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2023
Flag → Flag
Exports $47.7BRnk 21 / 208
2023
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Top Product $4.05BBroadcasting Equipment
2023
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Exports $21.8BRnk 7 / 219
2023
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Top Product $3.94BPackaged Medicaments
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
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GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

China-Italy Trade: In 2023, China exported $47.7B to Italy. The main products that China exported to Italy were Broadcasting Equipment ($4.05B), Electric Batteries ($1.59B), and Computers ($1.39B). Over the past 5 years the exports of China to Italy have increased at an annualized rate of 5.48%, from $36.5B in 2018 to $47.7B in 2023.

In 2023, China did not export any services to Italy.

Italy-China Trade: In 2023, Italy exported $21.8B to China. The main products that Italy exported to China were Packaged Medicaments ($3.94B), Trunks and Cases ($1.21B), and Leather Footwear ($656M). Over the past 5 years the exports of Italy to China have increased at an annualized rate of 1.58%,  from $16.7B in 2018 to $21.8B in 2023.

In 2020, Italy exported services to China worth $1.57B, with Royalties and license fees ($749M), Other business services ($391M), and Transportation ($127M) being the largest in terms of value.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $4.18B and imported $2.37B from Italy, resulting in a positive trade balance of $1.81B. Between December 2023 and December 2024 the exports of China have increased by $244M (6.21%) from $3.93B to $4.18B, while imports increased by $119M (5.3%) from $2.25B to $2.37B.

Trade In December 2024, the top exports of China to Italy were Telephones ($299M), Electric Batteries ($265M), Cars ($114M), Commodities not elsewhere specified ($109M), and Trunks and Cases ($108M). In December 2024 the top imports of China from Italy were Trunks and Cases ($246M), Packaged Medicaments ($201M), Leather Footwear ($101M), Jewellery ($88.3M), and Semiconductor Devices ($59.3M).

Origins In December 2024 the exports of China were mainly from Zhejiang Province ($850M), Guangdong Province ($832M), Jiangsu Province ($668M), Shanghai Province ($358M), and Shandong Province ($315M), while imports destinations were mainly Shanghai Province ($1.04B), Guangdong Province ($290M), Beijing ($253M), Jiangsu Province ($246M), and Zhejiang Province ($148M).

Growth In December 2024, the increase in China's year-by-year exports to Italy was explained primarily by an increase in product exports in Electric Batteries ($153M or 137%), Telephones ($73.9M or 32.8%), and Commodities not elsewhere specified ($66.7M or 159%). In December 2024, the increase in China's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Jewellery ($32.9M or 59.4%), Air Pumps ($24.4M or 218%), and Other Heating Machinery ($24.3M or 159%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$244M(6.21%)
IMPORT GROWTH (December 2023 - December 2024)$119M(5.3%)
MAIN EXPORTER (December 2024)Zhejiang Province$850M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Italy and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $47.7B to Italy. The main products exported from China to Italy were Broadcasting Equipment ($4.05B), Electric Batteries ($1.59B), and Computers ($1.39B). During the last 5 years the exports of China to Italy have increased at an annualized rate of 5.48%, from $36.5B in 2018 to $47.7B in 2023.

In 2018, Italy exported $21.8B to China. The main products exported from Italy to China were Packaged Medicaments ($3.94B), Trunks and Cases ($1.21B), and Leather Footwear ($656M). During the last 5 years the exports of Italy to China have increased at an annualized rate of 1.58%, from $16.7B in 2023 to $21.8B in 2018.

Exports from China (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from China than Italy included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Italy than China included France ($61.1B), Switzerland ($29.3B), and Croatia ($6.16B).

Difference in imports from Italy (Flag) and China (Flag) (2023)

Comparative Advantage China - Italy

Flow
Scale

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

During 2023, China had a large net trade with Italy in the exports of Machines ($20.8B), Textiles ($4.92B), and Metals ($4.51B).

During 2018, Italy had a large net trade with China in the exports of Chemical Products ($5.44B), Machines ($5.18B), and Textiles ($2.44B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Italy+$1.15BTelephones
Top Product Potential Italy China+$676MCars

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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Bilateral Service Trade

In 2020, Italy exported services to China worth $1.57B, with Royalties and license fees ($749M), Other business services ($391M), and Transportation ($127M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of China (Flag) and Italy (Flag) (2023)

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