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→U.S.-Italy Economic Relations
====U.S.-Italy Economic Relations====
====U.S.-Italy Economic Relations====
[[File:Thomas Moran Amalfi Coast ca 1867 68.jpg|thumb|[[Thomas Moran]], Amalfi Coast, ca. 1867 - 68.]]
The United States and Italy cooperate closely on major economic issues, including within the G-8. With a large population and a high per capita income, Italy was the United States' twelfth-largest trading partner in 2008, with total bilateral trade of $51.6 billion comprised of exports to Italy totaling $15.5 billion and imports worth $36.1 billion. The U.S.'s $20.7 billion deficit with Italy in 2008 was slightly below the $20.9 billion deficit registered in 2007. Machinery and aircraft are becoming important U.S. exports. U.S. foreign direct investment in Italy at the end of 2007 exceeded $28.4 billion.
The United States and Italy cooperate closely on major economic issues, including within the G-8. With a large population and a high per capita income, Italy was the United States' twelfth-largest trading partner in 2008, with total bilateral trade of $51.6 billion comprised of exports to Italy totaling $15.5 billion and imports worth $36.1 billion. The U.S.'s $20.7 billion deficit with Italy in 2008 was slightly below the $20.9 billion deficit registered in 2007. Machinery and aircraft are becoming important U.S. exports. U.S. foreign direct investment in Italy at the end of 2007 exceeded $28.4 billion.