Italian exports to US rise 7% in 2025 despite Trump's tariffs

Feb 17 (Reuters) - Italian exports to ‌the United States ​rose ​by more than 7% last year, data showed on Tuesday, despite tariffs imposed by President Donald Trump in July which had triggered fears of ‌a major dampening impact.

Imports from Italy, the European Union's third-largest economy, ⁠are subject to a 15% tariff imposed on most EU goods, with additional duties threatened against pasta ‌makers amid an anti-dumping probe from ‌the U.S. Commerce Department.

Nonetheless, Italian exports to the U.S. totaled 69.6 billion euros ($82.41 billion) in 2025, up 7.2% from the year earlier, national statistics bureau ISTAT ​reported.

Italy's trade surplus with the United States, at 34.2 billion euros, was the largest surplus it posted with any country last year, though it was down 12% ⁠year-on-year due to a 36% annual jump in imports.

Italy also registered particularly large trade surpluses in 2025 with Switzerland ​and the United Kingdom, each amounting to more than 19 billion euros.

The 15% U.S. import tariff announced in a deal with the ​EU on July 27 came at the end ‌of protracted negotiations involving threats by Trump of even higher duties which had sparked volatility on financial markets and alarm among exporters.

The ⁠head of Italian business lobby Emanuele Orsini warned in July that even a tariff of 10% on EU products could reduce Italian exports to the U.S. by 20 billion euros in ⁠2026 and cost 118,000 jobs.

In December alone, Italian exports to the US totaled 5.6 billion euros, down ​0.4% from the same month of 2024, ISTAT said.

The country's exports to the U.S. have continued to expand on average since the tariffs took effect in August, despite a volatile monthly trend.

Overall, ‌Italy posted a trade surplus with the rest of the world of 6.0 billion euros ($7.15 billion) in December, compared with a ‌surplus of 5.1 billion euros in the same month of 2024, ISTAT said.

In 2025 as ⁠a whole, it recorded a global ‌trade surplus of 50.7 billion ​euros, compared to a surplus of 48.3 billion euros the year before.

($1 = 0.8445 euros)

(Reporting by Enrico Sciacovelli, additional reporting Claudio Piacquadio, editing by ‌Gavin Jones)

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