7th
IT is UA’s 7th largest export destination
1/10
UA diaspora 1/10 of the total number of the non-EU citizens in IT
6th
And 6th largest source of imported goods
0.5%
UA accounts for less than 0.5% of IT’s trade in goods
IT’s Intesa Sanpaolo operates in UA through Pravex Bank, one of the largest European banks with a long-standing presence in the UA financial sector
Metinvest operates several metallurgical plants in Italy, which form part of its European production chain
Centre for Economic Strategy (CES), an independent Ukrainian think tank that analyzes key public policies and promotes support for reforms.
With donor support, CES has launched a series of studies on trade relations between Ukraine and the European Union countries.
Free movements of goods and services
Trade balance UA-IT 2024
Free movement of persons and capital
Pre war:
223k
Ukrainians in IT — EU’s 2nd-largest community
Post-2022:
+167k
with temporary protection
~390k
legally in IT (May 2025)
~ 66% employed; ~80% higher education; ~50% with good living conditions; mostly women in care services
Remittances to UA, 2024
Tighter co-operation potential
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Tighter co-operation in defense (e.g. radar systems, drone / aerospace tech, electronics , leading Italian player — Leonardo), government guarantees backed by the EU instruments might help.
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Given large corn exports — expanding JV in fodder production.
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Italy can act as a gateway for green Ukrainian steel to the EU.
Interesting fact
Other countries
