Italy and Ukraine
Italy supports Ukraine's self-defence and reconstruction through bilateral assistance and European and G7 mechanisms. Cooperation includes air defence, energy and heritage; Rome hosted the July 2025 international recovery conference, generating agreements and committed financing.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08Bilateral context
Italy condemns Russia's invasion and participates in military, humanitarian and financial assistance.
What merchandise trade shows
In 2025, goods trade between Italy and Ukraine totalled 4,737.1 million current USD.
Documented trade sectors
Within the selected chapters, machinery and mechanical appliances stands out in shipments from Italy to Ukraine, at 545.7 million USD in 2025.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 4,737.12 M USD | 2025 · Comtrade |
| Goods: Italy to Ukraine | 2,594.81 M USD | 2025 · Comtrade |
| Goods: Ukraine to Italy | 2,142.31 M USD | 2025 · Comtrade |
| Services trade | ||
| Export share: Italy to Ukraine | ||
| Export share: Ukraine to Italy | ||
| Investment stock: Italy in Ukraine | ||
| Investment stock: Ukraine in Italy |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2025 · UN Comtrade · Goods; full calendar year; reporter ITA. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
- Goods: Italy to Ukraine
- 2025 · UN Comtrade · Goods; full calendar year; reporter ITA. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
- Goods: Ukraine to Italy
- 2025 · UN Comtrade · Goods; full calendar year; reporter ITA. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
| Indicator | Italy | Ukraine |
|---|---|---|
| Nominal GDP | 2.55 trillion USD2025 · WB | 212.93 billion USDIMF est.2025 · IMF |
| GDP per capita | 43,308.64 USD2025 · WB | 6,499.26 USDIMF est.2025 · IMF |
| GDP growth | 0.54 %2025 · WB | 1.82 %2025 · WB |
| Policy interest rate | 2.5 %2026-09-16 · BCE | 16 %2026-09-17 · NBU / BIS |
| Inflation · annual average | 1.53 %Annual average · 2025 · WB | 12.73 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 8.1 %Year-on-year · Aug. 2026 · Statistics UA | |
| Unemployment | 6.39 %ILO est.2025 · WB | 11.6 %IMF est.2025 · IMF |
| Budget balance (% of GDP) | -3.1 %IMF est.2025 · IMF | -23.3 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 137.1 %IMF est.2025 · IMF | 108.7 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | 1.15 %2025 · WB | -15 %IMF est.2025 · IMF |
| Population | 58,915,656World Bank est.2025 · WB | 32,762,000IMF est.2025 · IMF |
| Area | 302,070 km²2023 · WB | 603,550 km²2023 · BM / FAO |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
For Ukraine, GDP, population and GDP per capita are estimates from the same IMF (WEO) dataset for 2025. The per-capita figure published by the IMF is used, not a separate calculation. The previous World Bank series did not reconcile and are not mixed with this dataset. Reviewed: 2026-10-07. IMF data terms of use0
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDItaly: 2025 · World Bank · Official World Bank series. Observation year, not download date.Ukraine: 2025 · Nominal GDP in current USD · IMF — World Economic Outlook · IMF est. · IMF estimate (WEO). GDP, GDP per capita and population for this country come from the same WEO query for 2025; no separate GDP-per-capita figure has been calculated.
- GDP per capita
- Current USD per personItaly: 2025 · World Bank · Official World Bank series. Observation year, not download date.Ukraine: 2025 · Nominal GDP per capita in current USD · IMF — World Economic Outlook · IMF est. · IMF estimate (WEO). GDP, GDP per capita and population for this country come from the same WEO query for 2025; no separate GDP-per-capita figure has been calculated.
- GDP growth
- Annual real change (%)Italy: 2025 · World Bank · Official World Bank series. Observation year, not download date.Ukraine: 2025 · World Bank
- Policy interest rate
- Central bank instrument (%)Italy: 2026-09-16 · ECB: deposit facility; shared euro-area rate · European Central Bank · ECB deposit facility rate, shared by euro-area members; not an independent national rate.Ukraine: 2026-09-17 · National Bank of Ukraine policy rate · National Bank of Ukraine · speech published by the BIS · Published: 2026-09-21 · Decision announcement date; the BIS reproduces the governor's speech. · Alternative official source; verified 2026-10-06
- Inflation · annual average
- Average annual change in headline CPI (%)Italy: 2025 · Annual average change in the CPI (%) · World Bank · Official World Bank series. Observation year, not download date.Ukraine: 2025 · Annual average change in CPI (%) · World Bank
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedUkraine: 2026-08 · Change in headline CPI from the same month of the previous year (%) · State Statistics Service of Ukraine · Published: 2026-09-09 · National headline year-on-year CPI, not monthly inflation or an annual average.
- Unemployment
- % of the labour force; definition used by the stated institutionItaly: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Official World Bank series. Observation year, not download date.Ukraine: 2025 · Annual unemployment estimated by IMF WEO, not a contemporaneous labour survey or ILO modelled estimate. · IMF — World Economic Outlook · IMF est. · IMF estimate for 2025; the war limits the collection of labour observations. Not equivalent to observed unemployment in 2026.
- Budget balance
- General government (% of GDP)Italy: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Ukraine: 2025 · IMF — World Economic Outlook · IMF est.
- Gross public debt
- General government (% of GDP)Italy: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Ukraine: 2025 · IMF — World Economic Outlook · IMF est.
- Current account balance
- % of GDPItaly: 2025 · World Bank · Official World Bank series. Observation year, not download date.Ukraine: 2025 · Current-account balance as % of GDP, IMF WEO. · IMF — World Economic Outlook · IMF est. · Annual WEO estimate for UKR, 2025; not recalculated using GDP from another source.
- Population
- PeopleItaly: 2025 · World Bank · World Bank est. · Extrapolated estimate identified by the World Bank; not a census for the reference year.Ukraine: 2025 · Population from the WEO series; do not mix with a denominator from another source · IMF — World Economic Outlook · IMF est. · IMF estimate (WEO). GDP, GDP per capita and population for this country come from the same WEO query for 2025; no separate GDP-per-capita figure has been calculated.
- Area
- Total area in km²; territorial coverage of the sourceItaly: 2023 · World Bank · Official World Bank series. Observation year, not download date.Ukraine: 2023 · Total area, including inland waters; territorial coverage as defined by the source · World Bank · FAO
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Italy to Ukraine
| Product or sector | Value / share |
|---|---|
| Machinery and mechanical appliances | 545.7 M USD2025 · Source |
| Vehicles and components | 170.2 M USD2025 · Source |
| Electrical and electronic equipment | 153.6 M USD2025 · Source |
| Pharmaceutical products | 36.4 M USD2025 · Source |
| Dairy products, eggs and honey | 19.5 M USD2025 · Source |
| Mineral fuels and oils | 15.5 M USD2025 · Source |
| Meat and edible offal | 1.8 M USD2025 · Source |
| Metal ores | 0.185 M USD2025 · Source |
Ukraine to Italy
| Product or sector | Value / share |
|---|---|
| Dairy products, eggs and honey | 40.1 M USD2025 · Source |
| Machinery and mechanical appliances | 17.7 M USD2025 · Source |
| Metal ores | 14.7 M USD2025 · Source |
| Meat and edible offal | 6.5 M USD2025 · Source |
| Electrical and electronic equipment | 4 M USD2025 · Source |
| Pharmaceutical products | 1.9 M USD2025 · Source |
| Vehicles and components | 0.543 M USD2025 · Source |
| Mineral fuels and oils | 0.278 M USD2025 · Source |
How trade has changed
Billions of current USD · full calendar years
View chart figures
| Period | Total | Italy to Ukraine | Ukraine to Italy |
|---|---|---|---|
| 2021 | 6,384.5 | 2,495.3 | 3,889.2 |
| 2022 | 3,431 | 1,385.6 | 2,045.4 |
| 2023 | 3,740.1 | 1,890.9 | 1,849.2 |
| 2024 | 4,313.4 | 2,315.9 | 1,997.5 |
| 2025 | 4,737.1 | 2,594.8 | 2,142.3 |
Connections between people
In January 2023, Italy and France jointly announced a SAMP/T air defence system and operator training. Italy assumed an Odesa recovery role in October 2023, with cultural projects and UNESCO collaboration protecting its cathedral and heritage. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Italy living in Ukraine | ||
| Residents from Ukraine living in Italy | ||
| Study and training: Italy in Ukraine | ||
| Study and training: Ukraine in Italy | ||
| Academic stays: Italy in Ukraine | ||
| Academic stays: Ukraine in Italy | ||
| Travel: Italy to Ukraine | ||
| Travel: Ukraine to Italy |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
The scale of both economies
Nominal GDP for Italy is 2,551.6 billion USD (2025), compared with 212.9 for Ukraine (2025). The reference populations are 58.92 and 32.76 million, respectively. In the same year, the economy of Italy was 11.98 times that of Ukraine in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [4] [5] [6] [7]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Bilateral context
Italy condemns Russia's invasion and participates in military, humanitarian and financial assistance. In January 2023, Italy and France jointly announced a SAMP/T air defence system and operator training. [1]
Cooperation and bilateral issues
Rome participates in EUMAM, the European Peace Facility and EU financing mechanisms; not all that aid is Italian bilateral aid. The recovery conference on 10 and 11 July 2025 brought together governments, companies and local authorities, with agreements whose signing does not guarantee immediate implementation. Energy cooperation includes EBRD co-financing to restore Ukrhydroenergo capacity. Italy assumed an Odesa recovery role in October 2023, with cultural projects and UNESCO collaboration protecting its cathedral and heritage. The profile mixes recent updates with older military figures; the latter are therefore not presented as a current assessment. [1]
What merchandise trade shows
In 2025, merchandise trade between the two countries (Italy and Ukraine) totalled 4,737.1 million current USD. Shipments from the first to the second were 2,594.8 million; those in the opposite direction, 2,142.3 million. The difference between the two flows was 452.5 million, in favour of Italy. This is a goods balance, not the total balance of the economic relationship: it excludes services, income and transfers. Both directions come from a single customs reporter to avoid adding mirror records. [2]
Five years of trade trends
The consistent series shows 6,384.5 million USD in 2021 and 4,737.1 million in 2025. The change between the two endpoints was -25.8 % in current dollars. The highest annual value in the period was recorded in 2021, at 6,384.5 million. The chart allows the two directions to be compared to see whether they moved together or differently. The change combines quantities, prices and exchange rates; it is not automatically attributed to a treaty, a visit or a political decision. The same reporter is retained and missing years are not interpolated. [2]
Documented trade sectors
Within the selected chapters, machinery and mechanical appliances stands out in shipments from Italy to Ukraine, at 545.7 million USD in 2025. Within the selected chapters, dairy products, eggs and honey stands out in shipments from Ukraine to Italy, at 40.1 million USD in 2025. The table compares eight selected chapters with the same coverage as the trade total. It is not a complete list or proof that the first item in this selection is the leading product across the entire relationship. A chapter groups numerous goods: machinery and components, for example, do not describe a single business transaction. [3]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — UKR-ITA
www.esteri.it · Institutional source · Accessed: 2026-10-08
- UN Comtrade annual data; reused verified primary payload, not re-downloaded
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Bounded matrix; reporter, partner, year, chapter and direction identified in each record
UN Comtrade · Institutional source · Accessed: 2026-10-08
- NY.GDP.MKTP.CD; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07
- Official statistics
IMF — World Economic Outlook · Institutional source · Accessed: 2026-10-08
- SP.POP.TOTL; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07
- Official statistics
IMF — World Economic Outlook · Institutional source · Accessed: 2026-10-08
Additional sources on products and human connections
- UN Comtrade
2026-10-08 · Accessed: 2026-10-08 · Bounded matrix; reporter, partner, year, chapter and direction identified in each record.