Italy india trade. The countries aim to boost bilateral trade to €20 billion by 2029 and are exploring joint ventures and a The charts display import tariffs on products traded between Italy and India in 2023. Plan your trade strategy with expert data and analysis. Italian port cities were important trading posts on the ancient spice route. During the visit, India-Italy bilateral relations were elevated to a Strategic Partnership. Both leaders agreed to advance the India-Italy Joint Strategic Action Plan for 2025-2029, which outlines concrete steps to increase trade and investment. 33 Billion during 2024, according to the United Nations COMTRADE database on international trade. On the economic front, bilateral trade between India and Italy has substantially increased; it was estimated at 4. Rome aims to position itself as a strategic connector – economically, digital and politically – in a changing world landscape Decode the news. Dec 11, 2025 · From our correspondent MUMBAI - Counting on the fact that relations between the two countries have not been so good for many years now, India and Italy have set themselves the ambitious target of increasing trade exchanges from the current EUR 14 billion to EUR 20 billion by 2029. Strengthening ties for a sustainable and prosperous future. The US is Italy’s top wine market, with exports of 1. Find latest news from every corner of the globe at Reuters. Italy Exports to India - data, historical chart and statistics - was last updated on February of 2026. The trade barriers faced by exporters and investors were also discussed, with both sides agreeing to resolve such issues through continuous dialogue. Italian companies are set to expand in sectors such as automotive and Services Trade - In 2023 Italy imported services from India worth Euro 489. Bilateral trade in 2023-24 reached US$ 14. Italy's Deputy PM Tajani announced a push for deeper trade ties with India, aiming for €700 billion in exports by 2027. He noted that Italy's advanced machinery and precision agriculture technologies can significantly aid India's economic growth. 5% from 2023. Minister Adolfo Urso Visits AI Impact Summit – Strengthening Italy–India Tech Cooperation We were honoured to welcome Adolfo Urso, Minister of Enterprises and Made in Italy, to the AI Impact Italy Imports from India was US$9. 2 billion, a 1% increase compared to 2023. Please select a country in the dropdown menu below to see the values for the 6 dimensions. t potential: India and Italy have been trading partners since the Roman era, so the country’s low investment and trade volumes are regrettable. Explore search trends by time, location, and popularity with Google Trends. Read here to know more about the bilateral ties. 75%) i. Plenty of opportunity exists for trade and investment as India seeks to lessen trade dependencies, build infrastructure, and expand manufacturing capacity. The latest data highlights significant trade surpluses with major partners including USA, Netherlands, Bangladesh, UK, Italy, and Nepal. Strengthening EU-India partnership: If the India and EU sign a trade pact in the coming time, Italy and India can enjoy major two-way trade benefits. 76 billion. MISSION The IICCI is an association of Indian and Italian enterprises, professional and intermediate bodies. Way forward Economic Partnership: Strengthen trade ties to increase trade volume, explore new avenues for investment, and promote economic cooperation. Both countries are eyeing collaboration in defence, space technology, and other emerging sectors. The total value of trade between the two countries was €14. Italy recognized the necessity of engaging with India as a strategic partner to diversify its trade relationships. Historically, trade and cultural ties dates back to the era of the Roman Empire and Ancient India. IndiaItaly promotes business, trade, projects and investments between India and Italy, across several sectors, such as education, agriculture, food, etc. 5) On the 2-3 March 2023, PM Meloni paid her first ever state visit, to India, and was Chief Guest at Raisina Dialogue. Italy updates its role in EU-India relations, using a high-level visit to New Delhi to support both the IMEC “cotton route” and the long-awaited free trade agreement between Brussels and New Delhi. . 9 billion euros ($2. What began as a predominantly trade-driven partnership—centered on exports of Italian machinery and The India-Italy bilateral trade corridor shows a resilient growth trajectory, characterized by a 15. Italys Ambassador to India, Antonio Enrico Bartoli, outlines how both countries are expanding cooperation through a new strategic plan covering trade, mobility, space, defence and culture, while rising investments and even cricket links signal a broader, more ambitious partnership. FACTSHEET * INDIA AND EUROPEAN UNION TRADE AGREEMENT “MOTHER OF ALL DEALS” UNLOCKING OPPORTUNITIES EMPOWERING INDIA@2047 s for a Free Trade Agreement (FTA), an important milestone in one of India’s most strategic economic partnerships. Italy, which has invited Prime Minister Narendra Modi for the G7 Summit Outreach Sessions, is India's fourth largest trading partner in the European Union, 18th largest foreign investor with bilateral relations upgraded to the level of 'Strategic Partnership' with focus on defence, Indo-Pacific Italy is reportedly in talks with India to expand cooperation on port infrastructure, including ship and yacht manufacturing sectors. India is one of the dozen countries opting to participate as observers without joining the board. The Enrica Lexie Case: In 2012, two Indian fishermen were killed by Italian marines. Italy Imports from India - data, historical chart and statistics - was last updated on February of 2026. 6 Billion during 2024, according to the United Nations COMTRADE database on international trade. 48% of global Italian exports of services. Transworld Global Logistics Solution India Private Limited Trade Data from global. Italy ranks 18th in terms of FDI inflows into India during April 2000 to June 2024. Deputy Prime Minister Antonio Tajani of Italy, accompanied by a delegation, visited India to bolster bilateral cooperation. 9 billion Euros in 2022, with a 42% growth over 2021. [xi] Italy is the fifth largest trading partner of India in the EU. Overview of India-Italy Trade Relations Indo- Italy Trade Relations Indian Exports to Italy Italy comes in the fifth position in the EU when it comes to trade with India and also Trade Commissioner Coordinator for India, Bangladesh, Sri Lanka Sabrina Mangialavori Deputy Trade Commissioner Richa Dua Senior Trade Analyst Abbigliamento, prodotti tessili ed accessori moda Mobili e complementi d'arredo Articoli per illuminazione Elettrodomestici Macchine per concerie, calzature e pelletteria Pelletteria, calzature, concerie Italy Exports to India was US$5. The article highlights that the Netherlands, along with Italy, France, Greece, Spain, Poland, Hungary, and several other European destinations, is set to experience a projected twenty-eight percent growth in tourism from India and China in 2026. This initiative seeks to strengthen economic ties and improve logistics and port infrastructure to boost exports. India–Italy relations are the international relations that exist between India and Italy. India Consulate General Of Italy In Kolkata India Company import History Records. Ahead of his India visit, Italian deputy prime minister and foreign minister Antonio Tajani in an interview said, Italy intends to grow trade with India to €20 billion by 2029 from the current Services Trade - In 2023 Italy imported services from India worth Euro 489. Both sides agreed to collaborate in cyber security, innovation, defence, outer space, green economy, energy security and transition, defence co-production and co-innovation, blue In 2024, Italian exports to India reached €5. Trade Data Pro platform for HS code, importer exporter records, customs shipment details At the 'Italy-India Business, Science and Technology Forum' held in New Delhi on Friday, Italian Deputy Prime Minister and Minister of Foreign Affairs & International Cooperation, Antonio Tajani, emphasized the importance of India in ensuring stability in the Indo-Pacific region, a key factor for bolstering trade. India – Italy Relations There have been constant collaborations between India and Italy across sectors that have given impetus to bilateral trade relations. 68 billion, the overall trade volume remains significantly higher than pre-2021 levels, indicating a matured The economic relationship between India and Italy is undergoing a structural transformation. During 2024, the top exports from India to Italy were Telephones ($1. India's exports to Italy witnessed a substantial expansion between 2020 and 2022, nearly doubling from $4. Indian Italy Trade Relations have shown an overall growth over the years. 56 billion with India's exports at US$ 8. Italy is India's 4th largest trading partner in EU, after Germany, Belgium and The Netherlands. 5 billion. Italy is betting on India as a top export destination, with Minister Adolfo Urso saying a future EU-India free trade deal could double Italian exports within three years while deepening tech and industrial ties. Italian Minister for Foreign Affairs Antonio The Indian Chamber of Commerce for Italy offers a wide range of services to facilitate business between India and Italy from market entry support to legal and tax assistance. Italy exported to India services worth Euro 654. Discussions with Indian counterparts focused on trade, defense, technology, and clean energy under the Joint Strategic Action Plan 2025-29. INDIA-ITALY BILATERAL RELATIONS India and Italy are ancient civilizations with rich cultural heritage. Our mission is to support the establishment and development of industrial and commercial collaborations between India and Italy, thus furthering the economic interests of the two countries. 2 billion, a slight decrease of 0. This placed India as the fifth-largest market for Italian exports in the Asia-Pacific region, accounting for 9. 77 billion to a peak of $10. Italy wants to be India's gateway to Europe via IMEEC. Consulate General Of Italy In Kolkata India Trade Data from global. Italy aims to become India's third-largest trade partner in the EU. e. r. 14 million (+49. 71 billion Italy's imports of Trade between India and Italy is expected to surge 10-15% each year for the next 4-5 years, according to Claudio Maffioletti, chief executive officer of the Indo-Italian Chamber of Commerce and Trade Growth Goals Last year, trade between India and Italy reached $14 billion. Trade in goods and services between Italy and India almost doubled between 2017 and 2023, reaching more than 14 billion euros. 0. The visit also saw the launch of the India-Italy Business, Science and Tech Forum to promote collaborations and partnerships across Bilateral Treaties and Agreements signed between India and Italy Home › Political Wing › Bilateral Treaties and Agreements signed between India and Italy List of MoUs/Agreements between India and Italy India and Italy are introducing the 'Cotton Route' initiative to enhance trade relations. Although the subsequent years, 2023 and 2024, saw a moderate contraction to approximately $9. 96% over 2022). 98 million (+52. The Business Meets are an interaction between Italian & Indian institutions in India & Italy and managers of Italian, Indian and Indo-Italian companies in India & Italy that cover strategic sectors for Indo-Italian business relations and intends to: •define the state-of-the-art of Indo-Italian trade and investments relations India and Italy have discussed progress of talks on the proposed free trade agreement between New Delhi and the European Union (EU) and hope for its early conclusion, the commerce ministry said on Thursday. Improving logistics and port infrastructure is crucial for this growth. Italy Transworld Global Logistics Solution India Private Limited Company import History Records. Designed as modern, rules-based trade partnership, the FTA responds to contemp India and Italy are working to put together a maritime partnership, including via the India-Middle East-Europe Economic Corridor (IMEEC), on what it calls 'Cotton Route' connecting Italian ports and Indian ports in the Western Indian Ocean with a focus on trade, defence and blue economy. com, your online source for breaking international news coverage. On the business front, there has been a series of trade delegations and government-led trade initiatives that have enabled Italy to successfully establish a more dynamic relationship with India. 8% of Italy’s total regional exports. The Venetian merchant Marco Polo, during his travels to the east, travelled to India in the 13th century and wrote about his experiences. Read about the India Italy Trade Agreement and explore latest deal resources related to bilateral trade agreement between them. Leverage the work of the Joint Commission for Economic Cooperation and of the Italy-India Joint Working Group on Food Processing, to increase bilateral trade, market access and investment, especially in sectors with high potential such as transportation, agricultural products and machinery, chemical-pharmaceuticals, wood and furniture, critical Economic: Italy is India's 4th largest trading partner in the EU after Germany, Belgium and Netherlands. The figures of export and imports in between both the countries showed a positive trend till 2008, which declined to certain extent in 2009. The bilateral trade between India and Italy has been growing strongly in the last three years following the economic recovery post Covid-19 pandemic. Italy aims to become India’s fourth-largest EU trade partner by 2030. Italy export to India 2026: Get the latest trade statistics, volume predictions, and market insights. Others include Germany, Italy, Norway, Switzerland and the United Kingdom. Dec 11, 2025 · New Delhi – Italy intends to grow trade with India to €20 billion by 2029 from the current level of about €14 billion, and Italian investments into the country were up by €500 million during the first half of 2025 alone, Italian deputy prime minister and foreign minister Antonio Tajani said ahead of a visit to New Delhi, his second this year. Trade Data Pro platform for HS code, importer exporter records, customs shipment details This chart compares trade between India and Italy, considering products traded by both at HS4 level. 3 billion) in 2024, nearly a quarter of Italy’s total global wine shipments. Explore the Italy-India Joint Strategic Action Plan 2025-2029, focusing on bilateral cooperation in defence, trade, energy, technology, and culture. Brazil is seeking lower tariffs to expand chicken exports to India, proposing zero-duty quotas while offering access for Indian pomegranates and macadamia nuts, as bilateral trade aims to grow from $15 billion to $20 billion. Tajani, who is set to meet Prime Minister 3 days ago · Italy is India's 4th largest trading partner in EU, after Germany, Belgium and The Netherlands. 38B), Refined Petroleum ($569M), and Hot-Rolled Iron ($482M). The discussion encompasses broader areas of blue economy and India-Italy relations existed since ancient times in terms of trade and travelers. The target was set yesterday by Foreign Minister Antonio Tajani, during the plenary session of the Italy India Get the latest information on India Italy Trade. India maintains a strong competitive position in consumer electronics and raw materials, while Italy captures the market through high-tech industrial automation and specialized machinery. India is Italy’s second-largest trading partner in Asia. Fostering industrial partnerships will also play role. Many firms cautioned that Trump could pursue other avenues to impose similar tariffs, reducing the benefit of lower levies, while tariff refunds are likely to be difficult to obtain. Each box represents a product, with its size indicating import volume in terms of trade value and its color representing the tariff rate (lighter shades for lower tariffs, darker shades for higher tariffs). 85% growth rate and a near doubling of total trade since 2020. India Exports to Italy - data, historical chart and statistics - was last updated on February of 2026. India Exports to Italy was US$8. 46 Billion during 2024, according to the United Nations COMTRADE database on international trade. 71 billion Italy's imports of Low trade w. Dec 22, 2025 · Italy's Deputy Prime Minister Antonio Tajani highlighted the potential for increased Italy-India cooperation, emphasizing trade, investment, and innovation. After a first country has been selected, a second and even a third country can be chosen to be able to see a comparison of their scores. (Data: Central bank of Italy) The provisional service trade data for year 2024 is as follows: Italy's exports of services to India: Euro 0. mece1, 8dybe, amudg, 6dj0g, tnvz, 6spl, mecw, zux3q, sbbv, 0phoct,