China-Italy bilateral trade development saw a good turning in 2007, the volume and value of both Chinese export and import surged fairly higher.

Italian market was in large demand of the products origin from China in 2007, such as textile and apparel, electronic equipment and precision instrument, mental raw materiel and product, enginery and machinery equipment, leather raw material and product. Each value of the mentioned imports exceeded 1 billion Euros.

The increasing range of some imports origin from China exceeded average monthly increasing range, such as mental raw material and products, food, drink and tobacco, paper, paper product, printing and publishing product, timber and timber product, furniture, enginery and machinery equipment, chemical and synthetic fiber product, non-ferrous metal ore and processing products.

According to the statistics released by Italian National Institute of Statistics, The export and import value of Italy to non-EU countries and regions amounted to 143.23 billion euros and 158.422 billion euros respectively in 2007, up by 10.5% and 5.5% year on year. And its trade deficit with non-EU countries and regions hit 15.192 billion euros.

The latest statistics released by Italian National Institute of Statistics showed that the import value of Italy from China hit 21.765 billion euros in 2007, up by 21.2% year on year, and its export value to China hit 6.313 billion euros, up by 10.7% year on year. Since the import range enlarged, Italian trade deficit with China remained increase by a large range, which amounted to 15.452 euros in accumulation.