Italy recorded a trade surplus of €50.7 billion in 2025, even as U.S. trade restrictions weighed on global commerce, according to a new report by the national statistics office.

Exports rose by 3.3%, with particularly strong performance in pharmaceuticals and specialized transport equipment. Notably, Italy was the only major European economy to increase exports to the United States, posting a 7.2% rise.

However, growth was uneven. Several sectors - including automotive and metals - saw declines, and more than half of manufacturing industries recorded contractions in exports.

The report also highlights Italy’s growing dependence on non-EU markets and strategic imports, especially from China, raising concerns about supply chain vulnerabilities and geopolitical risks.