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Entering the Italian market

Italy is a country with about 58,103,000 inhabitants, in an area slightly larger than Arizona, which is now at sixth place in the global world economy.

The U.S. - Italian bilateral economic relationship is strong and growing. The United States and Italy cooperate closely on major economic issues, including within the G-8. With a large population and a high per capita income, Italy is one of the United States' most important trade partners.

In 2002 the United States was the fifth largest foreign supplier of the Italian market and the largest supplier outside the European Union.

Significant changes are occurring in the composition of this trade: more value-added products such as office machinery and aircraft are becoming the principal U.S. exports to Italy. The change reveals the growing sophistication of the Italian market, and bilateral trade should expand further.

In 2002 the United States imported about $24.3 billion in Italian goods while exporting about $10.1 billion in U.S. goods to Italy.

U.S. foreign direct investment in Italy at the end of 2001 exceeded $23.9 billion.

Back to Italy