
2017 57.58%
2016 54.43%
2015 55.44%
2014 54.45%
2013 54.03%
2012 54.88%
2011 54.47%
2010 51.66%
2009 45.14%
2008 54.21%
2007 54.83%
2006 52.92%
2005 49.12%
2004 47.27%
2003 45.99%
2002 47.87%
2001 49.86%
2000 50.27%
1999 44.53%
1998 45%
1997 44.48%
1996 42.8%
1995 45.58%
1994 40.36%
1993 37.67%
1992 34.83%
1991 33.8%
1990 36.24%
1989 36.97%
1988 35.03%
1987 35.48%
1986 36.08%
1985 42.54%
1984 42.34%
1983 40.1%
1982 43.41%
1981 45.18%
1980 42.87%
1979 43.61%
1978 41.17%
1977 41.71%
1976 41.1%
1975 37.31%
1974 40.71%
1973 33.99%
1972 31.75%
1971 30.33%
1970 30.03%
Italy Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Italy divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $674.87B $677.1B 2024
Annual Imports $615.6B $639.93B 2024
Balance of Trade €2B €7.8B Aug'25
Exports €38.7B €61.7B Aug'25
Exports (% GDP) 32.73% 33.53% 2024
FDI Inflows (% GDP) 0.92% 1.82% 2024
Imports €36.6B €53.8B Aug'25
Imports (% GDP) 30.44% 32.11% 2024
Net Trade (Goods & Services, BoP) $61.62B $34.66B 2024
Tariff Rate 1.95% 2.24% 2022