Italian Exports to the United States Continue to Grow

In 2023, Italian exports to the USA saw another significant increase (+5.4%) compared to 2022setting a new historical record for the absolute value of our exports across the ocean, reaching $72.9 billion. The performance of Italian exports allowed Italy to maintain its position in the ranking of US trading partners.

Italy ranked as the 11th largest supplier to the United States, and also slightly increased its market share (2.3%) compared to 2.2% in 2022. The leading sectors of our exports were: Machinery, Fashion and Accessories, Chemicals and Pharmaceuticals, Transportation, Agri-food and Beverages.

In this very positive context, Italian exports to Florida are growing at a much faster rate (+12% compared to 2022) compared to the US average, reaching a value of $3.89 billion.

Also in 2023, Italy recorded a trade surplus with the United States of a whopping $44 billion.

Source: US Census, Italian Trade Agency