Angola (AGO) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Angola-Italy Trade: In 2022, Angola exported $1.59B to Italy. The main products that Angola exported to Italy were Crude Petroleum ($1.4B), Petroleum Gas ($91.8M), and Special Purpose Ships ($84.5M). Over the past 5 years the exports of Angola to Italy have increased at an annualized rate of 32.9%, from $383M in 2017 to $1.59B in 2022.

In 2022, Angola did not export any services to Italy.

Italy-Angola Trade: In 2022, Italy exported $334M to Angola. The main products that Italy exported to Angola were Gas Turbines ($39.9M), Planes, Helicopters, and/or Spacecraft ($36.6M), and Industrial Food Preperation Machinery ($32.8M). Over the past 5 years the exports of Italy to Angola have decreased at an annualized rate of 0.02%, from $334M in 2017 to $334M in 2022.

In 2022, Italy did not export any services to Angola.

Comparison: In 2022, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Angola exported $1.59B to Italy. The main products exported from Angola to Italy were Crude Petroleum ($1.4B), Petroleum Gas ($91.8M), and Special Purpose Ships ($84.5M). During the last 5 years the exports of Angola to Italy have increased at an annualized rate of 32.9%, from $383M in 2017 to $1.59B in 2022.

In 2017, Italy exported $334M to Angola. The main products exported from Italy to Angola were Gas Turbines ($39.9M), Planes, Helicopters, and/or Spacecraft ($36.6M), and Industrial Food Preperation Machinery ($32.8M). During the last 5 years the exports of Italy to Angola have decreased at an annualized rate of 0.02%, from $334M in 2022 to $334M in 2017.

Exports from Angola () to Italy () (2022)

Exports from Italy () to Angola () (2022)

Latest Data

Trade between Angola () and Italy ()

Angola Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Angola
Top DestinationChina$21.8B

Italy
Top DestinationGermany$78.5B

This map shows whether countries import more from Angola or Italy. Each country is colored based on the difference in imports they receive from Angola and Italy or the difference in the growth in imports.

In 2022, countries that imported more from Angola than Italy included China ($21.8B), Malawi ($97.6M), and Republic of the Congo ($143M).

In 2022, countries that imported more from Italy than Angola included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy () and Angola () (2022)

Comparative Advantage Angola - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Angola and Italy by product, considering products traded by both, Angola and Italy.

During 2022, Angola had a large net trade with Italy in the exports of Mineral Products ($1.5B), Transportation ($84.5M), and Machines ($9.78M).

During 2017, Italy had a large net trade with Angola in the exports of Machines ($165M), Metals ($49.9M), and Transportation ($39.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Angola Italy+$517MCrude Petroleum

Top Product Potential Italy Angola+$7.62MValves

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Angola and Italy. This means that a dot/product with the flag of Angola indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Angola.

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Historical Data

Bilateral Trade by Products

Exports from Angola () to Italy () (2022)

Exports from Italy () to Angola () (2022)

Latest Data

Trade between Angola () and Italy ()

Angola Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Angola () (2022)

Comparative Advantage Angola - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Angola () and Italy () (2022)

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