Judy Genshaft

University of South Florida

“The Tampa Bay Trade & Protocol Council is an integral part of our region’s international trade strategy"

President Ronald L. Vaughn

The University of Tampa

"The Tampa Bay Trade & Protocol Council has a lead role in helping to rebuild these relationships for our community.”

Bob Rohrlack

Greater Tampa Chamber of Commerce

Greater Tampa Chamber of Commerce commends the Mayor and County on their vision to strengthen Protocol with an international trade component.

Italy

About
Italy is the third-largest economy in the euro-zone (1). The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned (1). Milan is the principal commercial center (4).

Italy’s natural resources include coal, mercury, zinc, potash, marble, barite, asbestos, pumice, fluorspar, feldspar, sulfur, natural gas and crude oil reserves, fish, arable land (2). Itseconomy is structured as followed (in % of GDP): services 73.5%, industry 24.4% and agriculture 2% (2013) (3).

Italy’s agriculture products include vegetables, grapes, potatoes, oranges, apples, sugar beets, soybeans, grain, olives, beef, dairy products, fish, wheat, corn, tomatoes, barley, and rice (3;4).

In addition, Italy produced antimony oxides, gold, mine lead, mine manganese, bromine, crude clays , diatomite, gypsum, lime, nitrogen, perlite, mineral pigments, salt, sand and gravel , soda ash, sodium sulfate, stone , sulfur, and talc (4).

Italy’s industries include tourism, machinery, iron and steel, chemicals, food processing, textiles, motor vehicles, clothing, footwear, ceramics (3).

Italy’s top exports commodities include engineering products, textiles and clothing, shoes, production machinery, motor vehicles, transport equipment, chemicals, leather, foodstuffs, beverages and tobacco, minerals, finished products, nonferrous metals (1;4). Its top imports commodities include engineering products, raw materials, chemicals, transport equipment, energy products, fuels, minerals, nonferrous metals, textiles and clothing; food, beverages, meat, grain products, and tobacco (3;4).

Italy’s main ports and terminals are:  Augusta, Cagliari, Genoa, Livorno, Taranto, Trieste, and Venice (1).


Trade Statistics
Italy was the United States' 15th largest trading partner during 2013 (5). In 2013, Italy was the United States' 22nd largest goods export partner and 11th largest supplier of goods imports (6). United-States is Italy’s 3rd main export partner (7). Florida’s top exports to Italy include: Medicaments, Civilian Aircraft, Engines, And Parts, Yachts and Other Vessels, Chemical Wood pulp, Soda, and Articles Of Jewelry. Florida’s top imports from Italy include: Yachts & Other Vessels for Pleas, Wine of Fresh Grapes, Perfumes and Toilet Waters and Furniture (8).

The City of Tampa has formalized Sister City agreement with the city of Agrigento (9).


Trade Numbers
  • United States’ goods imports from Italy in 2013: $38.7 billion (10)
  • Florida’s merchandise exports to Italy in 2013: 452.0 Millions of US Dollars (8)
  • Florida’s merchandise imports from Italy in 2013: 1,342.8 Millions of US Dollars (8)
  • Total Merchandise Trade between Florida and Italy in 2013: 1,794.8 Millions of US Dollars (8)
  • Imports to Tampa Port Authority from Italy in 2010: $5,345,276 (11)
  • Exports from Tampa Port Authority to Italy in 2010: $15,260,346 (11)

Export Companies (12)
Italy owns 11 companies in Tampa Bay:

Company Parent Country County NAICS Titles # of Employees
Autogrill Group, Inc. Italy Multiple Limited-Service Restaurants 100 to 299
Cushman & Wakefield of Florida, Inc. Italy Multiple Commercial Real Estate Agencies 100 to 299
DRS Surveillance Support Systems, Inc. Italy Pinellas Photographic & Photocopying Equipment Manufacturing 10 to 29
GTECH Italy Polk Other Gambling Industries <10
Host International, Inc. Italy Hillsborough Snack & Nonalcoholic Beverage Bars 500 to 999
Miracle Ear, Inc. Italy Multiple Electromedical & Electrotherapeutic Apparatus Manufacturing 10 to 29
Polyglass U.S.A., Inc. Italy Polk Other Building Material Dealers <10
Pro Tech Monitoring, Inc. Italy Hillsborough All Other Telecommunications 100 to 299
SGM Magnetics Corporation Italy Sarasota Industrial Machinery & Equipment Merchant Wholesalers <10
Sonus-USA, Inc. Italy Multiple Electromedical & Electrotherapeutic Apparatus Manufacturing 10 to 29
Zecchetti USA, LLC Italy Pinellas Industrial Machinery & Equipment Merchant Wholesalers <10

References
  1. https://www.cia.gov/library/publications/the-world-factbook/geos/it.html
  2. http://www.infoplease.com/country/italy.html?pageno=8
  3. http://worldfacts.us/Italy.htm
  4. http://www.encyclopedia.com/topic/Italy.aspx#
  5. http://www.census.gov/foreign-trade/statistics/highlights/top/top1312yr.html
  6. http://www.trade.gov/mas/ian/build/groups/public/@tg_ian/documents/webcontent/tg_ian_003364.pdf
  7. https://www.cia.gov/library/publications/the-world-factbook/fields/2050.html
  8. http://www.enterpriseflorida.com/wp-content/uploads/profile-fl-top-trade-partners-italy.pdf
  9. http://www.italian-club.org/sistercity.asp
  10. http://www.ustr.gov/countries-regions/europe-middle-east/europe/european-union
  11. http://www.worldportsource.com/trade/byPort/ITA/USA_FL_Tampa_Port_Authority_96.php
  12. http://www.tampabay.org/sites/default/files/NEW%202011%20FDI%20STUDY_0.pdf