Importing from Italy

Italy Import Guide | Trade Finance Global

Importing from Italy

Italy has a highly skilled, highly educated workforce which has propelled the country’s reputation for producing high quality, superior brands in a variety of manufactured products. Engineering products, clothing and textiles, motor vehicles and production machinery all contribute to about $500 billion in annual exports.

Packaged medicines are the country’s top export, estimated at $22 billion followed by refined petroleum ($19 billion), vehicle parts ($14 billion) and cars ($10 billion). Top export destinations are Germany, France, the United States, the United Kingdom and Switzerland.

Importing from Italy? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 1.1370 EUR
=
1.1370 EUR
Euro
1.00 EUR = 0.87950 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 60,599,936
Area 301,338  km2 (116,347 sq mi)
km2 (71st)
Currency Euro (EUR)
GDP
LanguagesItalian

1.25

Econ Complexity 17th of 184
1980
2015

$446B

Exports 7th of 221
1980
2015

$404B

Imports 11th of 221
1980
2015

$37.2k

GDP Per Capita 31st of 184
1990
2015

Italy: Exports Profile

Exports from Italy

Exports from Italy: $436.3 billion
Export commodities:Engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals, foodstuffs, beverages, and tobacco, minerals, nonferrous metals
Top export destinations:Germany 12.6%, France 11.1%, United States 6.8%,  Switzerland 5.7%, United Kingdom 4.7%, Spain 4.4%
GDP growth (annual %)

Importing from Italy: What is trade finance?

Stock finance is a revolving facility which alternative financiers offer - it enables organisations to buy stock supplies and can help reduce the pressure from cash management.

Generally, an alternative financier will fund all of the cost of the goods, including charges (e.g. bank charges).

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

How does it work?

If you're an SME importing or exporting goods internationally, then a trade finance facility would allow you to fund this through offering a letter of credit or some form of cash advance.

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

If you’re looking to import products from other international markets, you may need import finance, which is an agreement between yourself (the importer) and the foreign exporter. A alternative finance bank would act as the intermediary, paying the foreign exporter on your behalf until you get the products and have then sold them to your end debtor. Repaying the lender then occurs over an agreed period.

Read the TFG Importers 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 60,599,936
Area 301,338  km2 (116,347 sq mi)
km2 (71st)
Currency Euro (EUR)
GDP
LanguagesItalian

1.25

Econ Complexity 17th of 184
1980
2015

$446B

Exports 7th of 221
1980
2015

$404B

Imports 11th of 221
1980
2015

$37.2k

GDP Per Capita 31st of 184
1990
2015
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