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Italy

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Targeted approach to business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Italy
Map of Italy

Country Facts

Nominal GDP2,148.40 Billion USD
Population61.07 Million
Total Trade/GDP55.52%
CurrencyEuro (EUR)
Merchandise Imports from Canada4,171.18 Million CAD
Canadian direct investment796 Million CAD
Main importsMachinery & Equipment, Mineral Fuels, Chemicals, Food, Beverage & Tobacco

EDC in Italy

Canadian companies assisted316
International buyers insured1,215
Business volume626.43 Million CAD

Business Environment

Italy has seen an increase in its worldwide exports and imports over previous years spurred on by its continued recovery from the European financial crisis of 2010. Canada and Italy have an established and growing trade and investment relationship. Despite some restrictions based on Italian banking laws, EDC sees business and investment potential across a range of sectors. While the economy in Italy remains weak, large multinational Italian companies that are well diversified globally still maintain good credit ratings and potential for Canadian exporters.

Key Industries

  • Mining & Metals
  • Plastics and Chemicals
  • Power
  • Telecom
  • Transportation Services

How we can support your business

Through our Head Office operations in Ottawa, we provide support to Canadian companies planning on or currently doing business in Italy. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.
 

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