Export Opportunities for U.S. Businesses
KEY TRADE INDICATORS
Economy in the
Economy in the
Market for U.S.
ECONOMIC AND BUSINESS ENVIRONMENT
In 2013 Italy was the 22nd largest market for U.S. exports, which totaled approximately USD 16.5 billion. Italy is a mature and sophisticated market. U.S. firms enjoy good opportunities in sectors where new regulations or programs (often imposed or initiated at the EU level) are creating demand; with new products/services where there is little or no domestic competition; and/or where the U.S. product offers clear technological, design, or price advantages. Best prospects for U.S. exports include Airport and Ground Support Equipment, Automotive Parts and Equipment, Cosmetics and Toiletries, Cybersecurity, Energy Efficiency Technologies, Medical Devices and Technologies, Mobile Communications and Private Equity.
TOP INDUSTRY EXPORT OPPORTUNITIES
Airport and Ground Support Equipment
Italy is an important European market for airport and ground support equipment. Italian airports handled 143.5 million passengers in 2013. Airports with the greatest passenger movement include Milan Malpensa (51%), Rome Fiumicino (17 %), and Bergamo (14 %). Italian airport authorities focus on improvements in areas including anti-intrusion systems, automated baggage handling systems (BHS), approach surveillance radars, precision approach path indicators and radars, digital x-ray systems, fire detection and extinguishing equipment and the broad range of services related to airport and ground handling operations.
Energy Efficiency Technologies
Italy is a fertile market for technologies that improve energy efficiency (EE) in buildings and industry. One of the goals of the National Energy Strategy is to reduce consumption of electricity, gas, and combustibles by 23 percent by 2020. EE technologies with the best growth potential, and where U.S. industry has the best chance of succeeding; heat pumps, technologies for Home and Building automation, high efficiency motors/inverters, technologies for co-generation
Mobile Communications Equipment and Services
Italy has the fourth largest telecommunications market and the third largest mobile communications market in Western Europe. Mobile phone penetration in Italy is among the highest in the world, with 48+ million users. Best prospects are in Internet-of-Things (IoT)/ Machine-to-Machine (M2M) Communication, mobile cloud computing, unified communications, mobile security solutions, mobile e-Commerce and secure e-Payment solutions, mobile marketing & services and other mobile applications.
TRADE REGULATIONS & CUSTOMS INFORMATION
The Integrated Tariff of the Community, referred to as TARIC (Tarif Intégré de la Communauté), is designed to show the various rules which apply to specific products being imported into the customs territory of the EU. Practically all goods originating in the United States can be imported into Italy without import licensing or free of quantitative restrictions.
The Single Administrative Document (SAD) is the official model for written declarations to Customs. Goods brought into the EU customs territory are, from the time of their entry, subject to customs supervision until customs formalities are completed. Goods are covered by a Summary Declaration which is filed once the items have been presented to customs officials.
Most customs duties and value added tax (VAT) are expressed as a percentage of the value of goods being declared for importation. Thus, it is necessary to dispose of a standard set of rules for establishing the goods' value, which will then serve for calculating the customs duty.
U.S. Export Controls
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) is responsible for implementing and enforcing the Export Administration Regulations (EAR), which regulate the export and re-export of some commercial items, including “production” and “development” technology.
Download Italy's Country Commercial Guide for more Customs and Trade Regulation Information
IMPORTANT COUNTRY GOVERNMENT ENTITIES
LOCAL U.S. SUPPORT CONTACT
Download the complete Country Commercial Guide
Source: U.S. Commercial Service