2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
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2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
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2022
Flag
GDP PC
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Canada-Italy In 2022, Canada exported $2.19B to Italy. The main products that Canada exported to Italy are Wheat ($403M), Packaged Medicaments ($318M), and Soybeans ($233M). During the last 27 years the exports of Canada to Italy have increased at an annualized rate of 0.96%, from $1.69B in 1995 to $2.19B in 2022.

In 2020, Canada exported services to Italy worth $198M, with Transportation ($76.8M), Travel ($46.2M), and Computer and information services ($33.6M) being the largest in terms of value.

Italy-Canada In 2022, Italy exported $7.06B to Canada. The main products that Italy exported to Canada were Wine ($458M), Cars ($215M), and Packaged Medicaments ($193M). During the last 27 years the exports of Italy to Canada have increased at an annualized rate of 4.35%, from $2.23B in 1995 to $7.06B in 2022.

In 2020, Italy exported services to Canada worth $372M, with Travel ($198M), Other business services ($59.4M), and Transportation ($32.2M) being the largest in terms of value.

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). 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
Value

In 2022, Canada exported $2.19B to Italy. The main products exported from Canada to Italy were Wheat ($403M), Packaged Medicaments ($318M), and Soybeans ($233M). During the last 27 years the exports of Canada to Italy have increased at an annualized rate of 0.96%, from $1.69B in 1995 to $2.19B in 2022.

In 2022, Italy exported $7.06B to Canada. The main products exported from Italy to Canada were Wine ($458M), Cars ($215M), and Packaged Medicaments ($193M). During the last 27 years the exports of Italy to Canada have increased at an annualized rate of 4.35%, from $2.23B in 1995 to $7.06B in 2022.

Exports from Canada (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Italy
Top Destination
Germany$78.5B

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

In 2021, countries that imported more from Canada than Italy were United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2021, countries that imported more from Italy than Canada were Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

Difference in imports from Italy (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Italy

Flow
Scale

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

During 2022, Canada had a large net trade with Italy in the exports of Vegetable Products ($712M), Chemical Products ($448M), and Mineral Products ($230M).

During 2022, Italy had a large net trade with Canada in the exports of Machines ($1.97B), Foodstuffs ($997M), and Chemical Products ($597M).

Service Trade

Bilateral Service Trade

In 2020, Canada exported services to Italy worth $198M, with Transportation ($76.8M), Travel ($46.2M), and Computer and information services ($33.6M) being the largest in terms of value.

In 2020, Italy exported services to Canada worth $372M, with Travel ($198M), Other business services ($59.4M), and Transportation ($32.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Italy (Flag) (2020)

Services Exports from Italy (Flag) to Canada (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Canada.

Product Space of Canada (Flag) and Italy (Flag) (2022)

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