According to data processed by the Italian Trade Agency in New York, in 2024, trade between the United States and Italy reached over 108 billion dollars.
In 2024, Italian exports to the United States grew by 17.86%. Italy ranked 11th globally and 3rd in Europe, behind only Germany and Ireland, as a supplier to the United States. The Italian market share stands at 2.3%, slightly lower than the 2.4% recorded in 2023.
By December 2024, Italian exports to the United States surpassed 76 billion dollars in value, while imports of U.S. products into Italy reached 32 billion dollars. The trade balance is therefore strongly positive for Italy, with a surplus of around 44 billion dollars.
The most relevant sectors in Italian exports include the mechanical sector, which reached nearly 18 billion dollars, with a 1.2% increase compared to the previous year. This is followed by the chemical and pharmaceutical sector, valued at 13 billion dollars, with a significant growth of 31.4% compared to the previous year.
The fashion and accessories sector reached 11 billion dollars but recorded a slight decline of 8% compared to 2023. The agri-food and beverage sector also showed positive performance, with a value of over 8 billion dollars, marking an important growth of 17.1%. The group of top five export sectors is completed by the transport equipment sector, which recorded a total value of about 7 billion dollars, declining by 14% compared to 2023.