Italy's merchandise imports by the reporting economy (current US$) was US$634.52 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 33.33% from US$475.92 billion in 2013 (2.92% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$634.52 billion | 2023 |
| Five years earlier | US$501.18 billion | 2018 |
| Ten years earlier | US$475.92 billion | 2013 |
| Highest | US$689.14 billion | 2022 |
| Lowest | US$4.22 billion | 1960 |
| Average since 2014 | US$502.43 billion | 2014–2023 |
| First recorded | US$4.22 billion |
What the numbers say
In 2023, Italy's merchandise imports by the reporting economy (current US$) fell 7.9% on 2022 (from US$689.14 billion to US$634.52 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +5.6% and a typical year strayed about 13.4% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 49.3% in 1974 and the biggest yearly fall was 26.3% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about US$24.91 billion a year. A straight line explains 60% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Italy had the 11th highest value of the 205 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Italy | US$634.52 billion | 2023 |
| World | US$23.45 trillion | 2023 |
| Europe & Central Asia | US$9.21 trillion | 2023 |
| High income | US$16 trillion | 2023 |
Closest to Italy in the 2023 ranking
- India — 8th of 205: US$666.53 billion
- Hong Kong SAR, China — 9th of 205: US$655.42 billion
- Korea, Rep. — 10th of 205: US$640.41 billion
- Mexico — 12th of 205: US$633.53 billion
- Canada — 13th of 205: US$585.79 billion
- Belgium — 14th of 205: US$555.3 billion
What this measures
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 64 values
| Year | Merchandise imports by the reporting economy (current US$) |
|---|---|
| 2023 | 634,517,493,701 |
| 2022 | 689,135,825,632 |
| 2021 | 564,215,679,367 |
| 2020 | 425,023,686,623 |
| 2019 | 472,769,399,294 |
| 2018 | 501,182,502,188 |
| 2017 | 451,131,771,249 |
| 2016 | 405,111,525,726 |
| 2015 | 409,255,046,490 |
| 2014 | 471,996,196,134 |
Merchandise imports by the reporting economy (current US$) in nearby economies
- Albania — US$8.69 billion (2023)
- Armenia — US$12.46 billion (2023)
- Austria — US$226.25 billion (2023)
- Azerbaijan — US$17.28 billion (2023)
- Belarus — US$57.11 billion (2023)
- Belgium — US$555.3 billion (2023)
- Bosnia and Herzegovina — US$15.34 billion (2023)
- Bulgaria — US$53.42 billion (2023)
- Croatia — US$43.25 billion (2023)
More private sector & trade data for Italy
- Merchandise trade (% of GDP) — 54.68% (2025)
- Merchandise imports (current US$) — US$668.67 billion (2025)
- Merchandise exports (current US$) — US$726.5 billion (2025)
- Agricultural raw materials imports (% of merchandise imports) — 1.53% (2025)
- Food imports (% of merchandise imports) — 11.98% (2025)
- Fuel imports (% of merchandise imports) — 10.73% (2025)
- Manufactures imports (% of merchandise imports) — 67.38% (2025)
- Ores and metals imports (% of merchandise imports) — 4.87% (2025)
- Merchandise imports from economies in the Arab World (% of total merchandise imports) — 7.87% (2023)
Reading data like this
Questions people ask
- What is Italy's merchandise imports by the reporting economy (current US$)?
- US$634.52 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 14,939% from US$4.22 billion in 1960 (8.28% a year on average, compounded). The highest value was US$689.14 billion in 2022 and the lowest US$4.22 billion in 1960.
- How does Italy rank?
- 11th highest of 205 economies with data for 2023.
- Is the latest change in merchandise imports by the reporting economy (current US$) unusual for Italy?
- In 2023, Italy's merchandise imports by the reporting economy (current US$) fell 7.9% on 2022 (from US$689.14 billion to US$634.52 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +5.6% and a typical year strayed about 13.4% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator TM.VAL.MRCH.WL.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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