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Happy birthday Italy: Economy and Finance

Happy birthday Italy: Economia e Finanza

Author: Simone Crolla

In 2026, We the Italians celebrates “Two Anniversaries, One Heart” – the 250th anniversary of the United States and the 80th anniversary of the Italian Republic. This article is part of the “Happy Birthday Italy” project, in which we explain why Italy is grateful to the United States for these past 80 years across 18 different sectors of our country’s life.

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United States and Italy: 80 years of shared economic growth across regions, businesses, and innovation

As Italy celebrates the 80th anniversary of the Italian Republic this year, its economic relationship with the United States stands out as one of the strongest and most enduring pillars of national growth. This is not just a trade relationship, but a true strategic partnership that has accompanied - and often anticipated - the transformation of Italy’s economic system.

From postwar reconstruction to the challenges of globalization and the digital transition, the United States has been a key reference point for Italy - a partner capable of investing, innovating, and strengthening the competitiveness of the country’s productive system.

American contributions had a decisive impact from the very beginning of the Republic. Economic and financial support in the post-World War II years went beyond rebuilding infrastructure - it introduced industrial and organizational models that helped shape Italy’s manufacturing base. A clear example is the Falck Group, which, supported by the Marshall Plan, launched a new phase of growth and eventually became Italy’s largest private steel producer.

In the decades that followed, this relationship evolved into a continuous flow of investments, expertise, and exchange. U.S. companies found in Italy a fertile environment for developing high-value activities, contributing to job creation, the spread of new technologies, and the strengthening of industrial supply chains.

Today, the United States is among the leading foreign investors in Italy and represents the top non-EU export destination for Italian goods. Trade between the two countries exceeded $114 billion in 2025, with a strong presence of American multinationals across key sectors of the Italian economy.

One of the most interesting developments in recent years has been the growing role of local territories. Regions such as Veneto, Emilia-Romagna, and Campania have emerged as true hubs of transatlantic dialogue, supported by dynamic business ecosystems, strong export orientation, and the ability to attract international investment.

Direct engagement among businesses, institutions, and local stakeholders has shown that the relationship between Italy and the United States is no longer limited to government-level interaction. It has become a widespread ecosystem, made up of industrial districts, small and medium-sized enterprises, and large corporations working together across global value chains. In this context, initiatives promoted by organizations such as AmCham play a key role in connecting experience, expertise, and opportunities.

Italy’s most export-driven regions are also those most integrated into trade flows and investment relationships with the United States, confirming a bond that is increasingly rooted at the local level.

In recent years, the international environment has introduced new challenges - trade tensions, supply chain reconfiguration, tariff policies, and geopolitical instability. Yet the economic relationship between Italy and the United States has demonstrated remarkable resilience.

Even with the introduction of new tariffs, Italian exports to the United States continued to grow, recording a 7.2% increase last year, according to official data. This reflects not only strong American demand for Made in Italy products, but also the ability of Italian companies to adapt quickly to complex conditions. At the same time, American companies continue to invest in Italy, strengthening their presence in strategic sectors and contributing to the modernization of the economy. This is a two-way relationship, where both sides benefit from a continuous exchange of value.

Today, the transatlantic partnership is increasingly shaped by issues such as innovation, sustainability, and supply chain security. Italian and American companies are working together to make supply chains more resilient, investing in advanced technologies, digitalization, and energy transition. This cooperation is especially important in a global context where competition is closely tied to economic security and access to strategic resources. As a result, the dialogue between Italy and the United States is expanding into new areas, from advanced manufacturing to critical technologies, further reinforcing the strategic nature of the relationship.

Working daily to strengthen economic ties between Italy and the United States has provided a close view of how this relationship continues to evolve. What stands out is that it is not just about numbers - important as they are - but about a partnership built on trust, complementarity, and a shared vision. Italian companies see the United States not just as a market, but as a partner for growth. At the same time, American companies view Italy as a strategic platform in Europe, combining industrial excellence, creativity, and manufacturing expertise. This combination is what makes the relationship between the two countries unique - a balance between tradition and innovation, local roots and global reach.

Looking ahead, the challenges we face - from digital transformation to sustainability, from economic security to global competition - require strong and forward-looking alliances. In this context, the relationship between Italy and the United States will continue to be a key strategic asset. If the past 80 years of the Italian Republic tell a story of growth and transformation, it is only right to recognize that a significant part of that journey has been shared with the United States - a collaboration that has evolved over time, adapted to change, and generated lasting value for both economies, and continues to do so today.

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