Exporting to Italy

Italy Export Guide | Trade Finance Global

Exporting to Italy

Although there is little in the way of energy products such as oil or metals and minerals required in manufacturing, this is where the majority of Italian imports are focused. In the most recent annual figures, about $465 in crude petroleum imports ($43.5 billion), petroleum gas ($26.8 billion) and cars ($20.3 billion) topped the list with raw materials making up much of the balance along with food, textiles and clothing.

Italy’s mountainous terrain means the land is unsuitable for mass agriculture and so imports mainly support the manufacturing sector, dominated by automobiles and machinery. Main trading partners include Germany, France, China and the Netherlands.

Exporting to Italy? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 1.1545 EUR
=
1.1545 EUR
Euro
1.00 EUR = 0.86617 GBP

Country Profile

CapitalItalian RepublicRepubblica italiana(Italian) Flag Emblem Anthem:Il Canto degli Italiani(Italian)"The Song of the Italians" Location of Italy(dark green) ?in Europe(light green &dark grey) ?in the European Union(light green) ? Rome
Population 60,674,003
Area 301,338  km2 (116,347 sq mi)
km2 (72nd)
Currency Euro (EUR)
GDP
LanguagesItalian

Italy: Imports Profile

Imports from Italy

Imports from Italy: $372.2 billion
Import commodities:Minerals, engineering products, chemicals, motor vehicles, base metals, plastics, textiles
Top import destinations:Germany 14.7%, France 8.4%, China 8.4%, Russia 6.3%, Netherlands 5.8%, Spain 4.5%
GDP growth (annual %)

Exporting to Italy: What is trade finance?

Export finance is a revolving facility which lenders offer - it enables SMEs to buy stock and can help ease the pressure from cash flow issues.

Typically, a trade finance bank will fund most of the cost of the goods, including charges (e.g. delivery costs).

Trade finance offers upsides over more traditional bank finance such as asset finance or loans. Trade finance provides up front funding without affecting existing relationships with banks.

How does it work?

If you're a business importing or exporting stock supplies around the world, then a trade finance facility would assist your company to fund this through offering a letter of credit (LC) or some form of cash advance.

I’m looking to export to Italy, how can Trade Finance Global help, and how does it work?

If you are looking to export inventory to other international markets, you may require finance for exporting, which is a commercial agreement between yourself (the exporter), and the importer. A alternative finance bank will advance you the cost of producing the stock that you are exporting (as a debt instrument), either once you have sent the goods, or before producing them. Once your foreign importer has received the inventory and pays you for the import, you will repay the advance from the export funder over an agreed period.

Read the TFG Exporters Guide here.

Importing from Italy? Contact our local experts

Country Profile

CapitalItalian RepublicRepubblica italiana(Italian) Flag Emblem Anthem:Il Canto degli Italiani(Italian)"The Song of the Italians" Location of Italy(dark green) ?in Europe(light green &dark grey) ?in the European Union(light green) ? Rome
Population 60,674,003
Area 301,338  km2 (116,347 sq mi)
km2 (72nd)
Currency Euro (EUR)
GDP
LanguagesItalian

1.15

Econ Complexity 24th of 184
1980
2014

$446B

Exports 7th of 221
1980
2014

$404B

Imports 11th of 221
1980
2014

$37.2k

GDP Per Capita 31st of 184
1990
2014
Back to Top