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Italy - Trade Balance 2016

External balance on goods and services · World Bank
$59.7B +$7.1B from 2015 Global rank: 173rd

Italy's trade balance was $59.7B in 2016, increased +$7.1B from $52.6B in 2015. This was the 173rd highest globally.

Global Ranking - 2016▾
Trade Balance by Country - 2016
RankCountryValueYoY
1st United States $-503.3B 4.0%
2nd United Kingdom $-46.5B -15.4%
3rd India $-40.5B 16.1%
4th Canada $-36.0B 6.1%
5th Egypt, Arab Republic of $-31.8B -13.8%
6th Australia $-29.2B -40.9%
7th Philippines $-26.9B -85.5%
8th Algeria $-23.1B -1.5%
9th Mexico $-22.9B 9.6%
10th Pakistan $-22.7B -12.1%
11th Colombia $-19.1B 7.7%
12th Türkiye $-14.0B -23.0%
13th Lebanon $-12.4B 2.7%
14th Morocco $-10.8B -33.7%
15th Bangladesh $-9.3B 36.0%
16th France $-8.6B -197.6%
17th Jordan $-8.0B 7.5%
18th Yemen, Republic of $-6.7B -29.1%
19th Ukraine $-6.5B -171.9%
20th Turkmenistan $-6.4B -80.2%
21st Nepal $-6.3B 1.2%
22nd Kenya $-6.3B 11.4%
23rd Sri Lanka $-6.0B 1.0%
24th Libya $-6.0B 1.6%
25th Guatemala $-5.9B 8.0%
26th Argentina $-5.8B 9.3%
27th West Bank and Gaza $-5.7B -4.9%
28th Mozambique $-4.8B 12.2%
29th Tunisia $-4.7B 2.6%
30th Guinea $-4.6B -76.2%
31st Congo, Republic of $-4.2B 5.9%
32nd Uzbekistan $-3.9B -40.9%
33rd El Salvador $-3.8B 6.7%
34th Honduras $-3.1B 12.0%
35th Ghana $-3.1B 29.6%
36th Syrian Arab Republic $-3.0B 19.3%
37th Bosnia and Herzegovina $-2.8B 5.1%
38th Somalia, Fed. Rep. $-2.8B -5.9%
39th Cambodia $-2.6B -6.5%
40th Namibia $-2.6B 14.5%
41st Haiti $-2.6B 6.3%
42nd Dominican Republic $-2.5B 16.7%
43rd Finland $-2.5B -171.1%
44th Bolivia, Plurinational State of $-2.5B -23.2%
45th Greece $-2.5B -43.4%
46th Mali $-2.4B -17.0%
47th Zimbabwe $-2.3B 36.7%
48th Kyrgyz Republic $-2.3B 14.1%
49th Georgia $-2.3B 9.5%
50th Sudan $-2.2B 21.5%
51st Congo, Democratic Republic of $-2.2B 3.5%
52nd Nicaragua $-2.1B 7.3%
53rd Senegal $-2.1B 7.7%
54th Tajikistan $-2.1B 18.3%
55th Serbia $-2.0B 27.6%
56th Albania $-2.0B -1.7%
57th Romania $-2.0B -34.3%
58th Guam $-1.9B 6.1%
59th Moldova $-1.9B 6.1%
60th Uganda $-1.9B 52.0%
61st Kosovo $-1.8B 0.2%
62nd New Caledonia $-1.7B 18.6%
63rd Rwanda $-1.6B -1.2%
64th North Macedonia $-1.6B 2.9%
65th Lao PDR $-1.4B 46.5%
66th Tanzania $-1.4B 56.4%
67th Niger $-1.3B 19.6%
68th Montenegro $-983.6M -31.4%
69th Kuwait $-977.1M -109.7%
70th Lesotho $-946.3M 8.7%
71st Cameroon $-926.1M 19.3%
72nd Armenia $-905.9M 29.8%
73rd Sierra Leone $-903.1M 14.2%
74th Timor-Leste $-885.8M -3.2%
75th French Polynesia $-791.1M 9.4%
76th Togo $-788.2M 12.8%
77th Burkina Faso $-777.9M 4.4%
78th Virgin Islands (US) $-731.0M -1,229.1%
79th Zambia $-693.6M 41.6%
80th Panama $-546.5M 45.7%
81st Mauritius $-537.7M -10.4%
82nd Chile $-527.5M 77.5%
83rd Bhutan $-521.9M 10.2%
84th Benin $-446.1M 46.5%
85th Curaçao $-395.1M -14.0%
86th Central African Republic $-381.2M -18.2%
87th Peru $-361.2M 92.6%
88th Mauritania $-339.3M 67.6%
89th Madagascar $-313.9M 37.5%
90th Cabo Verde $-230.0M -12.0%
91st American Samoa $-210.0M 11.4%
92nd Gambia, The $-187.1M -1.5%
93rd Bahamas, The $-179.3M -176.3%
94th Oman $-169.1M -107.3%
95th Tonga $-163.1M 21.5%
96th Kiribati $-161.1M -2.6%
97th Comoros $-159.9M 5.6%
98th Seychelles $-159.4M -52.4%
99th Micronesia, Federated States of $-150.0M 7.4%
100th Samoa $-149.0M 11.2%
101st Djibouti $-144.4M -126.5%
102nd Greenland $-116.6M 41.2%
103rd Northern Mariana Islands $-116.0M 24.2%
104th Vanuatu $-92.2M 39.8%
105th Belarus $-91.0M -251.0%
106th Marshall Islands $-87.5M 4.8%
107th Guinea-Bissau $-84.1M -70.5%
108th Solomon Islands $-84.0M 13.9%
109th Palau $-67.8M -14.4%
110th Maldives $-50.8M -113.5%
111th Belize $-42.2M -105.4%
112th Nauru $-24.7M 48.7%
113th Aruba $31.2M 600.2%
114th Eswatini $45.2M -20.5%
115th Mongolia $77.1M 151.6%
116th Antigua and Barbuda $119.5M -26.7%
117th Faroe Islands $127.2M 500.8%
118th Latvia $142.7M 145.6%
119th Chad $163.9M -84.6%
120th Costa Rica $201.1M 146.7%
121st Lithuania $313.0M 176.4%
122nd San Marino $381.6M -2.4%
123rd Cyprus $409.6M -25.4%
124th Ecuador $531.4M 123.6%
125th Croatia $579.8M 441.5%
126th Estonia $787.8M -5.1%
127th Belgium $846.9M -73.3%
128th Azerbaijan $1.1B -33.7%
129th Côte d'Ivoire $1.1B 22.8%
130th Equatorial Guinea $1.1B -39.6%
131st Botswana $1.3B 245.3%
132nd Brunei Darussalam $1.3B -28.2%
133rd Angola $1.4B 150.1%
134th South Africa $1.5B 132.4%
135th Iceland $1.5B 10.5%
136th New Zealand $1.5B -14.7%
137th Malta $1.6B 34.0%
138th Slovak Republic $1.7B -3.6%
139th Bermuda $1.8B 0.8%
140th Paraguay $2.4B 154.7%
141st Portugal $2.5B 66.2%
142nd Cuba $2.5B 5.4%
143rd Saudi Arabia $2.5B 108.6%
144th Gabon $2.5B -3.4%
145th Bulgaria $2.7B 524.6%
146th Iraq $2.7B 389.0%
147th Bahrain $2.8B -19.2%
148th Uruguay $3.1B 1,542.6%
149th Iran, Islamic Republic of $3.6B 143.8%
150th Slovenia $3.8B 10.4%
151st Kazakhstan $4.6B -36.9%
152nd Israel $5.1B -40.2%
153rd Indonesia $7.1B 114.0%
154th Brazil $7.2B 134.5%
155th Viet Nam $7.2B 223.6%
156th Hong Kong SAR, China $7.3B -0.9%
157th Qatar $8.9B -73.0%
158th Norway $10.2B -60.7%
159th Hungary $10.6B 12.1%
160th Sweden $12.4B -23.7%
161st Poland $13.9B 40.5%
162nd Austria $14.8B 6.0%
163rd Czechia $15.2B 33.8%
164th Macao SAR, China $18.3B 6.8%
165th Denmark $18.8B -3.9%
166th Malaysia $20.0B -11.7%
167th Luxembourg $21.0B 7.5%
168th Puerto Rico (US) $28.4B 7.8%
169th Japan $40.3B 263.7%
170th Spain $49.3B 35.5%
171st Thailand $56.1B 33.9%
172nd Ireland $57.0B -36.5%
173rd Italy $59.7B 13.5%
174th Russian Federation $66.3B -39.6%
175th Switzerland $69.3B -5.1%
176th Singapore $83.9B -0.2%
177th Netherlands $86.5B 45.6%
178th United Arab Emirates $89.9B 0.4%
179th Korea $99.9B -0.9%
180th China $255.5B -28.8%
181st Germany $257.0B 1.2%
Source: World Bank (NE.RSB.GNFS.CD)

FAQ

What was Italy's trade balance in 2016?▾

Italy's trade balance in 2016 was $59.7B. This ranked 173rd globally.

How did Italy's trade balance change in 2016?▾

Italy's trade balance increased by 13.5% in 2016 compared to 2015.

Which country had the highest trade balance in 2016?▾

Germany had the highest trade balance in 2016 at $257.0B.

What is the trade balance of Italy in 2016?▾

The trade balance of Italy in 2016 was $59.7B. This ranked 173rd globally.

What was Italy's trade balance in billion in 2016?▾

Italy's trade balance in 2016 was approximately 59.73 billion ($59.7B).

How does 2016 compare to 2015 for Italy's trade balance?▾

Italy's trade balance went from $52.6B in 2015 to $59.7B in 2016, a 13.5% increase.

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2015 2017 All years Full ranking 2016 Exports Imports Current Account Balance FDI Inflows FDI Outflows Peak: 2020 Lowest: 2010 Trade Balance 1990s Trade Balance 2000s Trade Balance 2010s Trade Balance 2020s Highest ever Lowest ever Average vs European Union vs Cyprus vs Virgin Islands (US) vs Guam G20 Trade Balance G7 Trade Balance European Union Trade Balance NATO Trade Balance OECD Trade Balance Global Ranking