ITALY AND

ITS IMPORTS

Submitted by; SNOWA HONSY STEPHANIE

MORIA & JOVIE MAE PANCHO
 Italian trade is dominated by automobiles and machinery. The country is challenged by mountainous
terrain where cultivation of agriculture isn't possible. For the same reason, Italian trade depends on the
manufacturing sector.

Around the world, Italy’s famous brands such as Armani, Valentino, Versace, Benetton, Prada, FIAT,
Lancia, Alfa Romeo, Maserati and Lamborghini have created a niche in the global marketplace where
there is a demand for high quality and superior goods.

Italy’s imports dipped as well following the 2008 recession. The figures dropped from $546.9 billion in
2008 to $358.7 billion in 2010.

Italy imports the following commodities:

 Engineering products

 Transport equipment

 Energy products

 Minerals and nonferrous metals

 Textiles and clothing

 Food and Beverages

 Italy’s main imports partners are:

 Netherlands

In 2017 Italy imported $441B, making it the 10th largest importer in the world.

During the last five years the imports of Italy have decreased at an annualized rate of -1.4%, from $474B
in 2012 to $441B in 2017.

The most recent imports are led by Cars which represent 7.06% of the total imports of Italy, followed by
Crude Petroleum, which account for 5.62%.

top imports are Cars ($31.2B), Crude Petroleum ($24.8B), Packaged Medicaments ($15.1B), Petroleum
Gas ($14.5B) and Vehicle Parts ($8.53B).
Reaction- The advantages of Italy are highly skilled workforce and great amounts of capital in regards to
their manufactured foods, but the disadvantage is that it has lack of natural resources for energy and
minerals; therefore it has a strong need of importing a majority of these products.