The Treasurer’s Guide to Trade Finance

Italy

Principal exports

Engineering products, textiles and clothing,

production machinery, vehicles, transport

equipment, chemicals, food, beverages,

tobacco, minerals, and nonferrous metals.

Import/Export documentation

Within the EU: no documentation

requirements, but a commercial invoice is

typically included.

Outside the EU: commercial invoice, customs

declaration, bill of lading, packing list and,

sometimes, a certificate of origin.

Licences

Imports

ƒ Certain textile products from non-EU

countries, all textile products and numerous

other products originating from China,

iron and steel products originating from

Kazakhstan and Russia, and potassium

chloride originating from Belarus.

ƒ Surveillance documents: certain iron and

steel imports.

Exports

ƒ Technological products used in oil extraction

and certain agricultural products to be

exported outside the EU.

Tariffs/Taxes

Imports

ƒ Tariffs on imports from outside the EU are

set according to the EU’s common customs

code, with higher rates for agricultural

imports.

Exports

ƒ None.

Financing requirements for imports/

exports

ƒ None.

Prohibited items

ƒ Imports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions, such as items deemed a threat

to fauna and flora and national security.

ƒ Exports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions.

Italy imports exports

Trade information

Key trading partners

Imports by origin

EU 53.2%

China 7.3%

Russian

Federation 4.5%

USA 3.3%

Switzerland 2.8%

Other 28.9%

Source: WTO, September 2012

Exports by destination

EU 55.4%

USA 6.1%

Switzerland 5.5%

China 2.7%

Turkey 2.5%

Other 27.8%