Italy is one of the six founding members of the European Union (EU) and one of the 12 Economic and Monetary Union (EMU) countries. Italy’s closest trade ties are with the other European Union countries.
Major U.S. Exports to Italy in 2007::
• Pharmaceutical preparations -US $1.1 Billion
• Precious metals -US $1 Billion
• Medicinal equipment -US $600 Million
• Passenger cars -US $500 Million
• Industrial machines –US $400 Million

Major U.S. Imports from Italy in 2007:
• Industrial machinery -US $1.9 Billion
• Petroleum products -US $1.5 Billion
• Clocks, port typewriters, and other household goods -US $1.4 Billion
• Footwear of leather, rubber or other materials – US $1.2 Billion
• Medicinal, dental and pharmaceutical preparations – US $1.8 Billion

(Source:http://www.census.gov/foreign-trade/statistics/country/index.html)