Foreign trade as a share of GDP reached 59.4 % in 2017 in Italy, according to the National Statistical Office. This is 5.91 % more than in the previous year.
Historically, foreign trade as a share of GDP in Italy reached an all time high of 59.4 % in 2017 and an all time low of 25.4 % in 1960. When compared to Italy's main peers, foreign trade as a share of GDP in Austria amounted to 104 %, 62.9 % in France, 155 % in Slovenia and 119 % in Switzerland in 2017.
Italy has been ranked 114th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 25 places above the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.